, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Planet Fitness, Inc. ("Planet Fitness" or the "Company") (NYSE: PLNT). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Planet Fitness and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On May 7, 2026, Planet Fitness reported its first quarter 2026 financial results and updated its full-year outlook. Among other items, Planet Fitness disclosed that "2026 is off to a slower than expected start from a net member growth perspective" as the Company faced "internal and external headwinds during our peak sign-up period." The Company further disclosed that it was pausing its planned national Black Card price increase pending a broader pricing review. In addition, Planet Fitness stated that, based on "lower net joins than planned in the first quarter" and the decision to pause the Black Card price increase, it was reducing several of its 2026 growth expectations. The Company lowered expected system-wide same club sales growth to approximately 1%, compared to its prior guidance of 4% to 5%; revenue growth to approximately 7%, compared to prior guidance of approximately 9%; adjusted EBITDA growth to approximately 6%, compared to prior guidance of approximately 10%; adjusted net income to a decrease of approximately 2%, compared to prior guidance of 4% to 5% growth; and adjusted diluted EPS growth to approximately 4%, compared to prior guidance of 9% to 10%.
On this news, Planet Fitness's stock price fell $19.95 per share, or 31.19%, to close at $44.01 per share on May 7, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
NEW YORK, May 29, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Planet Fitness, Inc. (NYSE:PLNT) for potential securities fraud after its significant stock drop.
If you invested in Planet Fitness, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/planet-fitness-class-action-lawsuit.
Key Details of the Planet Fitness ($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.
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. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
NEW YORK, June 01, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Planet Fitness, Inc. (NYSE:PLNT) for potential securities fraud after its significant stock drop.
If you invested in Planet Fitness, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/planet-fitness-class-action-lawsuit.
Key Details of the Planet Fitness ($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.
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. 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.
NEW YORK, June 02, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Planet Fitness, Inc. (“Planet Fitness” or the “Company”) (NYSE: PLNT). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Planet Fitness and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On May 7, 2026, Planet Fitness reported its first quarter 2026 financial results and updated its full-year outlook. Among other items, Planet Fitness disclosed that “2026 is off to a slower than expected start from a net member growth perspective” as the Company faced “internal and external headwinds during our peak sign-up period.” The Company further disclosed that it was pausing its planned national Black Card price increase pending a broader pricing review. In addition, Planet Fitness stated that, based on “lower net joins than planned in the first quarter” and the decision to pause the Black Card price increase, it was reducing several of its 2026 growth expectations. The Company lowered expected system-wide same club sales growth to approximately 1%, compared to its prior guidance of 4% to 5%; revenue growth to approximately 7%, compared to prior guidance of approximately 9%; adjusted EBITDA growth to approximately 6%, compared to prior guidance of approximately 10%; adjusted net income to a decrease of approximately 2%, compared to prior guidance of 4% to 5% growth; and adjusted diluted EPS growth to approximately 4%, compared to prior guidance of 9% to 10%.
On this news, Planet Fitness’s stock price fell $19.95 per share, or 31.19%, to close at $44.01 per share on May 7, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
NEW YORK, June 03, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Planet Fitness, Inc. (NYSE:PLNT) for potential securities fraud after its significant stock drop.
If you invested in Planet Fitness, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/planet-fitness-class-action-lawsuit.
Key Details of the Planet Fitness ($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.
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. 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.
NEW YORK--(BUSINESS WIRE)---- $PLNT #BFA--BFA Law Reminds Planet Fitness Investors that Suffered Losses of its Pending Securities Fraud Investigation into 31% Stock Drop.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Planet Fitness, Inc. ("Planet Fitness" or the "Company") (NYSE: PLNT). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Planet Fitness and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On May 7, 2026, Planet Fitness reported its first quarter 2026 financial results and updated its full-year outlook. Among other items, Planet Fitness disclosed that "2026 is off to a slower than expected start from a net member growth perspective" as the Company faced "internal and external headwinds during our peak sign-up period." The Company further disclosed that it was pausing its planned national Black Card price increase pending a broader pricing review. In addition, Planet Fitness stated that, based on "lower net joins than planned in the first quarter" and the decision to pause the Black Card price increase, it was reducing several of its 2026 growth expectations. The Company lowered expected system-wide same club sales growth to approximately 1%, compared to its prior guidance of 4% to 5%; revenue growth to approximately 7%, compared to prior guidance of approximately 9%; adjusted EBITDA growth to approximately 6%, compared to prior guidance of approximately 10%; adjusted net income to a decrease of approximately 2%, compared to prior guidance of 4% to 5% growth; and adjusted diluted EPS growth to approximately 4%, compared to prior guidance of 9% to 10%.
On this news, Planet Fitness's stock price fell $19.95 per share, or 31.19%, to close at $44.01 per share on May 7, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
NEW YORK, June 05, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Planet Fitness, Inc. (NYSE:PLNT) for potential securities fraud after its significant stock drop.
If you invested in Planet Fitness, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/planet-fitness-class-action-lawsuit.
Key Details of the Planet Fitness ($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.
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. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
NEW YORK, June 08, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Planet Fitness, Inc. (NYSE:PLNT) for potential securities fraud after its significant stock drop.
If you invested in Planet Fitness, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/planet-fitness-class-action-lawsuit.
Key Details of the Planet Fitness ($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.
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. 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.
NEW YORK, June 09, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Planet Fitness, Inc. (“Planet Fitness” or the “Company”) (NYSE: PLNT). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Planet Fitness and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On May 7, 2026, Planet Fitness reported its first quarter 2026 financial results and updated its full-year outlook. Among other items, Planet Fitness disclosed that “2026 is off to a slower than expected start from a net member growth perspective” as the Company faced “internal and external headwinds during our peak sign-up period.” The Company further disclosed that it was pausing its planned national Black Card price increase pending a broader pricing review. In addition, Planet Fitness stated that, based on “lower net joins than planned in the first quarter” and the decision to pause the Black Card price increase, it was reducing several of its 2026 growth expectations. The Company lowered expected system-wide same club sales growth to approximately 1%, compared to its prior guidance of 4% to 5%; revenue growth to approximately 7%, compared to prior guidance of approximately 9%; adjusted EBITDA growth to approximately 6%, compared to prior guidance of approximately 10%; adjusted net income to a decrease of approximately 2%, compared to prior guidance of 4% to 5% growth; and adjusted diluted EPS growth to approximately 4%, compared to prior guidance of 9% to 10%.
On this news, Planet Fitness’s stock price fell $19.95 per share, or 31.19%, to close at $44.01 per share on May 7, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
NEW YORK, June 10, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Planet Fitness, Inc. (NYSE:PLNT) for potential securities fraud after its significant stock drop.
If you invested in Planet Fitness, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/planet-fitness-class-action-lawsuit.
Key Details of the Planet Fitness ($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.
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. 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.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Planet Fitness, Inc. ("Planet Fitness" or the "Company") (NYSE: PLNT). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Planet Fitness and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On May 7, 2026, Planet Fitness reported its first quarter 2026 financial results and updated its full-year outlook. Among other items, Planet Fitness disclosed that "2026 is off to a slower than expected start from a net member growth perspective" as the Company faced "internal and external headwinds during our peak sign-up period." The Company further disclosed that it was pausing its planned national Black Card price increase pending a broader pricing review. In addition, Planet Fitness stated that, based on "lower net joins than planned in the first quarter" and the decision to pause the Black Card price increase, it was reducing several of its 2026 growth expectations. The Company lowered expected system-wide same club sales growth to approximately 1%, compared to its prior guidance of 4% to 5%; revenue growth to approximately 7%, compared to prior guidance of approximately 9%; adjusted EBITDA growth to approximately 6%, compared to prior guidance of approximately 10%; adjusted net income to a decrease of approximately 2%, compared to prior guidance of 4% to 5% growth; and adjusted diluted EPS growth to approximately 4%, compared to prior guidance of 9% to 10%.
On this news, Planet Fitness's stock price fell $19.95 per share, or 31.19%, to close at $44.01 per share on May 7, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
NEW YORK, June 12, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Planet Fitness, Inc. (NYSE:PLNT) for potential securities fraud after its significant stock drop.
If you invested in Planet Fitness, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/planet-fitness-class-action-lawsuit.
Key Details of the Planet Fitness ($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.
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. 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.
BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce financing for 775 Huntington Avenue, a new mixed-income residential development located in the Mission Hill neighborhood of Boston. Sponsored by Roxbury Tenants of Harvard (RTH), the project will create 55 mixed-income homeownership units, comprised of 27 affordable homes and 28 market‑rate homes, and 57 affordable rental units within a new 13‑story building that also includes commercial space and structured parking. Eastern is servin.
BOSTON--(BUSINESS WIRE)--Eastern Bank today announced that Jennifer Wambold, Senior Vice President of Total Rewards and Benefits, has been promoted to Executive Vice President, Chief People Officer and appointed to Eastern's Management Committee. Ms. Wambold joined Eastern in 2025 to lead compensation, benefits and recognition strategies that support Eastern's talent objectives. In her expanded role, she will continue to report to and work on workforce initiatives with Executive Vice President.
(Kitco News) – BRICS+ nations now hold 17.4% of global gold reserves, up from 11.2% in 2019, while the dollar’s share of global reserves fell to its lowest level since 1994 – and one BRICS member could well buy as much as all other countries combined, according to Michael Harris, technical analyst at EBC Financial Group.
In a new analysis published Tuesday, Harris wrote that central banks bought more gold in the past three years than at any point in modern history – and the concentration of bullion among BRICS+ members’ reserves is skyrocketing.
Harris noted that central banks bought more than total annual mine production of several mid-sized gold-producing countries in 2025. “This is not speculative demand, it is policy,” he said. “The buyers are concentrated, but the trend is broad. Russia, China, India, Turkey, and Poland have led the accumulation, but more than 40 central banks participated in 2025.”
“The buying has been one-directional and price-insensitive, meaning sovereign purchasers absorb supply regardless of whether gold trades at $4,000 or $5,000.”
And the member states of the so-called ‘BRICS+’ – originally Brazil, Russia, India, China, and South Africa, with later additions Egypt, Ethiopia, Iran, and the UAE – are among the global leaders in gold acquisition.
“BRICS+ nations now hold over 6,000 tonnes of gold, representing approximately 17.4% of total global central bank reserves, up from 11.2% in 2019,” Harris said. “Russia leads with 2,336 tonnes, China holds 2,298 tonnes, and India follows with 880 tonnes. Together, Russia and China control roughly 74% of the bloc’s total gold holdings.”
Harris pointed out that from 2020 and 2024, BRICS members’ central banks represented over 50% of all sovereign gold purchases globally. “In the first nine months of 2025, BRICS nations added 663 tonnes worth approximately $91 billion,” he said. “Brazil made its first gold purchase since 2021, adding 16 tonnes in September 2025.”
The turning point, however, happened in 2022, when the United States and its allies froze roughly $300 billion in Russian foreign exchange reserves following its invasion of Ukraine.
“That action sent a clear message to every central bank holding dollar-denominated assets: reserves stored in another country’s financial system can be seized,” Harris wrote. “The response was immediate. Central bank gold purchases jumped from roughly 500 tonnes per year before 2022 to over 1,000 tonnes annually in each of the three years since. Gold stored in domestic vaults cannot be frozen or confiscated through the SWIFT system.”
But while gold accumulation represents one side of this structural shift, the other side is the U.S. dollar’s declining share of global reserves.
“IMF COFER data shows the dollar’s share fell from 71% in 1999 to roughly 57% by the end of 2025, its lowest reading since 1994,” Harris said, but noted that foreign central bank holdings of dollar-denominated assets have actually remained steady since 2014. “The decline in share is driven not by active selling but by faster growth in reserves held in euros, yen, gold, and a growing basket of non-traditional currencies.”
Harris cited the 2025 World Gold Council survey which found that 73% of participating central bankers believe the dollar’s reserve share will decrease further over the next five years, while 43% of surveyed central banks plan to increase their gold holdings – both record-high levels.
But while the impact on the dollar side has been gradual, the gold side of the equation has exploded.
“Gold’s share of official reserve assets has more than doubled from below 10% in 2015 to over 23% today,” he wrote. “Much of this reflects gold’s price appreciation, but the direction is unmistakable: central banks are allocating a growing share of their portfolios to gold, and the Hormuz crisis has only reinforced the urgency.”
And the largest economy in the Persian Gulf also represents one of the biggest wildcards in this shift. “Saudi Arabia holds approximately 323 tonnes of gold, just 2.6% of its total reserves,” Harris noted. “For a nation sitting on over $500 billion in reserves, that allocation is remarkably low. A move to just 5% gold allocation would require purchases equivalent to the entire projected central bank demand for 2026 from a single buyer.”
“The Kingdom has not publicly announced plans to increase gold holdings, but its BRICS+ membership, its participation in the mBridge platform, and its deepening ties with Beijing all point toward a strategic repositioning that could logically include gold.”
Turning to the gold market itself, Harris offers an analysis of the impact of central bank demand in creating a structural floor for prices.
“Gold is trading near $4,660 per ounce as of early April 2026, having surged over 60% in 2025 alone,” he said. “The rally has pushed forecasts sharply higher, with Deutsche Bank targeting $6,000, JPMorgan at $6,300, Goldman Sachs at $5,400, and Societe Generale calling $6,000 conservative. The World Gold Council projects 750 to 850 tonnes of central bank purchases in 2026, still far above historical norms.”
“That volume represents roughly 20% of annual global mine supply, absorbed as a one-directional flow regardless of price,” he added. “This creates a structural floor that has made each correction shallower than the last.”
Institutional flows are also serving to reinforce central bank demand. “Gold ETF inflows accelerated through 2025, and China’s insurance sector has been allocated pilot positions in gold,” Harris wrote. “When sovereign, institutional, and retail buyers all move in the same direction simultaneously, the supply-demand picture tightens in ways standard price models fail to capture.
Harris then proposes three potential developments that would accelerate the current sovereign trend away from the dollar and into gold.
Firstly, if China becomes more transparent about their gold purchases and reveals larger-than-expected gold holdings, “that would be an immediate catalyst,” he said. “Second, any formal gold allocation increase by Saudi Arabia or the UAE would confirm that the newest BRICS+ members are following the Russia-China playbook.”
“Third, watch for further declines in the dollar’s reserve share in the next IMF COFER release, since each incremental drop reinforces the narrative driving sovereign gold demand.”
“The shift from dollar reserves to gold is not a prediction but a trend, supported by three years of data, more than 40 participating central banks, and over 3,000 tonnes of metal moved into sovereign vaults since 2022,” Harris concluded. “The dollar remains dominant, but the direction is clear: central banks are building positions in an asset no foreign government can freeze, at a pace not seen in half a century.”
“Gold at $4,660 reflects that reality, and the forecasts above $5,000 reflect where the market thinks this goes next.”
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
Eastern Bankshares, Inc. (EBC - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 23. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis company is expected to post quarterly earnings of $0.44 per share in its upcoming report, which represents a year-over-year change of +29.4%.
Revenues are expected to be $299.63 million, up 34.7% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.42% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Eastern Bankshares?For Eastern Bankshares, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -4.11%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination makes it difficult to conclusively predict that Eastern Bankshares will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Eastern Bankshares would post earnings of $0.41 per share when it actually produced earnings of $0.44, delivering a surprise of +7.32%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Eastern Bankshares doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
The upcoming report from Eastern Bankshares, Inc. (EBC - Free Report) is expected to reveal quarterly earnings of $0.44 per share, indicating an increase of 29.4% compared to the year-ago period. Analysts forecast revenues of $299.63 million, representing an increase of 34.7% year over year.
The consensus EPS estimate for the quarter has been revised 0.4% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific Eastern Bankshares metrics that are commonly monitored and projected by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Net interest margin (FTE)' of 3.6%. The estimate is in contrast to the year-ago figure of 3.4%.
According to the collective judgment of analysts, 'Average Balance - Total interest-earning assets' should come in at $28.38 billion. The estimate is in contrast to the year-ago figure of $23.24 billion.
Analysts predict that the 'Total regulatory capital (to risk-weighted assets)' will reach 14.0%. Compared to the current estimate, the company reported 15.2% in the same quarter of the previous year.
Analysts' assessment points toward 'Total non-performing assets' reaching $180.92 million. Compared to the current estimate, the company reported $91.60 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Net Interest Income' will likely reach $252.11 million. The estimate is in contrast to the year-ago figure of $188.90 million.
Based on the collective assessment of analysts, 'Total Noninterest Income' should arrive at $47.92 million. Compared to the present estimate, the company reported $33.50 million in the same quarter last year.
The average prediction of analysts places 'Investment advisory fees' at $18.00 million. The estimate is in contrast to the year-ago figure of $16.40 million.
The consensus estimate for 'Service charges on deposit accounts' stands at $10.65 million. Compared to the current estimate, the company reported $8.30 million in the same quarter of the previous year.
It is projected by analysts that the 'Card Income' will reach $5.77 million. The estimate is in contrast to the year-ago figure of $3.90 million.
Analysts expect 'Net Interest Income (FTE)' to come in at $255.16 million. The estimate is in contrast to the year-ago figure of $193.50 million.
The consensus among analysts is that 'Other non-operating (loss) income' will reach $6.99 million. Compared to the present estimate, the company reported $5.80 million in the same quarter last year.
View all Key Company Metrics for Eastern Bankshares here>>>
Eastern Bankshares shares have witnessed a change of +6.5% in the past month, in contrast to the Zacks S&P 500 composite's +8.6% move. With a Zacks Rank #2 (Buy), EBC is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Eastern Bankshares, Inc. (EBC - Free Report) came out with quarterly earnings of $0.4 per share, missing the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -8.68%. A quarter ago, it was expected that this company would post earnings of $0.41 per share when it actually produced earnings of $0.44, delivering a surprise of +7.32%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Eastern Bankshares, which belongs to the Zacks Banks - Northeast industry, posted revenues of $288.3 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 3.78%. This compares to year-ago revenues of $222.4 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Eastern Bankshares shares have added about 9.9% since the beginning of the year versus the S&P 500's gain of 4.3%.
What's Next for Eastern Bankshares?While Eastern Bankshares has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Eastern Bankshares was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.47 on $306.44 million in revenues for the coming quarter and $1.94 on $1.24 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, LINKBANCORP, Inc. , has yet to report results for the quarter ended March 2026.
This company is expected to post quarterly earnings of $0.21 per share in its upcoming report, which represents a year-over-year change of +5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
LINKBANCORP, Inc.'s revenues are expected to be $30.09 million, down 23% from the year-ago quarter.
For the quarter ended March 2026, Eastern Bankshares, Inc. (EBC - Free Report) reported revenue of $288.3 million, up 29.6% over the same period last year. EPS came in at $0.40, compared to $0.34 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $299.63 million, representing a surprise of -3.78%. The company delivered an EPS surprise of -8.68%, with the consensus EPS estimate being $0.44.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Eastern Bankshares performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency ratio (GAAP): 68.9% versus 55.8% estimated by five analysts on average.Net interest margin (FTE): 3.6% versus 3.6% estimated by five analysts on average.Average Balance - Total interest-earning assets: $28.01 billion compared to the $28.38 billion average estimate based on four analysts.Total non-performing assets: $137.7 million versus $180.92 million estimated by two analysts on average.Total Noninterest Income: $43.6 million versus the five-analyst average estimate of $47.92 million.Net Interest Income: $244.7 million compared to the $252.11 million average estimate based on five analysts.Interest rate swap income: $1 million versus the three-analyst average estimate of $1.41 million.Card Income: $5.8 million compared to the $5.77 million average estimate based on three analysts.Investment advisory fees: $18.3 million versus the three-analyst average estimate of $18 million.Service charges on deposit accounts: $9.9 million versus $10.65 million estimated by three analysts on average.Other non-operating (loss) income: $-1.5 million versus $6.99 million estimated by two analysts on average.Net Interest Income (FTE): $250.8 million versus the two-analyst average estimate of $255.16 million.View all Key Company Metrics for Eastern Bankshares here>>>
Shares of Eastern Bankshares have returned +4.5% over the past month versus the Zacks S&P 500 composite's +9.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
BOSTON--(BUSINESS WIRE)--Eastern Bank today announced a key leadership update within its Commercial Lending Team. Senior Vice President Yongmei Chen has been promoted to Commercial Group Director of Community Development Lending. She succeeds Pamela Feingold, who served in the role until her passing on March 16, 2026. Ms. Chen is a long-tenured Eastern commercial lending leader with over 30 years of banking experience, and has held numerous leadership positions since joining Eastern in 2007. Sh.
Eastern Bankshares is upgraded to a very soft 'Buy' following its merger with HarborOne Bancorp and improved forward outlook. EBC's Q1 2026 results show substantial growth in deposits, loans, and assets under management, with net profit rebounding to $65.3 million. Management projects 2026 net income of ~$408 million, implying a price-to-earnings multiple of 11, below peers, and supporting relative value.
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BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce it has led the financing of Wood Partners' Alta Altitude housing project, a 214-unit luxury, 100% market-rate apartment development in Warwick, RI. Eastern provided a $31 million construction loan for the project, which is located within the City of Warwick's City Centre, a 95-acre Master Plan that calls for more than 1.5 million square feet of office, retail, hotel, commercial and residential space. The luxury property includes high-.
BOSTON--(BUSINESS WIRE)--Eastern Bank today announced it has provided financing to support the conversion of Surety Bond Professionals (SBP), a Massachusetts-based, independent surety-only agency, to a 100% employee-owned company. The financing includes a term loan to facilitate the establishment of an Employee Stock Ownership Plan (ESOP), a revolving line of credit to support the company's ongoing working capital needs, cash management solutions, as well as the availability of a comprehensive.
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BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. (NASDAQ: EBC), the holding company of Eastern Bank, today announced that it will be added to the S&P SmallCap 600® Index, effective prior to the opening of trading on June 22, 2026. The S&P SmallCap 600 Index is widely regarded as one of the premiere benchmarks for small-cap U.S. equities. “Our addition to the S&P SmallCap 600 Index reflects the strength of our business and continued focus on delivering long-term value for customers.
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Vancouver, British Columbia--(Newsfile Corp. - May 1, 2026) - Mineral Road Discovery Inc. (CSE: ROAD) (the "Company" or "ROAD") is pleased to announce that it has closed the first tranche of its non-brokered private placement previously announced on April 8, 2026. The Company has issued 3,000,000 units at a price of $0.06 per unit for proceeds of $180,000 (the "Private Placement"). Each unit consists of one common share and one warrant, each warrant entitling the holder to purchase one common share at a price of $0.08 for a period of three years expiring May 1, 2029. Proceeds will be used for general working capital. All securities issued will be subject to a four month hold period expiring September 2, 2026.
Mineral Road Partners Inc. ("MR Partners"), a company controlled by Damien Reynolds, the Company's Chairman, interim CEO and Director, acquired 3,000,000 units of the Company. As a result, MR Partners now owns, directly and indirectly, 70% of the outstanding shares of the Company or 75.55% assuming exercise of all warrants held by MR Partners and is a "control person" as that term is defined under securities legislation.
MR Partners purchased the units for investment purposes. The Private Placement and the acceptance of the subscription by MR Partners was approved by unanimous resolution of the board of directors of the Company. There was no formal valuation of the Company done in connection with the Private Placement nor has there been such a formal valuation in the past 24 months. The Company relied upon the exemptions contained in Section 5.5(b) and 5.7(b) of Multilateral Instrument 61-101 ("MI 61-101") to avoid the formal valuation and shareholder approval requirements of MI 61-101. For the purposes of Section 5.5(b), the Company does not have any securities listed on any of the stock exchanges set out in Section 5.5(b) and for the purposes of Section 5.7(b) the exemption was available as the consideration paid for the units subscribed for by MR Partners was less than $2,500,000.
The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements. "United States" and "U.S. person" have the respective meanings assigned in Regulation S under the U.S Securities Act.
The Company also announces the resignation of Jason Cubitt as a Director of the Company effective May 1, 2026. The Company wishes to thank Mr. Cubitt for his significant contributions to the Company and wishes him success on his new endeavours.
Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news release.
Not for distribution to United States Newswire Services or for dissemination in the United States
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295559
Source: Mineral Road Discovery Inc.
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Key Takeaways Construction Partners expects Q2 revenue to be up 20.2% YoY on strong infrastructure demand.ROAD projects a loss of five cents per share, down from earnings of eight cents a year ago.Higher costs, labor issues and acquisition expenses may pressure margins despite growth. Construction Partners, Inc. (ROAD - Free Report) is scheduled to report its second-quarter fiscal 2026 results on May 8, before the opening bell.
In the last reported quarter, the company’s adjusted earnings and revenues topped the Zacks Consensus Estimate by 51.6% and 7%, respectively. Also, the bottom and the top lines grew 88% and 44.1% year over year, respectively.
Construction Partners’ earnings topped the consensus mark in two of the trailing four quarters and missed on the remaining two occasions, the average surprise being 85.3%.
How are Estimates Placed for ROAD Stock?The Zacks Consensus Estimate for the company's fiscal second-quarter earnings indicates a loss per share of five cents, which has widened over the past 30 days from four cents per share. The estimated figure indicates a 162.5% year-over-year plunge from earnings per share (EPS) of eight cents.
The consensus mark for revenues is pegged at $687 million, suggesting growth of 20.2% from the year-ago reported figure of $571.7 million.
Factors to Note Ahead of Construction Partners’ Q2 ResultsConstruction Partners’ top-line performance in the fiscal second quarter is expected to have been boosted by the robust public infrastructure spending trends, resulting in increased project activity. Besides, non-residential private construction activity is also likely to have witnessed modest growth trends, supporting the company’s revenue growth. Moreover, its recent acquisitions in Texas and Florida expanded its geographical reach in high-growth regions that feature robust public and private project activity. This provides attractive opportunities for ROAD to expand market share and likely take advantage of its scale.
However, despite strong operational performance and increased market demand, the company’s bottom line is likely to have witnessed a significant downturn during the fiscal second quarter. The tepid scenario is expected to have mainly stemmed from the ongoing economic and geopolitical challenges, like the Iran conflict and labor shortages.
Also, an increase in general and administrative expenses and acquisition-related costs is likely to have taken a toll on the margin growth during the quarter.
Nonetheless, Construction Partners’ profitable business initiatives, including a local market dynamic approach, along with its focus on short-duration and low-risk projects, are likely to enable it to continue its growth momentum in this uncertain market.
What the Zacks Model Unveils for ROADOur proven model conclusively predicts an earnings beat for Construction Partners this time around. The company possesses the right combination of the two key ingredients — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — which increases the odds of an earnings beat.
ROAD’s Earnings ESP: The company has an Earnings ESP of +57.14%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
ROAD’s Zacks Rank: The stock currently carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Recent Construction ReleasesCRH plc (CRH - Free Report) posted an adjusted loss in the first quarter of 2026, which came in wider than the Zacks Consensus Estimate and the value reported a year ago. On the other hand, total revenues topped the consensus mark and grew year over year.
CRH’s top-line growth was driven by positive underlying demand and contributions from recent tuck-in acquisitions, with the company highlighting momentum across infrastructure-led end markets. Cost pressures, along with heavier non-cash charges tied to portfolio actions, created a tougher bridge from revenue growth to per-share results. For 2026, CRH reaffirmed guidance calling for net income of $3.9-$4.1 billion and EPS of $5.60-$6.05.
Quanta Services, Inc. (PWR - Free Report) reported a strong first-quarter 2026 performance, driven by solid execution across both of its operating segments. Management said revenue growth and margin performance exceeded its expectations across the business, supported by the company’s solutions-based model and “execution certainty” from its craft-skilled workforce.
Total backlog was $48.5 billion at March 31, 2026, reflecting continued demand across Quanta’s end markets. For 2026, Quanta now forecasts consolidated revenues of $34.7-$35.2 billion and adjusted EPS of $13.55-$14.25. Adjusted EBITDA is projected to be in the range of $3.49-$3.65 billion, up from the earlier expectation of $3.34–$3.50 billion.
Weyerhaeuser Company (WY - Free Report) reported mixed first-quarter 2026 results with adjusted EPS topping the Zacks Consensus Estimate, while the revenues marginally missed the same. Year over year, the bottom line remained flat while the top line declined. Weyerhaeuser’s first quarter was shaped by a sharp sequential recovery in profitability, with adjusted EBITDA jumping to $308 million, helped by a sizeable conservation easement transaction and improved results across operating segments.
For second-quarter 2026, Timberlands earnings (before special items) and adjusted EBITDA are expected to be comparable with first-quarter 2026 levels. Strategic Land Solutions is expected to step down materially, with earnings about down $80 million and adjusted EBITDA about $70 million lower than the first quarter of 2026.
Revenue Up 35% Compared to Q2 FY25
Adjusted Net Income Up 136% Compared to Q2 FY25
Adjusted EBITDA Up 35% Compared to Q2 FY25
Record Backlog of $3.14 Billion
Company Raises FY26 Outlook
, /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways in local markets throughout the Sunbelt, today reported financial and operating results for the fiscal quarter ended March 31, 2026.
Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "We delivered a strong quarter, driven by exceptional execution across the business. Our teams throughout our family of companies performed at a high level, consistently outperforming on project delivery, productivity, and safety. Favorable weather conditions further supported our ability to advance work efficiently and exceed expectations. Additionally, energy cost volatility had a limited impact on results due to the pass-through nature of our project contracts, as well as the physical hedge inherent to our vertical integration. Strong financial performance in the quarter led to 35 percent growth in both revenue and Adjusted EBITDA, including 11 percent organic revenue growth. Our local teams across our Sunbelt footprint continued to capture meaningful project wins, driving our backlog to a record $3.14 billion. With the peak construction season ahead in the second half of our fiscal year, we are raising our FY 2026 outlook, and we are well-positioned to execute against this record backlog and sustain our growth momentum."
Revenues were $769.2 million in the second quarter of fiscal 2026, an increase of 34.5% compared to $571.7 million in the same quarter last year.
Gross profit was $98.9 million in the second quarter of fiscal 2026, compared to $71.4 million in the same quarter last year.
General and administrative expenses were $63.6 million in the second quarter of fiscal 2026, compared to $46.7 million in the same quarter last year, and as a percentage of total revenues, was 8.3%, compared to 8.2% in the same quarter last year.
Net income was $9.2 million in the second quarter of fiscal 2026 and diluted earnings per share were $0.16, compared to net income of $4.2 million and diluted earnings per share of $0.08 in the same quarter last year.
Adjusted net income(1) was $10.4 million in the second quarter of fiscal 2026, compared to Adjusted net income of $4.4 million in the same quarter last year. Using Adjusted net income, diluted earnings per share would have been $0.18 for the second quarter of fiscal 2026, compared to $0.08 in the same quarter last year.
Adjusted EBITDA(1) in the second quarter of fiscal 2026 was $93.3 million, an increase of 34.6% compared to $69.3 million in the same quarter last year.
Project backlog was a record $3.14 billion at March 31, 2026, compared to $2.84 billion at March 31, 2025 and $3.09 billion at December 31, 2025.
Smith added, "Our performance is a testament to the hard work and dedication of our people. A deeply embedded culture of operational excellence, disciplined project execution, and an unwavering commitment to safety continues to unite our family of companies, driving results and reinforcing CPI's reputation as an acquirer of choice across our eight-state footprint. We were pleased to have completed our latest strategic acquisition in April with the purchase of Four Star Paving by our Tennessee platform company, Pavement Restorations, Inc. ("PRI"). This transaction strengthens our vertical integration of services and enhances our capabilities and scale across the middle Tennessee region. As the Nashville metro area continues to rapidly grow, we are now better positioned than ever to participate in the resulting construction projects and opportunities. Reflecting our strong second quarter results and incorporating the expected contribution of Four Star Paving, we are raising our fiscal 2026 outlook ranges. We remain confident in CPI's growth trajectory and expanding profitability and are focused on delivering long-term value for our investors and other stakeholders."
Fiscal 2026 Outlook
The Company is raising its outlook for fiscal year 2026 with regard to revenue, net income, Adjusted net income, Adjusted EBITDA and Adjusted EBITDA margin as follows:
Revenue in the range of $3.590 billion to $3.650 billion Net income in the range of $159.0 million to $162.0 million Adjusted net income(1) in the range $170.4 million to $174.2 million Adjusted EBITDA(1) in the range of $552.0 million to $564.0 million Adjusted EBITDA margin(1) in the range of 15.38% to 15.45% Ned N. Fleming, III, the Company's Executive Chairman, stated, "We are pleased with our team's strong execution this quarter as we continue to advance CPI's proven growth strategy. Our differentiated business model, built on cost pass-through, vertical integration, and a decentralized partnership approach, remains a powerful and often underappreciated driver of sustainable results. Supported by a strong balance sheet, disciplined leadership, and an expanding Sunbelt footprint, CPI is well-positioned to compound shareholder value through both geographic expansion and increasing operational scale. The long-term demand environment remains compelling. Growing infrastructure repair and maintenance needs, sustained population migration, economic expansion, and rising roadway capacity demands across the Sunbelt continue to create a durable and growing addressable market for our services. Against this powerful backdrop, the Board and I remain highly confident in CPI's long-term trajectory and the significant opportunities ahead."
Conference Call
The Company will conduct a conference call today at 10:00 a.m. Eastern Time (9:00 a.m. Central Time) to discuss financial and operating results for the fiscal quarter ended March 31, 2026. To access the call live by phone, dial (412) 902-0003 and ask for the Construction Partners call at least 10 minutes prior to the start time. A webcast of the call will also be available live and for later replay on the Company's Investor Relations website at www.constructionpartners.net.
About Construction Partners, Inc.
Construction Partners, Inc. is a vertically integrated civil infrastructure company operating in local markets throughout the Sunbelt in Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee and Texas. Supported by its hot-mix asphalt plants, aggregate facilities and liquid asphalt terminals, the Company focuses on the construction, repair and maintenance of surface infrastructure. Publicly funded projects make up the majority of its business and include local and state roadways, interstate highways, airport runways and bridges. The company also performs private sector projects that include paving and sitework for office and industrial parks, shopping centers, local businesses and residential developments. To learn more, visit www.constructionpartners.net.
Certain statements contained herein that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. These statements may be identified by the use of words such as "may," "will," "expect," "should," "anticipate," "intend," "project," "outlook," "believe" and "plan." The forward-looking statements contained in this press release include, without limitation, statements related to financial projections, future events, business strategy, future performance, future operations, backlog, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management. These and other forward-looking statements are based on management's current views and assumptions and involve risks and uncertainties that could significantly affect expected results. Important factors could cause actual results to differ materially from those expressed in the forward-looking statements, including, among others: our ability to successfully manage and integrate acquisitions; failure to realize the expected economic benefits of acquisitions, including future levels of revenues being lower than expected and costs being higher than expected; failure or inability to implement growth strategies in a timely manner; declines in public infrastructure construction and reductions in government funding, including the funding by transportation authorities and other state and local agencies; risks related to our operating strategy; competition for projects in our local markets; risks associated with our capital-intensive business; government requirements and initiatives, including those related to funding for public or infrastructure construction, land usage and environmental, health and safety matters; unfavorable economic conditions and restrictive financing markets; our ability to obtain sufficient bonding capacity to undertake certain projects; our ability to accurately estimate the overall risks, requirements or costs when we bid on or negotiate contracts that are ultimately awarded to us; the cancellation of a significant number of contracts or our disqualification from bidding for new contracts; risks related to adverse weather conditions; our substantial indebtedness and the restrictions imposed on us by the terms thereof; our ability to maintain favorable relationships with third parties that supply us with equipment and essential supplies; our ability to retain key personnel and maintain satisfactory labor relations; property damage, results of litigation and other claims and insurance coverage issues; risks related to our information technology systems and infrastructure; our ability to maintain effective internal control over financial reporting; and the risks, uncertainties and factors set forth under "Risk Factors" in the Company's most recent Annual Report on Form 10-K and its subsequently filed Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date they are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events, or circumstances or other changes affecting such statements except to the extent required by applicable law.
Contact:
Rick Black
Dennard Lascar Investor Relations
[email protected]
(713) 529-6600
(1) Adjusted net income, Adjusted EBITDA and Adjusted EBITDA margin are financial measures not presented in accordance with generally accepted accounting principles ("GAAP"). Please see "Reconciliation of Non-GAAP Financial Measures" at the end of this press release.
- Financial Statements Follow -
Construction Partners, Inc.
Consolidated Statements of Comprehensive Income
(unaudited in thousands, except share and per share data)
For the Three Months
Ended March 31,
For the Six Months
Ended March 31,
2026
2025
2026
2025
Revenues
$ 769,196
$ 571,650
$ 1,578,665
$ 1,133,230
Cost of revenues
670,343
500,300
1,358,312
985,309
Gross profit
98,853
71,350
220,353
147,921
General and administrative expenses
(63,596)
(46,662)
(125,097)
(90,928)
Acquisition-related expenses
(2,480)
(806)
(14,109)
(20,358)
Gain on sale of property, plant and equipment, net
4,606
3,407
6,645
4,462
Operating income
37,383
27,289
87,792
41,097
Interest expense, net
(25,590)
(21,592)
(52,960)
(39,722)
Other income (expense)
276
(159)
23
262
Income before provision for income taxes and earnings from
investment in joint venture
12,069
5,538
34,855
1,637
Provision for income taxes
2,889
1,310
8,469
461
Loss from investment in joint venture
—
(13)
(1)
(12)
Net income
9,180
4,215
26,385
1,164
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on interest rate swap contract, net
58
(2,890)
(1,152)
(21)
Unrealized gain (loss) on restricted investments, net
(158)
231
(122)
(102)
Other comprehensive (loss)
(100)
(2,659)
(1,274)
(123)
Comprehensive income
$ 9,080
$ 1,556
$ 25,111
$ 1,041
Net income per share attributable to common stockholders:
Basic
$ 0.16
$ 0.08
$ 0.47
$ 0.02
Diluted
$ 0.16
$ 0.08
$ 0.47
$ 0.02
Weighted average number of common shares outstanding:
Basic
55,917,842
55,248,526
55,860,888
54,698,442
Diluted
56,256,531
55,669,646
56,150,804
55,141,358
Construction Partners, Inc.
Consolidated Balance Sheets
(in thousands, except share and per share data)
March 31,
September 30,
2026
2025
ASSETS
(unaudited)
Current assets:
Cash and cash equivalents
$ 76,860
$ 156,062
Restricted cash
120
2,953
Contracts receivable including retainage, net
515,650
549,884
Costs and estimated earnings in excess of billings on uncompleted contracts
64,539
45,340
Inventories
176,802
155,133
Prepaid expenses and other current assets
28,424
25,459
Total current assets
862,395
934,831
Property, plant and equipment, net
1,265,112
1,153,070
Operating lease right-of-use assets
95,724
76,355
Goodwill
1,097,535
943,309
Intangible assets, net
76,391
79,230
Investment in joint venture
—
72
Restricted investments
16,150
23,176
Other assets
25,450
28,813
Total assets
$ 3,438,757
$ 3,238,856
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable
$ 290,346
$ 284,218
Billings in excess of costs and estimated earnings on uncompleted contracts
142,185
129,300
Current portion of operating lease liabilities
26,807
19,867
Current maturities of long-term debt
38,500
38,500
Accrued expenses and other current liabilities
66,472
110,163
Total current liabilities
564,310
582,048
Long-term liabilities:
Long-term debt, net of current maturities and deferred debt issuance costs
1,710,699
1,573,614
Operating lease liabilities, net of current portion
69,461
57,201
Deferred income taxes, net
83,543
80,079
Other long-term liabilities
31,359
33,951
Total long-term liabilities
1,895,062
1,744,845
Total liabilities
2,459,372
2,326,893
Stockholders' equity:
Preferred stock, par value $0.001; 10,000,000 shares authorized and no shares issued
and outstanding at March 31, 2026 and September 30, 2025
—
—
Class A common stock, par value $0.001; 400,000,000 shares authorized, 48,710,906 shares
issued and 47,965,450 shares outstanding at March 31, 2026 and 47,963,617 shares issued
and 47,406,498 shares outstanding at September 30, 2025
48
47
Class B common stock, par value $0.001; 100,000,000 shares authorized, 11,481,568 shares
issued and 8,549,118 shares outstanding at March 31, 2026 and 11,463,770 shares issued
and 8,538,165 shares outstanding at September 30, 2025
12
12
Additional paid-in capital
609,457
541,179
Treasury stock, Class A common stock, par value $0.001, at cost, 745,456 shares at March
31, 2026 and 557,119 shares at September 30, 2025
(59,770)
(34,589)
Treasury stock, Class B common stock, par value $0.001, at cost, 2,932,450 shares at
March 31, 2026 and 2,925,605 shares at September 30, 2025
(16,833)
(16,046)
Accumulated other comprehensive income, net
3,095
4,369
Retained earnings
443,376
416,991
Total stockholders' equity
979,385
911,963
Total liabilities and stockholders' equity
$ 3,438,757
$ 3,238,856
Construction Partners, Inc.
Consolidated Statements of Cash Flows
(in thousands)
For the Six Months Ended
March 31,
2026
2025
Cash flows from operating activities:
Net income
$ 26,385
$ 1,164
Adjustments to reconcile net income to net cash, cash equivalents and restricted cash provided by
operating activities:
Depreciation, depletion, accretion and amortization
91,299
68,447
Amortization of deferred debt issuance costs
1,335
2,211
Provision for bad debt
282
172
Gain on sale of property, plant and equipment
(6,645)
(4,462)
Realized loss on sales, calls and maturities of restricted investments
(12)
44
Share-based compensation expense
22,410
18,883
Distribution of earnings from investment in joint venture
71
—
Loss from investment in joint venture
1
12
Deferred income tax benefit
3,808
(1,480)
Other non-cash adjustments
(495)
(488)
Changes in operating assets and liabilities, net of business acquisitions:
Contracts receivable including retainage
58,752
49,336
Costs and estimated earnings in excess of billings on uncompleted contracts
(16,105)
(15,007)
Inventories
(9,780)
(4,387)
Prepaid expenses and other current assets
(1,428)
5,248
Other assets
2,108
(824)
Accounts payable
(11,082)
(27,606)
Billings in excess of costs and estimated earnings on uncompleted contracts
1,717
5,294
Accrued expenses and other current liabilities
(9,124)
567
Other long-term liabilities
(5,724)
(827)
Net cash provided by operating activities, net of business acquisitions
147,773
96,297
Cash flows from investing activities:
Purchases of property, plant and equipment
(81,728)
(68,226)
Proceeds from sale of property, plant and equipment
13,502
5,991
Proceeds from sales, calls and maturities of restricted investments
9,449
3,940
Business acquisitions, net of cash acquired
(275,875)
(828,736)
Purchase of restricted investments
(2,448)
(6,202)
Net cash used in investing activities
(337,100)
(893,233)
Cash flows from financing activities:
Proceeds from revolving credit facility
185,000
145,000
Proceeds from issuance of long-term debt, net of debt issuance costs
—
834,566
Settlement of stock awards
(2,490)
—
Repayments of long-term debt
(49,250)
(135,601)
Purchase of treasury stock
(25,968)
(20,129)
Net cash provided by financing activities
107,292
823,836
Net change in cash, cash equivalents and restricted cash
(82,035)
26,900
Cash, cash equivalents and restricted cash:
Cash, cash equivalents and restricted cash, beginning of period
159,015
76,684
Cash, cash equivalents and restricted cash, end of period
$ 76,980
$ 103,584
Supplemental cash flow information:
Cash paid for interest
$ 51,341
$ 35,788
Cash paid for income taxes
$ 4,030
$ 1,888
Cash paid for operating lease liabilities
$ 14,705
$ 7,191
Non-cash items:
Operating lease right-of-use assets obtained in exchange for operating lease liabilities
$ 30,910
$ 20,613
Property, plant and equipment financed with accounts payable
$ 9,694
$ 6,783
Amounts (receivable) payable to sellers in business combinations, net
$ (2,064)
$ 84,119
Reconciliation of Non-GAAP Financial Measures
Adjusted EBITDA represents net income before, as applicable from time to time, (i) interest expense, net, (ii) provision (benefit) for income taxes, (iii) depreciation, depletion, accretion and amortization, (iv) share-based compensation expense, (v) loss on the extinguishment of debt, and (vi) nonrecurring expenses related to transformative acquisitions, which management considers to include transactions of a size that would require clearance under federal antitrust laws. Adjusted EBITDA margin represents Adjusted EBITDA as a percentage of revenues for each period. Adjusted net income represents net income before (i) nonrecurring expenses related to transformative acquisitions, which management considers to include transactions of a size that would require clearance under federal antitrust laws, and (ii) nonrecurring fees associated with financing arrangements incurred in connection with transformative acquisitions. These metrics are supplemental measures of our operating performance that are neither required by, nor presented in accordance with, GAAP. These measures have limitations as analytical tools and should not be considered in isolation or as an alternative to net income or any other performance measure derived in accordance with GAAP as an indicator of our operating performance. We present Adjusted EBITDA, Adjusted EBITDA margin and Adjusted net income because management uses these measures as key performance indicators, and we believe that securities analysts, investors and others use these measures to evaluate companies in our industry. Our calculation of Adjusted EBITDA, Adjusted EBITDA margin and Adjusted net income may not be comparable to similarly named measures reported by other companies. Potential differences may include differences in capital structures, tax positions and the age and book depreciation of intangible and tangible assets.
The following tables present a reconciliation of net income, the most directly comparable measure calculated in accordance with GAAP, to (i) Adjusted net income and (ii) Adjusted EBITDA (with the resulting calculation of Adjusted EBITDA margin) for the applicable periods.
Construction Partners, Inc.
Net Income to Adjusted EBITDA Reconciliation
Three Months Ended March 31, 2026 and 2025
(in thousands, except percentages)
For the Three Months
Ended March 31,
2026
2025
Net income
$ 9,180
$ 4,215
Interest expense, net
25,590
21,592
Provision for income taxes
2,889
1,310
Depreciation, depletion, accretion and amortization
46,269
37,263
Share-based compensation expense
7,818
4,672
Transformative acquisition expenses
1,573
221
Adjusted EBITDA
$ 93,319
$ 69,273
Revenues
$ 769,196
$ 571,650
Adjusted EBITDA margin
12.13 %
12.12 %
Construction Partners, Inc.
Net Income to Adjusted Net Income Reconciliation
Three Months Ended March 31, 2026 and 2025
(in thousands)
For the Three Months
Ended March 31,
2026
2025
Net income
$ 9,180
$ 4,215
Transformative acquisition expenses
1,573
221
Financing fees related to transformative acquisition
—
—
Tax impact due to above reconciling items
(385)
(53)
Adjusted net income
$ 10,368
$ 4,383
Construction Partners, Inc.
Net Income to Adjusted EBITDA Reconciliation
Fiscal Year 2026 Updated Outlook
(unaudited, in thousands, except percentages)
For the Fiscal Year Ending
September 30, 2026
Low
High
Net income
$ 159,000
$ 162,000
Interest expense, net
111,000
113,000
Provision for income taxes
51,500
52,500
Depreciation, depletion, accretion and amortization
188,500
192,500
Share-based compensation expense
28,000
29,000
Transformative acquisition expenses
14,000
15,000
Adjusted EBITDA
$ 552,000
$ 564,000
Revenues
$ 3,590,000
$ 3,650,000
Adjusted EBITDA margin
15.38 %
15.45 %
Construction Partners, Inc.
Net Income to Adjusted Net Income Reconciliation
Fiscal Year 2026 Updated Outlook
(unaudited, in thousands)
For the Fiscal Year Ending
September 30, 2026
Low
High
Net income
$ 159,000
$ 162,000
Transformative acquisition expenses
14,000
15,000
Financing fees related to transformative acquisition
Construction Partners (ROAD - Free Report) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of a loss of $0.05 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +485.44%. A quarter ago, it was expected that this road and highway construction company would post earnings of $0.31 per share when it actually produced earnings of $0.47, delivering a surprise of +51.61%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Construction Partners, which belongs to the Zacks Building Products - Miscellaneous industry, posted revenues of $769.2 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 11.96%. This compares to year-ago revenues of $571.65 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Construction Partners shares have added about 21% since the beginning of the year versus the S&P 500's gain of 7.2%.
What's Next for Construction Partners?While Construction Partners has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Construction Partners was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.10 on $983 million in revenues for the coming quarter and $2.87 on $3.55 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Miscellaneous is currently in the bottom 25% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Advanced Drainage Systems (WMS - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 21.
This maker of water drainage systems and pipes is expected to post quarterly earnings of $1.00 per share in its upcoming report, which represents a year-over-year change of -2.9%. The consensus EPS estimate for the quarter has been revised 1.8% lower over the last 30 days to the current level.
Advanced Drainage Systems' revenues are expected to be $660.38 million, up 7.3% from the year-ago quarter.
Key Takeaways BLS Jobs Numbers Hit 115K, More than Double the Expected 55KUnemployment Rate Remained Steady at 4.3%WEN, BAM, ROAD Beat Q1 Estimates, MSGS Misses Friday, May 8th, 2026
Much as we saw in Wednesday’s private-sector payrolls from ADP (ADP), this morning’s Employment Situation report from the U.S. Bureau of Labor Statistics (BLS) was better than expected: +115K new jobs were filled in April, more than double the +55K consensus estimate. The Unemployment Rate remained steady at +4.3%.
This makes three of the past four months with positive jobs growth. Not only that, but all three of those months — +160K in January, and upwardly revised +185K for March and now +115K — were up by triple digits. (February was revised -23K lower, to -156K — the deepest month of negative jobs growth since the Covid pandemic.) Four of the previous eight months showed negative jobs growth on BLS; for ADP it was four straight months in early 2025. We’re clearly off the lows in the U.S. labor market.
Also as we saw in ADP’s report, Healthcare led the way in jobs growth by industry: +37K. This is followed by Transportation/Warehousing jobs at +30K and Retail Trade, +22K. Information jobs shed -13K (negative for the 16th straight week: is this AI related, or is it too early to tell?), the Federal government -9K and Manufacturing -2K. In general, it’s lower-paying jobs leading the way currently; we see this change when Professional/Business Services and Financials are among the sector leaders.
Wage growth tamed somewhat last month: +0.2% from the expected +0.3% and in-line with the prior month. Year over year, +3.6% missed estimates by 20 basis points (bps), but was up 10 bps month over month. The Average Workweek ticked up slightly to 34.3 hours, but Labor Force Participation languished down near 50-year lows to 61.8%. U-6 (aka “real unemployment”) ratcheted up +20 bps to +8.2%, and half a point higher than the +7.7% we saw last July.
In all, we’re seeing what outgoing Fed Chair Jerome Powell has been seeing: the domestic labor market has been holding its own. Perhaps we could stand a little higher quality within that jobs growth, but compared to where we had been — and where many feared we were headed — the market has to feel placated overall.
Pre-market futures, which had already been in the green ahead of this report, boosted further on the news. We shortly thereafter retreated from early highs, but the Dow is +119 points at this hour, the S&P 500 +32 points, the Nasdaq +210 and the small-cap Russell +13 points.
Earnings Results at a Glance
By sheer volume of the number of companies reporting, this is the busiest week of Q1 earnings season (so far — next week will bring over a thousand quarterly posts, as well). We’ve exhausted most of the marquee names, with NVIDIA (NVDA - Free Report) the final “Mag 7” company to report in a couple weeks, but we have plenty of stories being told ahead of today’s opening bell:
Wendy’s (WEN - Free Report) beat bottom-line estimates by +20% to +$0.12 per share (though still well below the +$0.20 per share reported in the year-ago quarter). This was good enough to se the stock gain nearly +4% at this hour, still digging out from its -16.5% hole, year to date. For more on WEN’s earnings, click here.
Brookfield Asset Management (BAM - Free Report) outpaced estimates by a solid penny to +$0.43 per share this morning, and pre-market shares swung to a positive +1% as a result. The alt-energy infrastructure investment company is still down more than -5% year to date.
Construction Partners (ROAD - Free Report) swung to a big positive earnings surprise this morning: +$0.18 per share from an expected negative print of -$0.05, for an impressive +460% earnings surprise. The infrastructure company also raised guidance, and shares are up +6.5% so far this morning.
Madison Square Garden (MSGS - Free Report) , however, despite the New York Knicks’ success in the NBA so far this year, posted a big miss: -$0.78 per share versus a positive +$0.66 anticipated. Shares are flat on the news, but the -218% negative surprise is something to be improved upon. The stock is +28.5% year to date.
Questions or comments about this article and/or author? Click here>>
Zacks' 7 Best Strong Buy Stocks (New Research Report) Valued at $99, click below to receive our just-released report predicting the 7 stocks that will soar highest in the coming month.
Church & Dwight (NYSE:CHD) Director Robert Shearer Sells 8,600 SharesChurch & Dwight Co., Inc. (NYSE:CHD - Get Free Report) Director Robert Shearer sold 8,600 shares of the business's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $97.97, for a total transaction of $842,542.00. Following the completion of the sale, the director directly owned 30,678 shares in the company, valued at $3,005,523.66. This trade represents a 21.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
On May 12, 2026, Construction Partners Inc ROAD shares fell 3.8% to a current price of $135.45. This decline comes amidst a 52-week price range of $91.72 to $151.00, showcasing notable volatility. Despite today's drop, ROAD has experienced a strong performance over the past year, gaining 41.5%.
GF Value™ verdict: The current price of $135.45 is 23.9% above the GF Value™ estimate of $109.30, indicating the stock is overvalued.GF Score™: With a score of 93/100, ROAD is rated as strong, suggesting robust potential in its fundamentals.Most notable signal: The company has seen no insider transactions in the last three months, which may indicate a lack of confidence or activity from insiders. Is ROAD Overvalued or Undervalued? Currently, Construction Partners Inc ROAD is trading at $135.45, which is 23.9% above the GF Value™ of $109.30. This suggests that the stock is overvalued, presenting a risk for potential investors. The GF Valuation label identifies ROAD as modestly overvalued, implying that while the company has strong operational performance, its current market price does not reflect its intrinsic value accurately. Investors may want to consider this discrepancy when assessing their positions.
The margin of safety for investors is minimal at this stage, as the stock is trading significantly above its estimated fair value. Such a scenario may lead to price corrections in the future, particularly if market conditions shift or if the company's performance does not meet high expectations. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
How Does ROAD's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 59.4x 65.1x Forward P/E 48.4x The current P/E (TTM) of 59.4x is 9% below its 5-year median of 65.1x, suggesting that the stock is trading at a lower valuation compared to its historical average. However, the forward P/E of 48.4x indicates potential future growth, though it is essential to consider that the P/E analysis aligns with the GF Value™ verdict of being overvalued. The lower P/E ratio could imply that the market may be pricing in a slowdown in growth, which investors should keep in mind.
What Does ROAD's GF Score™ Tell Us? Metric Rating GF Score™ 93/100 Financial Strength 5/10 Profitability 9/10 Growth 10/10 Valuation 5/10 Momentum 8/10 The GF Score™ of 93/100 indicates that Construction Partners Inc ROAD has strong potential based on its fundamentals. The strongest aspect of the score is its Growth rank of 10/10, reflecting impressive growth metrics. Conversely, the Financial Strength rank of 5/10 suggests that the company may not be as robust in terms of its balance sheet and financial stability, which investors should consider when evaluating the overall investment potential.
What Are Insiders Doing with ROAD Stock? In the last three months, there have been no insider transactions reported for Construction Partners Inc ROAD . This lack of activity could indicate that insiders are either confident in the company’s performance or that they are waiting for a more opportune moment to buy or sell shares. The absence of insider buying may raise concerns regarding potential future performance, as insider transactions often provide insights into management's confidence in the company's direction.
What This Means for Investors Based on the GF Value™ assessment, Construction Partners Inc ROAD is currently overvalued at a price of $135.45 compared to its GF Value™ of $109.30. Investors might want to exercise caution when considering positions, given the potential for a price correction due to the current overvaluation.
For the complete analysis, visit the Construction Partners Inc ROAD stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is ROAD's GF Score™?
ROAD has a GF Score™ of 93/100, indicating strong potential based on its fundamentals and historical performance.
Is ROAD overvalued or undervalued?
According to the GF Value™ assessment, ROAD is overvalued at a current price of $135.45 compared to its GF Value™ of $109.30.
What is ROAD's P/E ratio?
ROAD's P/E (TTM) is 59.4x, which is 9% below its 5-year median of 65.1x, indicating that it is trading at a lower valuation compared to its historical average.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Key Takeaways Construction Partners' Q2 revenues and adjusted EBITDA both jumped 35% year over year.ROAD backlog hit a record $3.14B, with most next-12-month revenue already secured.Data center demand and acquisitions are fueling growth across key Sunbelt markets. Construction Partners, Inc. (ROAD - Free Report) appears to be moving faster than expected toward its ambitious ROAD 2030 targets, thanks to booming infrastructure demand, aggressive acquisitions and rising commercial opportunities across the Sunbelt.
The company delivered an impressive second-quarter fiscal 2026 performance, with revenues jumping 35% year over year to $769.2 million. Adjusted EBITDA also climbed 35% to $93.3 million, while backlog hit a record $3.14 billion. Management noted that nearly 80-85% of the next 12 months’ revenues are already secured in backlog, providing strong visibility heading into the busy construction season.
ROAD continues to benefit from robust public infrastructure spending and surging private-sector activity tied to data centers, warehouses and manufacturing projects. The company highlighted multiple data center contracts across Texas and Alabama, reinforcing how AI-driven infrastructure investment is becoming a meaningful tailwind. Acquisitions are also playing a major role. The company completed its fourth acquisition of fiscal 2026 with Four Star Paving in Tennessee, extending its commercial paving reach in the fast-growing Nashville market. Management emphasized that the fragmented nature of the paving industry continues to create attractive consolidation opportunities.
Importantly, margins remain resilient despite energy volatility. Construction Partners’ vertically integrated liquid asphalt operations, fuel hedging strategy and indexed contracts helped cushion commodity swings during the second quarter of fiscal 2026. Encouraged by strong execution and favorable demand trends, management raised fiscal 2026 guidance and reaffirmed confidence in achieving its ROAD 2030 plan, which targets doubling its size, generating $1 billion in annual EBITDA and expanding EBITDA margins to roughly 17%.
Construction Partners vs. Sterling vs. AECOM: Who Leads Now?Construction Partners is capitalizing on booming Sunbelt infrastructure demand through asphalt paving and road construction. Market competitors like Sterling Infrastructure, Inc. (STRL - Free Report) and AECOM (ACM - Free Report) are pursuing broader engineering and construction management opportunities tied to mega infrastructure and mission-critical projects.
Sterling Infrastructure has been leveraging rapid growth in e-infrastructure, data centers and manufacturing projects to complement its transportation business. Its strategy increasingly emphasizes higher-margin specialty construction services and large private-sector opportunities tied to U.S. reindustrialization trends. Conversely, AECOM operates from a different angle, focusing more on engineering, consulting and program management than direct construction execution. The company is benefiting from long-duration infrastructure modernization, environmental projects, transit systems and global urban development initiatives. Its asset-light model and exposure to large public-sector design contracts provide stability, though execution cycles can be longer.
Overall, Construction Partners stands out for its asphalt-driven local market dominance and acquisitive growth model, while Sterling Infrastructure and AECOM offer broader exposure to diversified infrastructure and engineering megatrends.
ROAD Stock’s Price Performance & Valuation TrendShares of this Alabama-based civil infrastructure company have gained 13.5% year to date, outperforming the Zacks Building Products - Miscellaneous industry and the S&P 500 Index, but underperforming the broader Construction sector.
Image Source: Zacks Investment Research
ROAD stock is currently trading at a premium compared with the industry peers, with a forward 12-month price-to-earnings (P/E) ratio of 37.92, as the trend lines suggest below.
Image Source: Zacks Investment Research
Earnings Estimate Trend Favors ROADROAD’s earnings estimates for fiscal 2026 and fiscal 2027 have moved upward in the past seven days to $2.95 and $3.72 per share, respectively. The revised estimates for fiscal 2026 and fiscal 2027 imply year-over-year growth of 34.1% and 25.9%, respectively.
Image Source: Zacks Investment Research
Construction Partners currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.
That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.
However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
Our proprietary system currently recommends Construction Partners (ROAD - Free Report) as one such stock. This company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better.
While there are numerous reasons why the stock of this road and highway construction company is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings GrowthArguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Construction Partners is 57.9%, investors should actually focus on the projected growth. The company's EPS is expected to grow 34.2% this year, crushing the industry average, which calls for EPS growth of 11%.
Cash Flow GrowthWhile cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds.
Right now, year-over-year cash flow growth for Construction Partners is 67.8%, which is higher than many of its peers. In fact, the rate compares to the industry average of 11.7%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 28% over the past 3-5 years versus the industry average of 9.9%.
Promising Earnings Estimate RevisionsBeyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The current-year earnings estimates for Construction Partners have been revising upward. The Zacks Consensus Estimate for the current year has surged 2.3% over the past month.
Bottom LineConstruction Partners has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination positions Construction Partners well for outperformance, so growth investors may want to bet on it.
Construction Partners, Inc. ROAD has gained 13.5% in the past month, outperforming the Zacks Building Products - Miscellaneous industry, the broader Construction sector and the S&P 500 index. Recently, on May 8, 2026, the company reported its second-quarter fiscal 2026 earnings, which reflected strong momentum owing to the robust public infrastructure spending and surging private-sector activity tied to data centers, warehouses and manufacturing projects.
Key Takeaways ROAD's $3.14B backlog covers about 80%-85% of the next 12 months' contract revenues.ROAD raised FY26 revenue and adjusted EBITDA guidance after a strong Q2.ROAD is gaining from Sunbelt infrastructure demand, data centers, warehouses and acquisitions. Construction Partners, Inc.’s (ROAD - Free Report) record $3.14 billion backlog as of the second quarter of fiscal 2026 suggests solid revenue visibility and potential upside for the fiscal year. The backlog increased 10.6% year over year to $2.84 billion, reflecting continued project wins and strong demand across its markets. Management said this backlog covers roughly 80% to 85% of the next 12 months’ contract revenues, giving the company a strong foundation heading into peak construction season.
The upside case is supported by strong demand across both public and private markets. On the public side, Sunbelt infrastructure spending remains healthy, with state and local DOT awards expected to rise 10% to 15% in 2026. On the private side, Construction Partners is benefiting from commercial projects tied to data centers, warehouses and reindustrialization, including approximately $100 million of data center work in Texas and $28 million of warehouse projects in Tennessee.
The expanding backlog is also supporting stronger guidance. Following solid second-quarter fiscal 2026 results, ROAD raised its fiscal 2026 outlook, projecting revenues of $3.59-$3.65 billion versus the prior range of $3.48-$3.56 billion. Adjusted EBITDA guidance was also increased to $552-$564 million from the earlier $534-$550 million range, reflecting confidence in project execution and contributions from recent acquisitions, including Four Star Paving.
Overall, Construction Partners’ backlog is not just increasing but diversified, given it is backed by broad-based demand, Sunbelt exposure, acquisitive growth and strong project visibility. While management noted that backlog can decline sequentially during the busy construction season as work is executed, the company still expects to keep bidding selectively and continue building backlog over time. This supports the view that ROAD’s $3.14 billion backlog could signal further upside ahead.
ROAD Faces Stiff Competition From Sterling & AECOMConstruction Partners is benefiting from strong Sunbelt infrastructure demand, supported by its asphalt-focused model, and exposure to public roadwork, commercial projects, data centers and warehouses. Market competitors like Sterling Infrastructure, Inc. (STRL - Free Report) and AECOM (ACM - Free Report) are also capitalizing on infrastructure modernization, mission-critical construction and long-term public spending trends.
Sterling has recently delivered exceptional momentum in mission-critical site development. In the first quarter of 2026, revenues surged 92% year over year, adjusted EBITDA more than doubled and margins reached a record 20%. Growth was driven by the E-Infrastructure segment, where revenues climbed 174% on strong hyperscale data center demand, semiconductor-related awards and expanding multi-year customer programs. Sterling’s backlog reached $5.2 billion, including more than $5 billion of visibility within E-Infrastructure alone.
AECOM is a leading solutions provider, offering professional, technical and management services across diverse industries and end markets. The company is benefiting from long-duration infrastructure modernization, environmental projects, transit systems and global urban development initiatives. As of March 31, 2026, the total backlog increased 8% year over year to $26.2 billion. AECOM’s design business delivered a solid 1.2x book-to-burn ratio. This marks the 22nd consecutive quarter with a book-to-burn ratio above 1.0, reflecting sustained demand.
ROAD Stock’s Price Performance & Valuation TrendShares of this Alabama-based civil infrastructure company have gained 2.8% year to date, outperforming the Zacks Building Products - Miscellaneous industry, but underperforming the broader Construction sector and the S&P 500 Index.
Image Source: Zacks Investment Research
ROAD stock is currently trading at a premium compared with the industry peers, with a forward 12-month price-to-earnings (P/E) ratio of 33.45, as the trend lines suggest below.
Image Source: Zacks Investment Research
Earnings Estimate Trend Favors ROADROAD’s earnings estimates for fiscal 2026 and fiscal 2027 have moved upward in the past 30 days to $2.95 and $3.72 per share, respectively. The revised estimates for fiscal 2026 and fiscal 2027 imply year-over-year growth of 34.1% and 25.9%, respectively.
Image Source: Zacks Investment Research
Construction Partners currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Vancouver, British Columbia--(Newsfile Corp. - May 21, 2026) - Mineral Road Discovery Inc. (CSE: ROAD) (the "Company" or "ROAD") announces that, further to its news releases of April 8th and May 1st, 2026, the Canadian Securities Exchange has granted an extension to the deadline for filing final documentation for the private placement to July 6, 2026. Proceeds will be used for general working capital.
Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news release.
Not for distribution to United States Newswire Services or for dissemination in the United States
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298486
Construction Partners (ROAD - Free Report) closed the last trading session at $116.29, gaining 0.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $155.25 indicates a 33.5% upside potential.
The average comprises four short-term price targets ranging from a low of $135.00 to a high of $169.00, with a standard deviation of $14.52. While the lowest estimate indicates an increase of 16.1% from the current price level, the most optimistic estimate points to a 45.3% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.
But, for ROAD, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.
Price, Consensus and EPS Surprise
Here's What You May Not Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Here's Why There Could be Plenty of Upside Left in ROADThere has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current year, two estimates have moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 3%.
Moreover, ROAD currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Therefore, while the consensus price target may not be a reliable indicator of how much ROAD could gain, the direction of price movement it implies does appear to be a good guide.
Key Takeaways Construction Partners highlights Texas and Alabama data center projects tied to AI infrastructure growth.ROAD reported a record $3.14B backlog, with 80-85% of the next 12 months' revenue secured.Construction Partners sees commercial demand rising alongside strong public infrastructure spending. Construction Partners, Inc. (ROAD - Free Report) is increasingly emerging as an indirect beneficiary of America’s booming data center expansion, as hyperscale technology investments fuel demand for road, paving and site development work across the Sunbelt.
The company highlighted several data center-related projects during its fiscal second-quarter 2026 earnings call, underscoring how AI-driven infrastructure growth is becoming a meaningful tailwind. In Texas, Four Star Paving is currently involved in a portfolio of eight data center projects valued at nearly $100 million. Meanwhile, Wiregrass Construction in Alabama is participating in a Mag 7 data center project, signaling growing exposure to large-scale technology infrastructure development.
Management emphasized that data center opportunities are steadily becoming a larger part of its commercial project mix as developers expand aggressively across high-growth Sunbelt markets. The ongoing reindustrialization trend, coupled with rising AI computing demand, continues driving investments in manufacturing hubs, warehouses and digital infrastructure facilities in states where Construction Partners operates. Importantly, ROAD’s strong local-market presence and decentralized operating model position it well to capture recurring commercial opportunities tied to these developments. At the same time, public infrastructure spending remains healthy, creating a favorable dual-demand environment.
Construction Partners is also benefiting from a record $3.14 billion backlog, supported by both public and private-sector projects. Management noted that approximately 80-85% of the next 12 months’ expected revenues are already secured in backlog, providing strong visibility. While roadway maintenance remains its core business, the accelerating data center boom is clearly opening a promising new growth avenue for Construction Partners.
Construction Partners vs. Primoris vs. Quanta: Who Taps on the Megatrends?Riding the meaningful market tailwinds surrounding data center demand growth, Construction Partners faces notable competition from key market players like Primoris Services Corporation (PRIM - Free Report) and Quanta Services, Inc. (PWR - Free Report) .
Primoris Services capitalizes on the rising demand for power, utilities and renewable infrastructure linked to data centers and industrial expansion. PRIM’s engineering and specialty contracting expertise position it well to benefit from grid modernization, energy transition projects and large industrial construction opportunities emerging from AI-related electricity demand growth.
Meanwhile, Quanta remains one of the strongest beneficiaries of AI infrastructure spending, as hyperscale data centers require massive transmission, substation and power-grid investments. Quanta’s record backlog reflects surging utility spending, electrification trends and long-term demand for resilient energy infrastructure. Together, all three companies are benefiting from the intersection of AI growth, reindustrialization and expanding U.S. infrastructure investment cycles.
ROAD Stock’s Price Performance & Valuation TrendShares of this Alabama-based civil infrastructure company have gained 7.2% year to date, outperforming the Zacks Building Products - Miscellaneous industry, but underperforming the broader Zacks Construction sector and the S&P 500 Index.
Image Source: Zacks Investment Research
ROAD stock is currently trading at a premium compared with the industry peers, with a forward 12-month price-to-earnings (P/E) ratio of 33.66, as the trend lines suggest below.
Image Source: Zacks Investment Research
Earnings Estimate Trend of ROADROAD’s earnings estimates for fiscal 2026 and fiscal 2027 have trended upward in the past 30 days to $2.95 and $3.72 per share, respectively. The revised estimates for fiscal 2026 and fiscal 2027 imply year-over-year growth of 34.1% and 25.9%, respectively.
Image Source: Zacks Investment Research
Construction Partners currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.
By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.
However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
Our proprietary system currently recommends Construction Partners (ROAD - Free Report) as one such stock. This company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
While there are numerous reasons why the stock of this road and highway construction company is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings GrowthArguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Construction Partners is 57.9%, investors should actually focus on the projected growth. The company's EPS is expected to grow 34.2% this year, crushing the industry average, which calls for EPS growth of 9.6%.
Cash Flow GrowthCash is the lifeblood of any business, but higher-than-average cash flow growth is more beneficial and important for growth-oriented companies than for mature companies. That's because, high cash accumulation enables these companies to undertake new projects without raising expensive outside funds.
Right now, year-over-year cash flow growth for Construction Partners is 67.8%, which is higher than many of its peers. In fact, the rate compares to the industry average of 12.8%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 28% over the past 3-5 years versus the industry average of 9.9%.
Promising Earnings Estimate RevisionsBeyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
There have been upward revisions in current-year earnings estimates for Construction Partners. The Zacks Consensus Estimate for the current year has surged 3% over the past month.
Bottom LineConstruction Partners has not only earned a Growth Score of A based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination positions Construction Partners well for outperformance, so growth investors may want to bet on it.
Vancouver, British Columbia--(Newsfile Corp. - June 5, 2026) - Mineral Road Discovery Inc. (CSE: ROAD) (the "Company" or "ROAD") is pleased to announce that, further to its news releases of April 8th, May 1st, May 21st and May 29th, 2026, it has closed the second tranche of its non-brokered private placement. The Company has issued an additional 3,000,000 units at a price of $0.06 per unit for proceeds of $180,000 (the "Private Placement"). Each unit consists of one common share and one warrant, with each warrant entitling the holder to purchase one common share at a price of $0.08 for a period of three years expiring June 3, 2029. Proceeds will be used for general working capital. All securities issued will be subject to a four month hold period expiring October 4, 2026.
Mineral Road Partners Inc. ("MR Partners"), a company controlled by Damien Reynolds, the Company's Chairman, interim CEO and Director, acquired 500,000 units of the Company. As a result, MR Partners now owns, directly and indirectly, 66.27% of the outstanding shares of the Company or 72.42% assuming exercise of all warrants held by MR Partners and is a "control person" as that term is defined under securities legislation.
MR Partners purchased the units for investment purposes. The Private Placement and the acceptance of the subscription by MR Partners was approved by unanimous resolution of the board of directors of the Company. There was no formal valuation of the Company done in connection with the Private Placement nor has there been such a formal valuation in the past 24 months. The Company relied upon the exemptions contained in Section 5.5(b) and 5.7(b) of Multilateral Instrument 61-101 ("MI 61-101") to avoid the formal valuation and shareholder approval requirements of MI 61-101. For the purposes of Section 5.5(b), the Company does not have any securities listed on any of the stock exchanges set out in Section 5.5(b) and for the purposes of Section 5.7(b) the exemption was available as the consideration paid for the units subscribed for by MR Partners was less than $2,500,000.
The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements. "United States" and "U.S. person" have the respective meanings assigned in Regulation S under the U.S Securities Act.
Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news release.
Not for distribution to United States Newswire Services or for dissemination in the United States
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300357
Source: Mineral Road Discovery Inc.
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