Comfort Systems (FIX - Free Report) came out with quarterly earnings of $12.53 per share, beating the Zacks Consensus Estimate of $10.38 per share. This compares to earnings of $6.53 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +20.71%. A quarter ago, it was expected that this heating, ventilation and air conditioning company would post earnings of $7.19 per share when it actually produced earnings of $10.51, delivering a surprise of +46.18%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Comfort Systems, which belongs to the Zacks Building Products - Air Conditioner and Heating industry, posted revenues of $3.27 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 10.96%. This compares to year-ago revenues of $2.17 billion. The company has topped consensus revenue estimates four 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.
Comfort Systems shares have added about 91.9% since the beginning of the year versus the S&P 500's gain of 9.6%.
What's Next for Comfort Systems?While Comfort Systems 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 Comfort Systems 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 $10.79 on $2.98 billion in revenues for the coming quarter and $43.09 on $11.89 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 - Air Conditioner and Heating is currently in the top 20% 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, Carrier Global (CARR - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 28.
This company is expected to post quarterly earnings of $0.83 per share in its upcoming report, which represents a year-over-year change of -9.8%. The consensus EPS estimate for the quarter has been revised 0.4% lower over the last 30 days to the current level.
Carrier Global's revenues are expected to be $6.02 billion, down 1.5% from the year-ago quarter.
The Hartford Insurance Group vykázala výnosy 5,23 miliardy USD a EPS 3,42 USD, obojí nad odhady. Klíčové pojistné ukazatele v pojištění majetku a odpovědnosti také převážně překonaly očekávání.
The Hartford Insurance Group (HIG - Free Report) reported $5.23 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 6.8%. EPS of $3.42 for the same period compares to $3.41 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $5.19 billion, representing a surprise of +0.75%. The company delivered an EPS surprise of +9.62%, with the consensus EPS estimate being $3.12.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how The Hartford Insurance Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Business Insurance- Underlying combined ratio: 89.3% compared to the 88.6% average estimate based on six analysts.Personal Insurance - Loss and loss adjustment expense ratio: 63.8% compared to the 70.5% average estimate based on six analysts.Personal Insurance - Underlying combined ratio: 86.3% versus 87.8% estimated by six analysts on average.Personal Insurance - Combined ratio: 90.1% compared to the 96.5% average estimate based on six analysts.Revenue- Earned Premium- Personal Insurance: $905 million versus the six-analyst average estimate of $914.38 million. The reported number represents a year-over-year change of -2.8%.Revenue- Property & Casualty- Net investment income: $645 million versus the six-analyst average estimate of $585.92 million. The reported number represents a year-over-year change of +22.6%.Employee Benefits- Total revenues: $1.91 billion versus $1.83 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +8.4% change.Employee Benefits- Net investment income: $137 million compared to the $134.52 million average estimate based on six analysts. The reported number represents a change of +16.1% year over year.Employee Benefits- Premiums and other considerations: $1.77 billion compared to the $1.69 billion average estimate based on six analysts.Business Insurance- Fee income: $12 million compared to the $11.22 million average estimate based on six analysts. The reported number represents a change of +9.1% year over year.Business Insurance- Earned premiums: $3.66 billion compared to the $3.67 billion average estimate based on six analysts. The reported number represents a change of +7% year over year.Revenue- Fee income- Personal Insurance: $7 million versus $8.17 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -12.5% change.View all Key Company Metrics for The Hartford Insurance Group here>>>
Shares of The Hartford Insurance Group have returned +6.4% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Associated Banc-Corp ve 2. čtvrtletí zvýšila tržby na 454,58 mil. USD a EPS na 0,73 USD, obojí nad odhady Wall Street. Čisté odpisy úvěrů dosáhly 0,3 % a neakruální úvěry 149,95 mil. USD.
For the quarter ended June 2026, Associated Banc-Corp (ASB - Free Report) reported revenue of $454.58 million, up 23.9% over the same period last year. EPS came in at $0.73, compared to $0.65 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $443.65 million, representing a surprise of +2.46%. The company delivered an EPS surprise of +1.39%, with the consensus EPS estimate being $0.72.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Associated Banc-Corp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net charge offs / average loans: 0.3% compared to the 0.1% average estimate based on two analysts.Nonaccrual loans: $149.95 million versus the two-analyst average estimate of $126.83 million.Net Interest Margin: 3.2% compared to the 3.1% average estimate based on two analysts.Average Balance - Total earning assets and related interest income: $47.29 billion versus the two-analyst average estimate of $46.57 billion.Total Noninterest Income: $80.4 million versus the two-analyst average estimate of $79.8 million.Other income: $2.71 million versus $4.64 million estimated by two analysts on average.Capital markets, net: $7.48 million versus $7.08 million estimated by two analysts on average.Service charges and deposit accounts fees: $15.86 million compared to the $15.44 million average estimate based on two analysts.Wealth management fees: $26.22 million versus $25.73 million estimated by two analysts on average.Other fee-based revenue: $5.76 million compared to the $5.19 million average estimate based on two analysts.Mortgage banking, net: $2.78 million versus $6.13 million estimated by two analysts on average.Card-based fees: $14.16 million versus the two-analyst average estimate of $12.22 million.View all Key Company Metrics for Associated Banc-Corp here>>>
Shares of Associated Banc-Corp have returned +0.9% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Hilltop Holdings (HTH - Free Report) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +50.00%. A quarter ago, it was expected that this insurance holding compnay would post earnings of $0.5 per share when it actually produced earnings of $0.64, delivering a surprise of +28%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Hilltop Holdings, which belongs to the Zacks Banks - Southeast industry, posted revenues of $315.81 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 5.01%. This compares to year-ago revenues of $303.31 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.
Hilltop Holdings shares have added about 12.4% since the beginning of the year versus the S&P 500's gain of 9.6%.
What's Next for Hilltop Holdings?While Hilltop Holdings 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 Hilltop Holdings 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 $0.66 on $324.71 million in revenues for the coming quarter and $2.33 on $1.25 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 - Southeast is currently in the top 31% 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 broader Zacks Finance sector, Hippo Holdings Inc. (HIPO - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 30.
This company is expected to post quarterly earnings of $0.20 per share in its upcoming report, which represents a year-over-year change of -69.2%. The consensus EPS estimate for the quarter has been revised 23.8% lower over the last 30 days to the current level.
Hippo Holdings Inc.'s revenues are expected to be $145.2 million, up 23.8% from the year-ago quarter.
Selective Insurance (SIGI - Free Report) came out with quarterly earnings of $1.95 per share, beating the Zacks Consensus Estimate of $1.72 per share. This compares to earnings of $1.31 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +13.37%. A quarter ago, it was expected that this insurance holding company would post earnings of $1.73 per share when it actually produced earnings of $1.69, delivering a surprise of -2.31%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Selective Insurance, which belongs to the Zacks Insurance - Property and Casualty industry, posted revenues of $1.38 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.96%. This compares to year-ago revenues of $1.32 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Selective Insurance shares have added about 14.8% since the beginning of the year versus the S&P 500's gain of 9.6%.
What's Next for Selective Insurance?While Selective Insurance 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 Selective Insurance 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 $1.83 on $1.38 billion in revenues for the coming quarter and $7.84 on $5.5 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, Insurance - Property and Casualty is currently in the bottom 39% 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, Hagerty, Inc. (HGTY - Free Report) , has yet to report results for the quarter ended June 2026.
This company is expected to post quarterly loss of $0.08 per share in its upcoming report, which represents a year-over-year change of -161.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Hagerty, Inc.'s revenues are expected to be $321.01 million, down 12.9% from the year-ago quarter.
Packaging Corporation of America ve 2. čtvrtletí zvýšila tržby na 2,5 miliardy USD a EBITDA na 486 milionů USD, ale upravený zisk na akcii klesl na 2,35 USD. Firma zároveň očekává za 3. čtvrtletí upravený zisk 2,91 USD na akcii.
3 Dividend Leaders Set for Strong Growth in 2025Packaging Corporation of America NYSE: PKG reported lower adjusted earnings for the second quarter of 2026 compared with the prior year, even as sales and EBITDA increased, with management citing strong corrugated demand, higher freight costs and contributions from the recently acquired Greif containerboard business.
Chairman and Chief Executive Officer Mark Kowlzan said the company reported second-quarter net income of $192 million, or $2.15 per share. Excluding special items, net income was $210 million, or $2.35 per share, compared with $224 million, or $2.48 per share, in the second quarter of 2025. Net sales rose to $2.5 billion from $2.2 billion a year earlier, while total company EBITDA excluding special items increased to $486 million from $451 million.
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Packaging Corporation of America: Buy The DipKowlzan said special items totaled $0.20 per share and were primarily related to facility closure costs and write-offs, Wallula Mill restructuring charges, and expenses tied to the acquisition and integration of the Greif containerboard business.
Excluding special items, earnings declined by $0.13 per share from the year-ago quarter. Kowlzan said legacy business earnings were down $0.27 per share, partly offset by $0.14 per share of earnings from the acquired Greif business. The legacy decline was driven by several cost pressures, including higher freight, corporate and other expenses, lower price and mix in packaging, higher labor and operating costs, and higher fiber costs. Those headwinds were partly offset by higher production and sales volumes in packaging and paper, lower maintenance outage expense, and improved paper pricing and mix.
Packaging Corporation of America: A Total Package to Buy and Hold“We exceeded our guidance of $2.33 on the strength of our corrugated volumes, which helped drive cost favorability in areas that we could control and offset higher than forecast costs for freight, recycled fiber, and employee benefits,” Kowlzan said. He added that Greif’s earnings contribution also exceeded expectations.
Packaging Demand Remains Strong In the packaging segment, EBITDA excluding special items was $489 million on sales of $2.3 billion, resulting in a margin of 21.1%. That compared with EBITDA of $453 million on sales of $2 billion, or a 22.6% margin, in the second quarter of 2025.
The company produced 1.415 million tons of containerboard during the quarter. Legacy mills produced 1.209 million tons, roughly even with the first quarter and 14,000 tons above the prior-year period. Acquired mills produced 206,000 tons, which Kowlzan said significantly exceeded their production in any quarter since the acquisition.
President Thomas Hassfurther said corrugated operations “turned in yet another very strong quarter.” Shipments were up more than 24% in total and per day versus last year, with the legacy business up 4.1% and achieving an all-time record for total quarterly shipments. Hassfurther said demand was very strong across the company’s customer base, with particular strength in e-commerce related to Amazon Prime Day and related customers.
Hassfurther said domestic containerboard and corrugated products prices and mix were $0.11 per share below the second quarter of 2025 but $0.04 per share above the first quarter of 2026. He said the company began realizing the first announced price increase in June, expects most of that increase to roll in during July, and expects the second increase to begin in August with realization split between the third and fourth quarters.
The company reduced export containerboard sales during the quarter to build inventory for its corrugated plants. Export volume was 30,000 tons below the first quarter and 22,000 tons below the second quarter of 2025. Hassfurther said the company was able to meaningfully increase inventories in early July and described the current market environment in one word during the question-and-answer session: “tight.”
Greif Integration Exceeds Expectations Management said the acquired Greif business contributed $0.14 per share to earnings in the quarter, above expectations. Chief Financial Officer Kent Pflederer said $0.04 of that contribution came from a depreciation benefit tied to measurement-period adjustments to the valuation of fixed assets on the opening balance sheet. Excluding that benefit, Pflederer said the outperformance was driven largely by higher volumes and strong operational performance.
Hassfurther said PCA now views the acquired business as fully integrated and is operating it as one unit with the legacy business. Pflederer said the transition services agreement with Greif will run through the end of the year as the company brings remaining corrugated plants and one mill-related system onto PCA systems. He said three more plants are expected to transition in the third quarter and the final facilities in the fourth quarter.
Pflederer said PCA is on track, and possibly ahead, on Greif-related synergies. He cited mill production improvements and better reliability, as well as integration benefits that are beginning to show in the numbers. He said the company is “probably” on track to exceed a $30 million run rate by year-end.
Paper Segment Posts Higher Margins The paper segment reported EBITDA excluding special items of $39 million on sales of $157 million, for a 24.9% margin. That compared with EBITDA of $30 million on sales of $146 million, or a 20.8% margin, in the second quarter of 2025.
Kowlzan said paper sales volume was about 3% below the first quarter but about 6% above the second quarter of 2025. Prices and mix were up 2% from both the first quarter of 2026 and the prior-year quarter. He said the company continues to implement previously announced paper price increases and expects to benefit in the third quarter.
Costs, Outages and Capital Spending in Focus Pflederer said cash provided by operations was $376 million, and free cash flow was $170 million after $206 million of capital expenditures. Other cash uses included dividend payments of $111 million, cash tax payments of $78 million and net interest payments of $54 million. PCA did not repurchase shares during the quarter.
The company continues to forecast 2026 capital expenditures of $840 million to $870 million and depreciation, depletion and amortization of about $710 million, excluding special items. Pflederer said outage expense was $0.34 per share in the second quarter and is now estimated at $0.30 in the third quarter and $0.63 in the fourth quarter, for a full-year total of $1.41 per share.
Kowlzan said operational performance in the quarter was mixed because of production interruptions from utility power outages across the mill system. In response to a question, Pflederer said the outages likely affected production by about 10,000 tons. Kowlzan said the disruptions reinforced the need for gas turbine projects at three key facilities, which he said should reduce or eliminate reliance on the grid at those mills.
Kowlzan said a gas turbine project at the Jackson Mill is in construction and is targeted to come online next year in coordination with Jackson’s annual outage. Projects at Riverville, Virginia, and DeRidder, Louisiana, are moving through environmental permitting, with Kowlzan indicating those units could come online in the first to middle part of 2028.
Third-Quarter Guidance Calls for Higher Earnings Looking ahead, Kowlzan said PCA expects continued strong packaging demand, increased corrugated products volume due to one additional shipping day, and higher containerboard and corrugated prices as price increases are implemented. He also said the company expects one more day of mill operation, lower production impact from packaging maintenance outages and better operating performance across its containerboard mill system.
In paper, PCA expects lower volume and higher prices due to maintenance at International Falls and continued price increase implementation. Freight costs are expected to remain around the elevated levels seen in May and June, while recycled fiber prices are continuing to rise. The company also expects higher chemical and purchased electricity prices, with wood fiber and natural gas relatively flat.
PCA guided for third-quarter earnings of $2.91 per share, excluding special items.
About Packaging Corporation of America (NYSE:PKG)Packaging Corporation of America NYSE: PKG is a leading North American manufacturer of containerboard and corrugated packaging products. The company produces a range of paper-based packaging solutions including linerboard, corrugating medium, corrugated shipping containers, retail-ready packaging and point-of-purchase displays. In addition to core packaging products, Packaging Corporation of America offers packaging design, testing and supply-chain services intended to optimize protection, cost and sustainability for customers.
Headquartered in Lake Forest, Illinois, the company operates an integrated network of mills and corrugated manufacturing facilities across the United States and serves customers throughout North America in industries such as e-commerce, grocery and food & beverage, consumer packaged goods and industrial markets.
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Tenet Healthcare ve 2. čtvrtletí vykázala zisk na akcii 6,12 USD a tržby 5,63 miliardy USD, obojí nad odhady. Zisk na akcii tak meziročně vzrostl z 4,02 USD.
Tenet Healthcare (THC - Free Report) came out with quarterly earnings of $6.12 per share, beating the Zacks Consensus Estimate of $4.08 per share. This compares to earnings of $4.02 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +50.00%. A quarter ago, it was expected that this hospital operator would post earnings of $4.21 per share when it actually produced earnings of $4.82, delivering a surprise of +14.49%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Tenet, which belongs to the Zacks Medical - Hospital industry, posted revenues of $5.63 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.40%. This compares to year-ago revenues of $5.27 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Tenet shares have lost about 1.7% since the beginning of the year versus the S&P 500's gain of 9.6%.
What's Next for Tenet?While Tenet has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Tenet was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $4.22 on $5.47 billion in revenues for the coming quarter and $17.50 on $22.01 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, Medical - Hospital is currently in the bottom 10% 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.
Acadia Healthcare (ACHC - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 28.
This provider of inpatient behavioral health care services is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of -60.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Acadia Healthcare's revenues are expected to be $844.75 million, down 2.8% from the year-ago quarter.
Oceaneering International ve 2. čtvrtletí zvýšila tržby o 10 % na 768 mil. USD a upravený zisk před úroky, zdaněním, odpisy a amortizací na 115 mil. USD, nejvýše od 3. čtvrtletí 2015.
Firma zároveň zvedla celoroční výhled upraveného zisku před úroky, zdaněním, odpisy a amortizací na 400 až 440 mil. USD.
3 Swing Trades for Q3 Earnings SeasonOceaneering International NYSE: OII reported second-quarter 2026 results that topped the high end of its adjusted EBITDA guidance range, with management citing strong execution across its portfolio and notable gains in offshore project activity.
President and Chief Executive Officer Rod Larson said the company’s adjusted EBITDA of $115 million was its highest quarterly level since the third quarter of 2015. He said the Offshore Projects Group, or OPG, was the largest contributor to the company’s EBITDA outperformance, driven by a favorable mix of international intervention and installation work, including light well intervention services in the Caspian Sea and an installation project offshore Egypt.
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Senior Vice President and Chief Financial Officer Mike Summerall said consolidated revenue rose 10% year over year to $768 million, with growth in every segment except Integrity Management & Digital Solutions, or IMDS. Operating income increased 11% to $88.2 million, while net income attributable to Oceaneering rose 19% to $65 million, or $0.65 per share. Adjusted EBITDA increased 11% to $115 million.
Offshore Projects and Subsea Robotics Lead Results OPG revenue increased 22% from the prior-year quarter to $183 million, while operating income rose 39% to $30 million. Summerall said the segment generated a 16% operating income margin, supported by disciplined execution on international intervention and installation projects that are expected to continue into the third quarter. Vessel utilization declined year over year, but management expects it to improve in the third quarter as the company supports customers under several frame agreements.
Subsea Robotics, or SSR, also improved year over year, with revenue increasing 6% to $232 million and operating income rising 3% to $66.3 million. Average ROV revenue per day utilized increased to $11,894 from $11,265, reflecting improved contract pricing. ROV utilization was 66%, slightly below 67% in the prior-year quarter, as activity in Europe and West Africa largely offset lower activity in the U.S. Gulf.
Summerall said SSR’s EBITDA margin remained flat at 35%, as higher ROV pricing was offset by geographic and service mix, including a larger contribution from survey work, which carries lower margins than the company’s core ROV business. Larson said the Ocean Intervention II entered service after significant upgrades in 2025 and is now performing survey projects expected to keep the vessel utilized through most of the remainder of 2026. He also said the company expects to conduct a simultaneous operations, or SIMOPS, project from the vessel later this year.
Manufactured Products Improves Margins; ADTech Wins Defense Work Manufactured Products revenue increased 3% to $149 million, while operating income rose 17% to $21.9 million. The segment’s operating income margin improved to 15%, up 178 basis points year over year. Summerall attributed the improvement to conversion of higher-margin backlog, increased volume in the Rotator valves business and improved results in the Mobility Solutions product line.
The segment’s backlog declined to $445 million as of June 30, reflecting execution of previously awarded work. Summerall said the trailing 12-month book-to-bill ratio was 0.88, compared with 0.65 a year earlier. He said the company won multiple awards early in the third quarter and expects additional awards in the third and fourth quarters, supporting management’s expectation that backlog will improve in the second half and meet full-year book-to-bill guidance of 0.9 to 1.0.
In Aerospace and Defense Technologies, or ADTech, revenue increased 22% to $133 million, while operating income was up slightly to $16.4 million. Operating income margin declined to 12%, reflecting program mix and timing in the Oceaneering Technologies, or OTech, business line.
Larson highlighted new contract awards across defense and subsea applications, including subsea robotics, subsea systems, submarine rescue and submarine maintenance, construction and installation services. He pointed to a joint contract from the Defense Innovation Unit to support development of an Extra-Large Unmanned Underwater Vehicle as an example of the company’s strategy to deploy dual-use technologies for both energy and government customers. He also noted that the Space Systems team was recognized by Lockheed Martin as a best-in-class supplier for work on the Artemis program.
Cash Flow, Buybacks and Debt Refinancing Oceaneering generated $55.2 million of cash from operating activities in the quarter. Summerall said the year-over-year decrease reflected the timing of project milestones, customer receipts and vendor payments. The company invested $23.2 million in organic capital expenditures, with 34% allocated to growth and 66% to maintenance, and generated free cash flow of $32 million.
The company resumed share repurchases during the quarter, buying back $10 million of common stock. It ended the period with $629 million in cash, total liquidity of $844 million and no borrowings under its revolving credit facility.
Summerall said Oceaneering placed $500 million of senior notes due in 2034 and used the proceeds, together with cash on hand, to retire $500 million of senior notes due in 2028. The company also amended its secured revolving credit facility, increasing commitments to $345 million from $215 million and extending the maturity to July 2031. He said those transactions would be completed in July.
Asked about capital allocation, Larson said the company’s priorities remain organic investment first, inorganic growth second and returning capital to shareholders, primarily through buybacks. He said Oceaneering intends to invest around its core energy business, particularly SSR, and also sees opportunities to expand in defense, including through partnerships and potential acquisitions.
Guidance Raised at Low End, IMDS Outlook Reduced For the third quarter, Oceaneering expects revenue to increase and adjusted EBITDA to range from $115 million to $125 million. Larson said SSR revenue and operating income are expected to rise as ROV utilization improves and survey activity continues. OPG revenue and operating income are also expected to increase on higher vessel utilization in the U.S. Gulf and West Africa, as well as continuing international projects.
For the full year, management raised the low end of adjusted EBITDA guidance and now expects consolidated adjusted EBITDA of $400 million to $440 million in 2026. Larson said first-half performance increased confidence in the company’s outlook.
However, Oceaneering lowered its outlook for IMDS, citing ongoing uncertainty in the Middle East and reduced activity in West Africa. Management now expects IMDS operating income to decrease significantly compared with full-year 2025, with operating income margin in the low single-digit percentage range. Summerall said second-quarter IMDS revenue, operating income and margin declined due to lower activity, related cost absorption and increased personnel costs in West Africa and the Middle East.
Management Sees Offshore Activity Building During the question-and-answer portion of the call, Larson said offshore activity appears to be rising, though he does not expect a sharply defined inflection point. He cited longer contracts for rigs and ROVs, greater rig utilization and higher levels of contracted rigs as indicators of improving demand.
Larson said SSR should benefit from increased rig utilization and strong tree orders and installations, while OPG should benefit from longer-term confidence in offshore projects. Summerall added that longer-term rig contracts are a positive macro indicator.
Discussing regional opportunities, Larson identified Brazil as a key growth market, pointing to Petrobras activity and the company’s recently announced ROV contract in the country. He also cited Africa, including activity around Namibia and Senegal, as well as Australia and the Far East. Summerall also pointed to Norway and activity tied to Equinor as relevant to European energy security.
On defense spending, Larson said the company is seeing more inbound interest than it did three or four years ago, particularly from partners seeking Oceaneering’s offshore operating experience. Summerall said the company participates in both submarine repair and construction and autonomy-related defense work, including lower-cost uncrewed technologies.
About Oceaneering International (NYSE:OII)Oceaneering International, Inc is a global provider of engineered services and products primarily to the offshore oil and gas industry, as well as to aerospace, defense, and commercial diving markets. The company specializes in remotely operated vehicles (ROVs), subsea intervention, and inspection services designed to support exploration, production and maintenance activities in challenging underwater environments. In addition to ROV operations, Oceaneering offers asset integrity solutions, specialized tooling, and intervention equipment for pipelines, risers, and flowlines.
Founded in 1964 and headquartered in Houston, Texas, Oceaneering has grown through both organic expansion and strategic acquisitions.
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Deckers Outdoor poprvé v historii přesáhl tržby 1 miliardu USD, když v 1. čtvrtletí fiskálního roku 2027 rostly o 5,7 % a EPS činil 0,94 USD. Firma zároveň zvýšila výhled na zisk na akcii na 7,35 až 7,50 USD.
Premium Retail’s Stress Test Is Separating Winners From LosersDeckers Outdoor NYSE: DECK reported first-quarter fiscal 2027 revenue above $1 billion for the first time in company history, as growth in its HOKA and UGG brands and continued strength in direct-to-consumer sales helped offset planned wholesale timing shifts.
President and Chief Executive Officer Stefano Caroti said total company revenue rose 5.7% from a year earlier, while diluted earnings per share came in at $0.94. Both metrics were above the company’s expectations for the quarter. Total direct-to-consumer revenue increased 13%, led by a 17% gain at HOKA and a 6% increase at UGG.
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Apparel Earnings Winners and Losers: Ralph Lauren Takes Off“Both HOKA and UGG maintained solid momentum and continued to capture high level of full price consumer demand,” Caroti said. He added that underlying consumer demand remained strong both internationally and in the United States, despite what the company described as a pressured consumer backdrop.
HOKA Growth Led by DTC and Product Innovation HOKA generated first-quarter revenue of $704 million, up 8% from a year earlier. Caroti said the brand’s performance was driven by global direct-to-consumer growth, including continued gains across Europe, China, Japan and the United States.
Was Decker’s Double Beat a Bullish Signal—Or Mere HOKA’s-Pocus?Deckers said demand was broad-based across HOKA product families, with strength in established franchises such as Clifton and Bondi as well as newer and updated models. Caroti highlighted Speedgoat 7, Mach 7, Mafate Speed 2 and Skyward products as contributors to demand. He said trail and lifestyle styles together accounted for more than half of global HOKA direct-to-consumer growth in the quarter.
The company also pointed to the early launch of Clifton Pro as an important product milestone. Caroti said the shoe had been in the market for about two weeks and had already prompted some wholesale reorders. He said the Clifton Pro is part of a broader effort to create clearer technology and product architecture within HOKA, including “Glide” products designed for cushioning and “Fly” products focused on responsiveness and speed.
HOKA wholesale revenue increased 3% globally. Management said the wholesale result was in line with expectations and reflected international shipment timing differences compared with unusually early shipments in the prior year. In the U.S., HOKA delivered higher sell-in and stronger full-price sell-through, while EMEA posted what Caroti called “another quarterly record for reorders.”
UGG Advances Year-Round Strategy UGG revenue rose 5% year over year to $278 million, with direct-to-consumer revenue up 6% and wholesale up 5%. Caroti said the brand grew in both the U.S. and international markets, with international growth led by Asia.
Management said UGG’s results reflected progress in its “365” strategy and men’s growth initiatives. The company continued to allocate availability of key classic styles while increasing marketing and product investment in fashion-casual footwear, sneakers and sandals.
Caroti cited demand for the Lowmel franchise, the new Minimel introduction and the Golden Collection, including GoldenGaze silhouettes. He said the men’s business accounted for the largest portion of incremental UGG revenue in the quarter, supported by all-gender products such as Tasman and Lowmel as well as newer men’s products including the Ottosee clog.
In response to an analyst question, Caroti said UGG’s men’s business remains about 15% of revenue, with a goal of reaching 20% or more. He also said the brand is less dependent on cold weather than in the past because of a more diversified offering across sneakers, sandals, mules and other year-round products.
Margins Improve Despite Tariff Headwinds Chief Financial Officer Steve Fasching said total revenue for the quarter was $1.02 billion. Gross margin improved to 56.4%, up 60 basis points from 55.8% a year earlier.
Fasching said the margin improvement was driven by favorable channel mix as direct-to-consumer grew faster than wholesale, favorable product mix and full-price selling, foreign currency benefits and better management of product closeouts. These benefits were partially offset by tariffs.
In the question-and-answer session, Fasching said better management of closeouts contributed about 60 basis points to first-quarter gross margin, while full-price selling together with channel and brand mix contributed about 110 basis points. Foreign exchange added about 40 basis points, while tariffs reduced gross margin by about 150 basis points year over year.
SG&A expense rose 13% to $420 million, reflecting hiring, marketing investments, higher rent related primarily to global HOKA stores, technology spending and foreign currency remeasurement. Deckers ended the quarter with $1.6 billion in cash and equivalents, inventory down 5% year over year to $808 million and no outstanding borrowings.
The company repurchased approximately $338 million of shares during the quarter at an average price of $103.79. As of June 30, 2026, Deckers had about $4.7 billion remaining under its share repurchase authorization.
Guidance Raised on Earnings and Margin Deckers maintained its fiscal 2027 revenue outlook of $5.86 billion to $5.91 billion, representing high-single-digit growth from the prior year. The company still expects HOKA revenue to rise at a low-double-digit rate and UGG revenue to increase at a mid-single-digit rate.
However, Deckers raised its gross margin expectation to slightly better than 56.5%, citing first-quarter outperformance. The company also increased its assumed go-forward tariff rate to 12.5% from 10%. Fasching said Deckers continues to pursue tariff refunds related to an IEEPA ruling but has not included any refund assumptions in its guidance.
Operating margin is now expected to be slightly better than 21.5%, and diluted EPS is projected at $7.35 to $7.50, up $0.05 from the prior outlook. SG&A is still expected to be about 35% of revenue as the company continues investing in growth initiatives.
For the second quarter, Deckers expects consolidated revenue to rise about 5% year over year. Fasching said HOKA is expected to contribute high-single-digit growth, UGG is expected to maintain mid-single-digit growth, and other brands are expected to decline about 50%, primarily due to portfolio streamlining. Second-quarter diluted EPS is expected to range from $1.73 to $1.78.
Management reiterated that growth is expected to accelerate in the second half of the fiscal year, driven primarily by HOKA’s international wholesale and distributor business. Fasching said the timing shift reflects logistics changes rather than a change in demand assumptions.
Management Emphasizes Full-Price Marketplace Throughout the call, Deckers executives emphasized the importance of maintaining a premium, full-price marketplace. Caroti said inventories remain tight and that the company is focused on preserving a “pull model” of demand.
“Our full price sell-through continues to be strong,” Caroti said. “Inventories are tight. Inventories are down 5% for the quarter.”
Fasching said high gross margins support brand credibility and benefit retail partners. He added that Deckers has not assumed a significant change in promotional cadence for the rest of the year.
Caroti said the company remains confident in its fiscal 2027 outlook, citing product innovation, disciplined marketplace execution and continued engagement with HOKA and UGG across channels and geographies.
About Deckers Outdoor (NYSE:DECK)Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company's product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.
Founded in 1973 by Doug Otto and Karl F.
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For the quarter ended June 2026, Eastern Bankshares, Inc. (EBC - Free Report) reported revenue of $309.5 million, up 26.4% over the same period last year. EPS came in at $0.49, compared to $0.41 in the year-ago quarter.
The reported revenue represents a surprise of +1.7% over the Zacks Consensus Estimate of $304.32 million. With the consensus EPS estimate being $0.46, the EPS surprise was +6.52%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how 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): 54.3% versus the six-analyst average estimate of 53%.Net interest margin (FTE): 3.7% versus 3.7% estimated by six analysts on average.Average Balance - Total interest-earning assets: $28.3 billion versus the five-analyst average estimate of $28.39 billion.Total non-performing assets: $109.4 million versus $137.7 million estimated by three analysts on average.Total non-performing loans: $109.4 million versus the two-analyst average estimate of $137.7 million.Net Interest Income: $251.9 million versus the six-analyst average estimate of $255.62 million.Total Noninterest Income: $57.6 million compared to the $48.38 million average estimate based on six analysts.Investment advisory fees: $19.7 million versus the five-analyst average estimate of $19.12 million.Miscellaneous income and fees: $9.8 million compared to the $7.89 million average estimate based on four analysts.Net Interest Income (FTE): $258.2 million versus $258.99 million estimated by four analysts on average.Service charges on deposit accounts: $10 million versus $10.29 million estimated by four analysts on average.Interest rate swap income: $2 million versus $1.09 million estimated by four analysts on average.View all Key Company Metrics for Eastern Bankshares here>>>
Shares of Eastern Bankshares have returned +5.3% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Glacier Bancorp za 2Q vykázala výnosy 317,53 mil. USD, meziročně +32 %, a EPS 0,76 USD, v souladu s odhady. Výnosy ale zaostaly za očekáváním Wall Street o 2,06 %.
For the quarter ended June 2026, Glacier Bancorp (GBCI - Free Report) reported revenue of $317.53 million, up 32% over the same period last year. EPS came in at $0.76, compared to $0.45 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $324.2 million, representing a surprise of -2.06%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.76.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Glacier Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 56.7% versus 58% estimated by three analysts on average.Net interest margin (tax-equivalent): 3.9% versus the three-analyst average estimate of 3.9%.Non-accrual loans: $74.44 million compared to the $65.72 million average estimate based on two analysts.Total non-performing assets: $91.85 million compared to the $73.31 million average estimate based on two analysts.Average Balances - Total earning assets: $28.79 billion compared to the $28.9 billion average estimate based on two analysts.Total Non-Interest Income: $41.1 million compared to the $39.07 million average estimate based on three analysts.Net interest income (tax-equivalent): $280.02 million compared to the $284.7 million average estimate based on three analysts.Gain on sale of loans: $5.01 million compared to the $5.26 million average estimate based on two analysts.Net Interest Income: $276.43 million versus $279.91 million estimated by two analysts on average.View all Key Company Metrics for Glacier Bancorp here>>>
Shares of Glacier Bancorp have returned +1.7% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
RingCentral ve 2. čtvrtletí zvýšil tržby na 657,01 mil. USD a EPS na 1,22 USD, oba výsledky překonaly odhady Wall Street. Tržby z předplatného vzrostly meziročně o 5,8 % na 633,65 mil. USD.
For the quarter ended June 2026, RingCentral (RNG - Free Report) reported revenue of $657.01 million, up 5.9% over the same period last year. EPS came in at $1.22, compared to $1.06 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $650.34 million, representing a surprise of +1.03%. The company delivered an EPS surprise of +4.27%, with the consensus EPS estimate being $1.17.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how RingCentral performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Gross Margin - Non-GAAP Other: -2.2% versus -11.8% estimated by four analysts on average.Gross Margin - Non-GAAP Subscriptions: 80.4% compared to the 80.7% average estimate based on four analysts.Revenues- Subscriptions: $633.65 million versus the five-analyst average estimate of $630.15 million. The reported number represents a year-over-year change of +5.8%.Revenues- Other: $23.36 million versus $20.18 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +7.8% change.View all Key Company Metrics for RingCentral here>>>
Shares of RingCentral have returned +5.1% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zakladatel a generální ředitel Mobileye Amnon Shashua odstoupí po téměř třech desetiletích, zatímco firma míří k robotaxi a humanoidní robotice. Ve funkci zůstane, dokud nebude jmenován nástupce.
Image Credits:Bridget Bennett / Bloomberg / Getty Images Mobileye founder and CEO Amnon Shashua plans to step down from the top leadership post after nearly three decades, just as the company pushes into robotaxis and humanoid robots.
Shashua will remain CEO until Mobileye hires a replacement, according to a regulatory filing Thursday.
Mobileye got its start making computer vision chips based on Shashua’s academic research at Hebrew University in Israel, and grew into a major supplier of the chips that power automotive safety and driver-assistance features. It had the largest IPO in Israel’s history, was acquired in 2017 by Intel for $15.3 billion, then spun back out as a publicly traded company in 2022, though Intel remains its largest shareholder.
Under Shashua, Mobileye also moved beyond selling chips to automakers and began building its own systems that handle autonomous driving, which it now supplies to Volkswagen and its MOIA subsidiary.
In January, the company acquired Shashua’s humanoid robotics startup Mentee Robotics for $900 million, which Shashua called part of “Mobileye 3.0,” the next phase of the business focused on robotics and automotive AI.
Mobileye also said in June it would expand beyond its supplier status to launch its own robotaxi service in a U.S. city in 2027.
Ondo Finance spustila tokenizovaný akciový kolaterál pro perpetual trading, což podpořilo růst ONDO. Trh sleduje, zda token prorazí rezistenci na $0,50.
Ondo Finance’s ONDO token has drawn renewed interest from the market following a breakout supported by rising adoption of real-world assets (RWA) and the introduction of tokenized stock collateral for perpetual trading. The new feature, allowing traders to use tokenized equities as collateral, has added momentum to ONDO’s price recovery as traders monitor whether the token can approach the $0.50 resistance zone.
Ondo Finance expands with tokenized collateralFounded as a decentralized platform for tokenizing financial assets, Ondo Finance develops products that bring traditional financial instruments onto the blockchain. The company’s latest integration enables traders to leverage tokenized stocks as collateral for perpetual contracts, which supporters say could boost accessibility and liquidity in Ondo’s growing RWA ecosystem.
Following the announcement, ONDO had already rallied above a bullish pennant formation, indicating that traders were anticipating further upside. Technical analysis showed ONDO trading above its 20-day Simple Moving Average, suggesting a positive short-term trend.
Market data indicated a price recovery to the $0.40 region with capitalization staying above $1.7 billion. Buyers defending this area set the stage for a possible attempt at breaking through the key $0.50 barrier.
ONDO’s rally strengthened after the launch of tokenized stock collateral for perpetual trading, adding new use cases to the RWA ecosystem and supporting the token’s attempt to reclaim higher resistance levels.
Mini dictionary: Real-world assets (RWA) are traditional assets such as bonds, stocks, or property, represented in digital form on blockchain networks to enable new forms of access and trading.
2026 ONDO price scenarios and technical targetsONDO’s outlook for 2026 depends on multiple factors, including broader RWA demand, Bitcoin’s market trend, and institutional adoption. Analysts point to several scenarios that could play out depending on support and resistance levels:
ScenarioPrice TargetConditionsBearish$0.28 – $0.32Breakout fails, weak crypto sentimentBase Case$0.45 – $0.55Steady RWA growth, gradual buyingBullish$0.70 – $1.00Strong institutional adoption, broader market rallyThe first major resistance zone is $0.45, followed by the psychological $0.50 level. Breaking above these points may indicate further upward potential, but analysts emphasize that technical strength alone will not be enough unless RWA adoption continues growing.
Returning to previous all-time highs would require a significant increase in demand and valuation, and progress will likely depend on how effectively Ondo Finance can drive institutional use of its products.
Whale activity and investor positioningIn addition to technical data, activity from large holders (“whales”) has increased following ONDO’s breakout, pointing to growing positions by long-term investors. Whale accumulation traditionally signals confidence in the project’s future growth prospects, especially when linked to infrastructure that bridges conventional finance and blockchain technology.
Unlike purely speculative assets, ONDO is backed by efforts to enable blockchain-based settlement and ownership of real-world financial assets. As financial institutions seek new blockchain solutions for securities, Ondo’s offerings have aligned with one of the sector’s fastest-growing trends.
Analysts still caution that accumulation trends alone do not guarantee price increases. Market corrections are possible if sentiment turns or traders sell near resistance zones.
Mini dictionary: Ondo Finance is a platform that turns real-world financial products like securities and bonds into blockchain-based assets to create new investment opportunities.
Outlook for the $1 targetA move toward $1 by 2026 remains an ambitious scenario, as ONDO’s market capitalization would need to rise sharply. Reaching that milestone would likely require growing adoption of Ondo’s tokenized finance products and broader participation from institutional investors, combined with favorable overall market conditions.
The $0.50 area is currently seen as the most realistic near-term milestone for ONDO, while the $1 target represents a longer-term, bullish case that assumes substantial growth in the RWA market.
Competition in tokenized assets is accelerating and regulatory risks remain factors for investors to watch. Price rallies triggered by new product launches can fade if adoption is slower than expected, making ongoing monitoring of support and resistance zones essential.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Comstock Inc. vykázala za 2. čtvrtletí ztrátu 0,13 USD na akcii, což bylo více, než čekal trh. Tržby ve výši 0,27 mil. USD zaostaly za odhadem o 80,16 %.
Comstock Inc. (LODE - Free Report) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to a loss of $0.27 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -8.33%. A quarter ago, it was expected that this company would post a loss of $0.18 per share when it actually produced a loss of $0.14, delivering a surprise of +22.22%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
COMSTOCK INC, which belongs to the Zacks Waste Removal Services industry, posted revenues of $0.27 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 80.16%. This compares to year-ago revenues of $0.34 million. The company has not been able to beat consensus revenue estimates 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.
COMSTOCK INC shares have added about 5.1% since the beginning of the year versus the S&P 500's gain of 9.6%.
What's Next for COMSTOCK INC?While COMSTOCK INC has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for COMSTOCK INC was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.09 on $8.38 million in revenues for the coming quarter and -$0.41 on $24.56 million 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, Waste Removal Services is currently in the top 39% 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, Quest Resource (QRHC - Free Report) , has yet to report results for the quarter ended June 2026.
This recycling company is expected to post quarterly loss of $0.06 per share in its upcoming report, which represents a year-over-year change of -50%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Quest Resource's revenues are expected to be $64 million, up 7.5% from the year-ago quarter.
Rexford Industrial oznámil FFO ve výši 0,63 USD na akcii, nad odhadem 0,60 USD. Tržby 245,51 mil. USD ale za čtvrtletí končící v červnu 2026 zaostaly za očekáváním.
Rexford Industrial (REXR - Free Report) came out with quarterly funds from operations (FFO) of $0.63 per share, beating the Zacks Consensus Estimate of $0.6 per share. This compares to FFO of $0.59 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of +5.00%. A quarter ago, it was expected that this industrial real estate investment trust would post FFO of $0.6 per share when it actually produced FFO of $0.61, delivering a surprise of +1.67%.
Over the last four quarters, the company has surpassed consensus FFO estimates four times.
Rexford Industrial, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $245.51 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.23%. This compares to year-ago revenues of $249.51 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
Rexford Industrial shares have lost about 5% since the beginning of the year versus the S&P 500's gain of 9.6%.
What's Next for Rexford Industrial?While Rexford Industrial has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO 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 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 estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Rexford Industrial 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 FFO estimate is $0.59 on $245.99 million in revenues for the coming quarter and $2.40 on $986.38 million 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, REIT and Equity Trust - Other is currently in the top 23% 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, American Tower (AMT - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 28.
This wireless communications infrastructure company is expected to post quarterly earnings of $2.71 per share in its upcoming report, which represents a year-over-year change of +4.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
American Tower's revenues are expected to be $2.71 billion, up 3.1% from the year-ago quarter.
Apple (AAPL - Free Report) closed at $321.66 in the latest trading session, marking a -1.3% move from the prior day. This move lagged the S&P 500's daily loss of 1.21%. Meanwhile, the Dow experienced a drop of 0.97%, and the technology-dominated Nasdaq saw a decrease of 2.15%.
Shares of the maker of iPhones, iPads and other products witnessed a gain of 11.19% over the previous month, beating the performance of the Computer and Technology sector with its loss of 4.58%, and the S&P 500's gain of 0.42%.
Investors will be eagerly watching for the performance of Apple in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 30, 2026. The company's earnings per share (EPS) are projected to be $1.88, reflecting a 19.75% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $108.79 billion, reflecting a 15.69% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $8.76 per share and a revenue of $479.05 billion, indicating changes of +17.43% and +15.11%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Apple. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.09% higher. Apple presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Apple currently has a Forward P/E ratio of 37.2. This represents a premium compared to its industry average Forward P/E of 23.5.
We can also see that AAPL currently has a PEG ratio of 2.81. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Computer - Micro Computers industry currently had an average PEG ratio of 2.81 as of yesterday's close.
The Computer - Micro Computers industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 19, finds itself in the top 8% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AAPL in the coming trading sessions, be sure to utilize Zacks.com.
Tesla a Elon Musk zřejmě ustupují od robotaxi, protože tento projekt podle článku ztratil dynamiku. To zvyšuje pochybnosti o krátkodobé komercializaci.
SummaryTesla, Inc. and CEO Elon Musk appear to be deprioritizing the robotaxi initiative.Momentum in TSLA's robotaxi business has stalled, raising doubts about near-term commercialization.This shift may impact TSLA's growth narrative and valuation tied to autonomous driving.Investors should reassess expectations for robotaxi-driven upside in TSLA's investment thesis. Naypong/iStock via Getty Images
Elon Musk and Tesla, Inc. (TSLA) seem to be losing interest in its robotaxi business, as it appears to have stalled.
Ignoring His Previous Promises So much has changed in a year. A year ago, Elon Musk
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Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Alibaba v poslední obchodní den klesla o 2,14 % na 114,06 USD, tedy méně než S&P 500, který oslabil o 1,21 %. Trh čeká výsledky s EPS 1,94 USD a výnosy 38,63 mld. USD.
Alibaba (BABA - Free Report) closed the most recent trading day at $114.06, moving -2.14% from the previous trading session. This change lagged the S&P 500's 1.21% loss on the day. Elsewhere, the Dow lost 0.97%, while the tech-heavy Nasdaq lost 2.15%.
Shares of the online retailer witnessed a gain of 16.79% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 2.27%, and the S&P 500's gain of 0.42%.
Market participants will be closely following the financial results of Alibaba in its upcoming release. On that day, Alibaba is projected to report earnings of $1.94 per share, which would represent a year-over-year decline of 5.83%. Alongside, our most recent consensus estimate is anticipating revenue of $38.63 billion, indicating a 11.74% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.88 per share and a revenue of $167.61 billion, indicating changes of +76.86% and +15.28%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Alibaba. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 6.1% lower. Right now, Alibaba possesses a Zacks Rank of #3 (Hold).
With respect to valuation, Alibaba is currently being traded at a Forward P/E ratio of 16.93. For comparison, its industry has an average Forward P/E of 16.93, which means Alibaba is trading at no noticeable deviation to the group.
We can additionally observe that BABA currently boasts a PEG ratio of 1.96. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Internet - Commerce industry was having an average PEG ratio of 1.11.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 158, which puts it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
NVIDIA a KAIST spouštějí v Soulu společnou AI laboratoř zaměřenou na agentní AI pro korejský jazyk a průmysl. Projekt má zahrnovat financování alespoň 10 výzkumníků KAIST ročně a spolupráci v objemu 300 milionů dolarů.
NVIDIA and KAIST are launching a joint AI research lab at the KAIST Kim Jaechul Graduate School of AI in Seoul, dedicated to advancing agentic AI models and agent systems built for South Korea’s industries, language and future.The collaboration includes compute contributions, funding for at least 10 KAIST researchers annually with NVIDIA internships, plus full-time NVIDIA roles for top Korean researchers — creating new pathways for Korea’s AI talent.A core focus is developing models optimized for Korea, using NVIDIA Nemotron open models and local NVIDIA Cloud Partner infrastructure to build a pipeline from academic research to enterprise and national AI deployments. SANTA CLARA, Calif. and SEOUL, July 23, 2026 (GLOBE NEWSWIRE) -- NVIDIA and the Korea Advanced Institute of Science and Technology (KAIST) today announced the launch of a joint AI research laboratory at the KAIST Kim Jaechul Graduate School of AI in Seoul, dedicated to advancing agentic AI for South Korea.
The collaboration will establish a robust academic AI research program, bringing together NVIDIA full-stack AI expertise, NVIDIA Nemotron™ open models and NVIDIA AI Cloud partner computing with the world-class scientific talent at KAIST, one of Asia’s premier research universities.
“Korea is home to leading AI researchers and is one of the world’s most advanced technology ecosystems,” said Bill Dally, chief scientist and senior vice president of research at NVIDIA. “The joint NVIDIA-KAIST research lab will provide a foundation for the next frontier of AI research to accelerate AI models and agent systems built for Korea’s industries, language and future.”
“AI research is entering a new era — one that requires frontier talent, large-scale infrastructure and deep collaboration across academia and industry,” said Hyunwoo Kim, incoming faculty member at the KAIST Kim Jaechul Graduate School of AI, who will serve as head of the joint NVIDIA-KAIST lab upon joining KAIST. “Together, NVIDIA and KAIST Kim Jaechul Graduate School of AI will pursue ambitious work that helps Korea attract and retain top AI scientists while building lasting ties with NVIDIA’s global research organization.”
Full-Stack Infrastructure, Open Models and Collaboration Fuel Korea’s AI Future
The lab will be established at the KAIST Kim Jaechul Graduate School of AI in Seoul. KAIST, headquartered in the tech hub of Daejeon, has a strong focus on public research spanning engineering, AI, semiconductor technology, robotics and digital humanities.
The joint lab plans to fund at least 10 KAIST researchers annually and provide each with internship opportunities at NVIDIA. In addition, NVIDIA plans to hire exceptional Korean researchers for full-time positions. Together, these efforts will create stronger pathways for Korea’s top AI talent to pursue ambitious research, build long-term careers and deepen global collaboration between academia and industry.
The $300 million collaboration is expected to include $50-million-per-year compute contributions across an initial five-year period. Compute infrastructure from local NVIDIA Cloud Partners will provide researchers with direct access to the latest NVIDIA AI infrastructure.
Among the lab’s priorities will be developing models optimized for the Korean language and Korea-specific use cases, with NVIDIA Nemotron open models to advance the country’s AI capabilities, fostering a pipeline from academic discovery to enterprise and national AI deployments.
About KAIST
The Korea Advanced Institute of Science and Technology (KAIST) is a public research university in Daejeon, South Korea. Founded in 1971, KAIST is consistently ranked among Asia’s top universities in science and engineering and has produced many of Korea’s leading scientists, engineers, and entrepreneurs. For more information, visit www.kaist.ac.kr.
About NVIDIA
NVIDIA (NASDAQ: NVDA) is the world leader in AI and accelerated computing.
For further information, contact:
Corporate Communications
NVIDIA Corporation [email protected]
Certain statements in this press release including, but not limited to, statements as to: the joint NVIDIA-KAIST research lab providing a foundation for the next frontier of AI research to accelerate AI models and agent systems built for Korea’s industries, language and future; expectations with respect to NVIDIA’s collaboration with KAIST; expectations with respect to growth, performance, availability, and benefits of NVIDIA’s products, services and technologies, and related trends and drivers; expectations with respect to technology developments, and related trends and drivers; projected market growth and trends; expectations with respect to AI and related industries; and other statements that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections based on management’s beliefs and assumptions and on information currently available to management and are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic and political conditions; NVIDIA’s reliance on third parties to manufacture, assemble, package and test NVIDIA’s products; the impact of technological development and competition; development of new products and technologies or enhancements to NVIDIA’s existing products and technologies; market acceptance of NVIDIA’s products or NVIDIA’s partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of NVIDIA’s products or technologies when integrated into systems; NVIDIA’s ability to realize the potential benefits of business investments or acquisitions; and changes in applicable laws and regulations, as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.
Intel měl silné čtvrtletí, když tržby divize Data Center meziročně vzrostly téměř o 60 % a provozní marže stoupla na 39,5 %. Přesto je podle článku valuace stále napjatá a hodnocení akcií bylo sníženo na Sell.
SummaryIntel Corporation posted a strong Q2, with Data Center revenue up nearly 60% YoY and operating margin rising to 39.5%.INTC’s turnaround is gaining traction, but its valuation remains stretched, trading at a premium to AMD, Broadcom, and Nvidia even on optimistic assumptions.Despite operational improvements and positive guidance, much of the future upside appears already priced in, limiting shareholder yield potential.I’m downgrading INTC to a Sell, as robust execution is outweighed by an inflated valuation and limited margin of safety. Getty Images
The Intel Corporation (INTC) thesis right now seems a bit strange to me. Sure, it has a bit of turnaround characteristics, as well as some secular trends that the company can ride to improve its earnings. But it also has
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Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Intel ve 2. čtvrtletí vykázal zisk 0,42 USD na akcii a tržby 16,13 miliardy USD, obojí nad odhady. Loni ve stejném období byl ve ztrátě 0,10 USD na akcii.
Intel (INTC - Free Report) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to a loss of $0.1 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +100.00%. A quarter ago, it was expected that this world's largest chipmaker would post earnings of $0.01 per share when it actually produced earnings of $0.29, delivering a surprise of +2800%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Intel, which belongs to the Zacks Semiconductor - General industry, posted revenues of $16.13 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 11.89%. This compares to year-ago revenues of $12.86 billion. The company has topped consensus revenue estimates four 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.
Intel shares have added about 178.1% since the beginning of the year versus the S&P 500's gain of 9.6%.
What's Next for Intel?While Intel 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 Intel 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 #1 (Strong 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 $0.25 on $15.08 billion in revenues for the coming quarter and $1.07 on $58.71 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, Semiconductor - General is currently in the top 3% 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, Amtech Systems (ASYS - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 5.
This provider of equipment for solar panel and semiconductor makers is expected to post quarterly earnings of $0.10 per share in its upcoming report, which represents a year-over-year change of +66.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Amtech Systems' revenues are expected to be $21.5 million, up 9.9% from the year-ago quarter.
Newmont Corporation (NEM - Free Report) came out with quarterly earnings of $2.1 per share, beating the Zacks Consensus Estimate of $2.05 per share. This compares to earnings of $1.43 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +2.44%. A quarter ago, it was expected that this gold and copper miner would post earnings of $2.07 per share when it actually produced earnings of $2.9, delivering a surprise of +40.1%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Newmont, which belongs to the Zacks Mining - Gold industry, posted revenues of $6.12 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 3.69%. This compares to year-ago revenues of $5.32 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Newmont shares have lost about 4.1% since the beginning of the year versus the S&P 500's gain of 9.6%.
What's Next for Newmont?While Newmont has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Newmont was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.99 on $6.27 billion in revenues for the coming quarter and $8.90 on $26.33 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, Mining - Gold is currently in the bottom 6% 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, Agnico Eagle Mines (AEM - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 29.
This gold mining company is expected to post quarterly earnings of $2.92 per share in its upcoming report, which represents a year-over-year change of +50.5%. The consensus EPS estimate for the quarter has been revised 10% lower over the last 30 days to the current level.
Agnico Eagle Mines' revenues are expected to be $3.94 billion, up 40% from the year-ago quarter.
CFO SAP Dominik Asam řekl, že návratnost AI přijde spíš z komplexních firemních procesů než z chatbotů a kódovacích nástrojů. Klíčové budou čistá data, spolehlivost a kontrola nákladů.
A logo on the SAP exhibition space at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 15, 2022.... Purchase Licensing Rights, opens new tab Read more
July 23 (Reuters) - SAP's (SAPG.DE), opens new tab finance chief said on Thursday that artificial intelligence in enterprise software must move beyond chatbots and coding tools into more complex business processes, where clean data, reliability and cost control matter more than access to the most powerful model.
Companies have poured money into generative AI but are still seeking evidence of broad productivity gains, and SAP is arguing that the returns will come less from general-purpose models than from governed systems embedded in specific business processes.
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CFO Dominik Asam told reporters after SAP's second-quarter results that the "lion's share" of AI token consumption today was spent in "low-hanging fruits" coding assistant and chatbots, where AI's hallucinations matter less because the output carries limited risk if it fails.
But applying AI to finance, supply chain or other core business processes is harder because errors carry over multiple steps, increasing risk against compliance standards, he said.
"If you have some hallucinations in the process, the errors will actually compound statistically over many steps," Asam said, referring to finance workflows. "It requires much more excruciating assurance levels."
The "high-hanging fruit" of AI, Asam said, is less about applying a generic plug-and-play large language model across a company than about building systems around specific businesses.
That requires companies to make their own data usable and governed, so AI can operate with the knowledge of the company. "The idea that AI will solve all these problems if they are messy, legacy data silos is not true," Asam said, adding that such an approach came with "extremely high token costs."
The most advanced model is not always the right one, he said. In practice, he said, companies will use the cheapest reliable tool that can deliver the required outcome safely, whether that is simple software, an open-source model or an expensive frontier model.
Reporting by Leo Marchandon in Gdansk; Editing by Alistair Bell
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Leo's stories appear regularly on the technology and media desk, with a particular focus on France, Ukraine, and Europe's tech build up. He has reported extensively on major players across media & entertainment, artificial intelligence, and digital regulations. A background in tech-related law, Leo started his journalism career in Bordeaux, where he covered the full spectrum of the technology beat, from AI and spacetech to payment systems and regulations. He is now based in Gdansk, covering business, tech and entertainment news across Europe with Reuters.
SAP SE (SAP) Q2 2026 Earnings Call July 23, 2026 5:00 PM EDT
Company Participants
Alexandra Kasper Steiger - Global Head of Investor Relations
Christian Klein - CEO & Member of Executive Board
Dominik Asam - CFO & Member of Executive Board
Conference Call Participants
Adam Wood - Morgan Stanley, Research Division
Mohammed Moawalla - Goldman Sachs Group, Inc., Research Division
Ben Castillo-Bernaus - BNP Paribas, Research Division
S. Kirk Materne - Evercore ISI Institutional Equities, Research Division
Michael Briest - UBS Investment Bank, Research Division
Charles Brennan - Jefferies LLC, Research Division
Frederic Boulan - BofA Securities, Research Division
Toby Ogg - JPMorgan Chase & Co, Research Division
Michael Turrin - Wells Fargo Securities, LLC, Research Division
Presentation
Operator
Ladies and gentlemen, thank you for standing by. Welcome, and thank you for joining the SAP Q2 and Half Year 2026 Financial Results Conference Call. [Operator Instructions]
I would now like to turn the conference over to Alexandra Steiger, Global Head of Investor Relations. Please go ahead.
Alexandra Kasper Steiger
Global Head of Investor Relations
Good evening, everyone, and welcome. Thank you for joining us. With me today are CEO, Christian Klein; and CFO, Dominik Asam. On this call, we will discuss SAP's second quarter 2026 results. You can find the deck supplementing this call as well as our quarterly statement on our Investor Relations website.
During this call, we will make forward-looking statements, which are predictions, projections or other statements about future events. These statements are based on current expectations and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to differ materially. Additional information regarding these risks and uncertainties may be found in our filings with the SEC, including, but not limited to, the Risk Factors section of our annual report on Form 20-F for 2025. Unless otherwise stated, all numbers on this call are non-IFRS and growth rates and
VeriSign ve 2. čtvrtletí zvýšila tržby na 435 milionů USD a čistý zisk na 217 milionů USD. Zároveň zvedla celoroční výhled růstu doménové báze na 5,2 % až 6 %.
Buffett Trims Apple, Bets Big on Alphabet Ahead of RetirementVeriSign NASDAQ: VRSN reported stronger second-quarter 2026 results, citing record domain name registrations, continued solid renewal rates and a rising contribution from artificial intelligence-related tools that management said are making it easier for users to get online.
Executive Chairman, President and CEO Jim Bidzos said the company’s combined .com and .net domain name base reached 179.1 million names at the end of the quarter, up 3.05 million from the prior quarter. New registrations totaled a record 12.7 million, compared with 11.5 million in the prior quarter and 10.4 million in the second quarter of 2025.
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Why These 3 Market-Beaters Are Backing Up Their Buyback Trucks“VeriSign delivered strong results in the second quarter of 2026, both operationally and financially,” Bidzos said. He also noted that the company marked 29 years of 100% availability for the .com and .net domain name resolution system.
Revenue and earnings rise Chief Financial Officer John Calys said VeriSign generated second-quarter revenue of $435 million, up 6% from the same period a year earlier. Operating income was $296 million, an increase of $16 million, or 5.6%, from the prior-year quarter.
3 American Outperformers Are Lifting and Initiating DividendsNet income totaled $217 million, compared with $207 million a year earlier. Diluted earnings per share were $2.38, up from $2.21 in the second quarter of 2025 and $2.34 in the prior quarter.
Operating cash flow was $232 million, while free cash flow was $213 million. That compared with operating cash flow of $202 million and free cash flow of $109 million in the year-ago period.
Calys said VeriSign ended the quarter with $1.034 billion in cash, cash equivalents and marketable securities. That total included $546 million of net proceeds from the issuance of 5.1% senior notes due in 2031. The company redeemed $550 million of outstanding 4.75% senior notes due in 2027 on July 20, reducing liquidity from the quarter-end level.
Domain growth guidance raised Management raised and narrowed its 2026 guidance for domain name base growth to a range of 5.2% to 6%, citing trends observed in the first half of the year and expectations for the second half.
Bidzos said the expected renewal rate for the second quarter was 75.2%, compared with 75.5% a year earlier. He added that the first-quarter renewal rate was the highest VeriSign had seen in 20 years, and that first-time renewal rates have remained in a tight range in the mid-40% area for several quarters.
According to Bidzos, the strongest regional growth in the second quarter came from the U.S. and EMEA. He said registrar engagement with VeriSign’s marketing programs and customer acquisition efforts supported demand, while AI tools are making domain discovery, content creation and website creation faster and easier.
“The strength in new registrations attests to the vital role of domain names in being discovered and establishing digital credibility,” Bidzos said.
In response to an analyst question, Bidzos said several factors were working together, including the company’s infrastructure, registrar execution and AI-related tailwinds. He said it was difficult to precisely separate the impact of each factor. He also addressed whether the upcoming November .com wholesale price increase could be pulling forward demand, saying VeriSign did not view that as “anything coming close to a material factor” in current registration strength.
Full-year financial outlook updated VeriSign updated its full-year financial guidance. The company now expects:
Revenue of $1.745 billion to $1.755 billion. Operating income of $1.185 billion to $1.195 billion. Interest expense and non-operating net expense of $59 million to $65 million. Capital expenditures of $55 million to $65 million. A GAAP effective tax rate of 22% to 25%. Calys said the capital expenditure outlook accounts for price increases in server memory chip markets, which he said have had a meaningful impact. He added that VeriSign has pulled forward some spending that otherwise would have been expected next year to avoid known upcoming price increases.
Bidzos said VeriSign would continue to make the necessary investments in equipment for its operations “without hesitation.”
.web delegated into DNS root zone Bidzos also highlighted VeriSign’s announcement that .web has been delegated into the global Domain Name System root zone, with VeriSign as the registry operator. He said the delegation followed the resolution of previous disputes related to the generic top-level domain.
VeriSign plans to begin offering .web domains through channel partners later this year and said it does not currently expect meaningful revenue or expenses from .web in 2026.
Bidzos said .web differs from .com because it is governed by a standard registry agreement with ICANN and is not subject to the same cooperative agreement structure that applies to .com. He said VeriSign will have “complete wholesale pricing flexibility” for .web, subject to a six-month notice requirement to registrars, and will be able to sell premium names, which it cannot do for .com or .net.
Management outlined the expected launch sequence for .web, including a required 90-day security testing period and a minimum 30-day period for trademark holders. Bidzos said VeriSign also intends to run a limited registration period that would allow .com holders the opportunity to register the corresponding .web name before general availability.
General availability is expected either late this year or very early next year, Bidzos said.
Capital returns and new products VeriSign’s board increased the company’s share repurchase authorization by $884 million, bringing total availability under the current program to $1.5 billion. The program has no expiration date.
The board also approved a quarterly cash dividend of $0.81 per share, payable Aug. 27, 2026, to shareholders of record as of Aug. 19, 2026. Bidzos said VeriSign returned more than 100% of free cash flow to shareholders over the last 12 months through $1.17 billion in repurchases and dividends.
Bidzos said VeriSign has not paused its new product efforts, although it delayed related blog rollouts while focusing on .web delegation. He said the products are security-focused and rely on the company’s infrastructure, public key infrastructure history and DNS security experience.
Management said the products are designed for performance, reliability and global scale, with Bidzos pointing to increasing reliance on online services, especially AI-related services, and the need for deeper deployment of security technologies.
About VeriSign (NASDAQ:VRSN)VeriSign, Inc NASDAQ: VRSN is an internet infrastructure company that operates critical components of the global Domain Name System (DNS) and provides cybersecurity-related services. The company is best known as the authoritative registry operator for the .com and .net top-level domains, maintaining the central databases and zone files that enable domain name resolution for millions of websites. VeriSign's registry role is performed under contractual agreements with Internet Corporation for Assigned Names and Numbers (ICANN) and involves high-availability, highly secure operations to support continuous internet connectivity.
In addition to its registry business, VeriSign offers a suite of services designed to protect and accelerate DNS and internet traffic for enterprises and service providers.
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Lyft uzavřel na 14,02 USD, tedy o 4,37 % níže za den, a zaostal za širším trhem. Investoři sledují výsledky hospodaření, které mají být zveřejněny 6. srpna 2026.
In the latest trading session, Lyft (LYFT - Free Report) closed at $14.02, marking a -4.37% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 1.21%. On the other hand, the Dow registered a loss of 0.97%, and the technology-centric Nasdaq decreased by 2.15%.
The stock of ride-hailing company has risen by 1.81% in the past month, leading the Computer and Technology sector's loss of 4.58% and the S&P 500's gain of 0.42%.
Analysts and investors alike will be keeping a close eye on the performance of Lyft in its upcoming earnings disclosure. The company's earnings report is set to go public on August 6, 2026. The company's upcoming EPS is projected at $0.39, signifying a 56.00% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.81 billion, reflecting a 13.68% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.57 per share and revenue of $7.3 billion, which would represent changes of +227.08% and +15.51%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Lyft. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Lyft is holding a Zacks Rank of #5 (Strong Sell) right now.
Investors should also note Lyft's current valuation metrics, including its Forward P/E ratio of 9.34. This indicates a discount in contrast to its industry's Forward P/E of 16.56.
Investors should also note that LYFT has a PEG ratio of 0.38 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Services industry currently had an average PEG ratio of 1.83 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 95, positioning it in the top 39% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Gemini poslala super PAC MAGA Inc. dar ve výši 10 milionů USD v bitcoinu. Dar přišel krátce poté, co Gemini a CFTC požádaly soud o přezkoumání 5milionového vyrovnání.
Gemini Trust Company, a prominent cryptocurrency exchange co-founded by Cameron and Tyler Winklevoss, has contributed $10 million in Bitcoin to a super PAC backing US President Donald Trump, according to financial filings released this week.
Major Bitcoin donation tied to CFTC case developmentsThe contribution was disclosed in MAGA Inc. Super PAC’s July report to the Federal Election Commission. The filing reveals that Gemini sent two separate Bitcoin donations, each exceeding $5 million, on June 19. MAGA Inc., a political action committee supporting Trump, can use the funds for independent expenditures during the 2024 presidential campaign.
This significant donation was recorded just weeks after the Commodity Futures Trading Commission (CFTC) and Gemini jointly requested a federal court to consider reversing a $5 million settlement reached in January 2025. The case centers on allegations that Gemini provided false or misleading statements.
Michael Selig, CFTC Chair and the agency’s only current commissioner, has asserted that previous enforcement actions against Gemini were politically motivated under former President Joe Biden’s administration, targeting the Winklevoss brothers.
The CFTC, led by Selig, claimed that the Biden administration “politically targeted” the Winklevosses through enforcement, highlighting tensions surrounding regulatory action in the crypto sector.
Beyond the $10 million donation, the Winklevoss twins previously contributed $1 million each to Trump’s 2024 campaign and have shown vocal support for his presidency on social media. After Trump’s return to office in January 2025, the brothers appeared at the signing ceremony for the GENIUS Act, a stablecoin payments bill, and backed his sons’ crypto mining venture, American Bitcoin. They have also contributed $21 million in Bitcoin to the Digital Freedom Fund PAC, aimed at advancing crypto-friendly policies.
Ongoing court proceedings and political reactionsNo final decision has been made public regarding the joint CFTC-Gemini request, which was filed with the US District Court for the Southern District of New York in May. The CFTC stated in June that if the court grants reversal, the $5 million penalty will not be returned to Gemini.
Senator Elizabeth Warren sent a letter to CFTC Chair Selig in June, raising concerns that the joint motion and recent actions suggest the agency may be influenced by political pressures and wealthy insiders, warning of risks to market integrity and investor protection.
As of June 30, MAGA Inc. reported total receipts exceeding $397 million.
RecipientAmountAssetDateMAGA Inc. Super PAC$10 millionBitcoin (BTC)June 19, 2025Trump 2024 Campaign$2 millionUSDPrior to June 2025Digital Freedom Fund PAC$21 millionBitcoin (BTC)Prior to June 2025Selig’s unique position and crypto regulationMichael Selig, a Republican who was confirmed as CFTC Chair in December 2025, is currently serving as the sole commissioner on the panel, which is traditionally composed of five bipartisan members. The Commodity Futures Trading Commission is responsible for regulating US derivatives markets, including those related to digital assets.
Lawmakers from both parties have urged President Trump to nominate additional commissioners to restore the commission’s normal composition, especially as Congress debates the Digital Asset Market Clarity (CLARITY) Act. The pending bill would expand the CFTC’s authority over digital asset markets, establishing clearer rules and oversight mechanisms.
As of the latest updates, the White House had not put forward new nominations for the CFTC, meaning Selig continues to manage the agency’s regulatory agenda.
Mini dictionary: Commodity Futures Trading Commission (CFTC), an independent US government agency that regulates derivatives markets, including futures, options, and swaps, and increasingly digital assets. It plays a key role in establishing legal frameworks for crypto-related trading.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ripple vyzývá Senát, aby schválil Clarity Act po jeho průchodu Sněmovnou. Stuart Alderoty tvrdí, že zákon posílí ochranu spotřebitelů a pravidla AML/KYC.
Ripple Chief Legal Officer Stuart Alderoty has renewed calls for lawmakers to advance the Clarity Act, legislation designed to regulate the cryptocurrency and digital asset industries in the United States. The bill, formally known as H.R. 3633, cleared the House of Representatives in July 2025 with a 294-134 vote and now awaits action in the Senate Banking Committee following its executive session in May 2026.
Ripple CLO highlights need for stronger consumer protectionsAlderoty described the Clarity Act as a vital step for consumer protection, specifically noting its anti-money laundering and know-your-customer requirements. He argued these provisions, alongside new enforcement tools for federal authorities and state attorneys general, would provide more robust safeguards for both consumers and legitimate businesses in the digital asset sector.
Stuart Alderoty, the top legal executive at Ripple—a blockchain payments company known for its XRP cryptocurrency—has played a prominent role in shaping internal legal policy amid ongoing regulatory scrutiny from U.S. agencies.
The Clarity Act is a consumer protection bill. It addresses the need for “strong AML/KYC requirements” and “real tools for law enforcement and state AGs,” Alderoty stated, pressing lawmakers not to let perfection delay meaningful reform: “Perfect can’t be the enemy of good. Let’s get this done.”
He warned that continued ambiguity around digital asset standards would leave consumers vulnerable to a lack of clear protections, with regulatory gaps that bad actors could once again exploit.
Industry observers scrutinize self-custody provisionsDespite the consumer focus, some in the crypto community see significant unanswered questions in the current draft of the Clarity Act. XRP enthusiast and XRPL validator Justin Nevins examined Senate revisions, suggesting the bill’s self-custody protections, while expanded from earlier versions, mainly apply to those holding digital assets for buying goods or services, not necessarily investors or savers.
Nevins pointed out that the “Keep Your Coins Act” section would prohibit federal agencies from restricting lawful self-custody of digital assets in self-hosted wallets, but the scope of “covered user” remains ambiguous. This uncertainty could affect those who prefer to hold cryptocurrencies as investments or for savings rather than for direct transactions.
The protections for self-custody would not override financial crime or sanctions laws, so authorities could still bar or restrict certain activities even if asset control stays with the user.
Mini dictionary: Senate Banking Committee, the U.S. Senate panel responsible for reviewing and making recommendations on banking, financial, and monetary policy, including legislation related to securities and digital assets.
Self-custody rights are recognized but must still comply with anti-money laundering and sanctions enforcement, so these provisions do not grant unrestricted crypto use.
Developer and DeFi protections under reviewAnother focus of the bill involves protections for blockchain developers. The Senate draft outlines safeguards for software developers, node operators, transaction validators, and others performing technical functions, ensuring these parties are not automatically classified as money transmitters under federal law.
However, these protections seem to depend on whether someone maintains operational control over a protocol. The question of who holds administrative privileges or upgrade keys is particularly relevant to decentralized finance (DeFi) projects, which often aim to limit centralized oversight.
Protocols that allow administrators to alter operations, censor access, or change functions midstream could lose some of these legal protections, highlighting the importance of true decentralization to qualify under the proposed law.
ProvisionImpacted PartiesConditionsSelf-custody protectionDigital asset usersLawful purposes only; subject to AML/Sanctions lawsDeveloper exemptionSoftware developers, validatorsNo protocol control or administrative privilegesThere are also questions about the legal treatment of front-end interfaces, governance activity, and liquidity pool operations, which may require further regulatory guidance in future rulemaking.
SEC and CFTC roles clarified, but debate continuesA central aim of the Clarity Act is to set statutory definitions that delineate which digital assets fall under the Securities and Exchange Commission (SEC) or Commodity Futures Trading Commission (CFTC) oversight. By clarifying the regulatory divide, the bill seeks to reduce market uncertainty for exchanges, brokers, and innovators.
Supporters argue this approach is preferable to regulation by enforcement, while critics question whether all loopholes and potential conflicts have been resolved in the draft language.
Ripple and XRP community closely monitor developmentsThe debate carries particular weight for Ripple and the wider XRP network, given Ripple’s long-standing regulatory disputes in the United States. The company has highlighted the need for clearer laws rather than piecemeal enforcement, which can deter innovation and market participation.
A federal framework could affect how exchanges, financial firms, and developers interact with the XRP Ledger, though the ultimate impact depends on the final legislative text and subsequent implementation by regulators.
With the bill still under review and subject to amendments, it is uncertain what effect the final law might have on the regulatory status of $XRP or similar digital assets.
Next steps and unresolved issuesThe Clarity Act’s specifics on self-custody and developer protections remain important for various sectors of the digital asset market. The bill’s definition of control, as well as exceptions tied to financial crime enforcement, could significantly influence its reach.
Whether these features ultimately address industry concerns or require further revisions will depend on congressional negotiations and future regulatory interpretation.
For now, the ongoing legislative process will determine if the Clarity Act brings a lasting solution to the call for regulatory certainty in the U.S. crypto sector.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Boardwalk, a protocol built around fee protection and transparent token economies, has flipped the switch on its BMX-to-BWLK migration module. The tool, now live on the project’s website, lets eligible holders of BMX tokens on Base convert them into staked BWLK tokens on Ethereum at a clean 1:1 ratio.
How the migration works BMX holders connect to the migration module, submit their tokens, and receive staked BWLK in return. The 1:1 exchange rate removes guesswork.
Boardwalk first announced the migration on July 15, followed by a timeline confirmation on July 20. The module itself went live on July 23, sticking to the announced schedule.
The migration window will remain open for approximately six months.
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BWLK is being deployed across multiple platforms, including Ethereum, Base, Robinhood, and Arbitrum. Native liquidity incentives are part of the rollout, designed to bootstrap trading activity across these venues.
The supply math behind BWLK BWLK was originally launched through a Uniswap Continuous Clearing Auction, or CCA. The initial planned supply was 3,150,000 tokens.
Boardwalk burned 160,222 tokens, bringing the current total supply down to 2,989,778 BWLK — about 5% of the planned supply permanently removed before the migration module went live.
The burn aligns with Boardwalk’s stated focus on maintaining a “balanced supply” while keeping its community actively involved in governance decisions. The project has implemented public snapshot reviews and staked token distributions as part of this framework.
Why cross-chain migrations matter The inclusion of Robinhood in the deployment list is particularly notable. Robinhood’s crypto platform caters to retail users who may never interact with a DEX or bridge, opening BWLK to an audience outside traditional DeFi.
Boardwalk has been sharing official links through its Discord and other community channels specifically to help users avoid scam contracts that impersonate migration tools.
The staked nature of the received BWLK tokens means migrated tokens are immediately put to work within the protocol’s staking mechanism. Holders should understand any lock-up periods or unstaking delays before committing.
What this means for investors For existing BMX holders, the migration offers six months to convert at a guaranteed 1:1 rate into a token with a current supply of 2,989,778 — live on Ethereum, Base, Arbitrum, and Robinhood.
A supply of just under 3 million tokens is already quite small by crypto standards. Thin order books on a low-supply token can lead to violent price swings in either direction.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
BitMine zvýšil objem stakovaných ETH z 0,41 milionu na více než 4,9 milionu a roční výnosy zhruba na 244 milionů USD. Firma nyní drží asi 5,77 milionu ETH, tedy kolem 4,8 % nabídky.
BitMine Immersion Technologies has gone from staking 0.41 million ETH to over 4.9 million, catapulting its annualized revenue from roughly $34 million to an estimated $244 million. For a company that used to be known primarily as a Bitcoin miner, that’s quite the career change.
The NYSE-listed firm (ticker: BMNR), co-founded by Fundstrat’s Tom Lee, now holds approximately 5.77 million ETH tokens. That’s about 4.8% of Ethereum’s entire circulating supply, making BitMine the largest corporate Ethereum treasury on the planet, valued at roughly $11.1 billion at recent prices.
From pickaxes to proof-of-stake BitMine’s pivot began around June 30, 2025, when the company restructured its operations to focus almost entirely on ETH accumulation and staking.
The vehicle for this transformation is MAVAN, BitMine’s proprietary validator network built to handle large-scale staking operations. Over 85% of the company’s ETH holdings, more than 4.9 million tokens, are now actively staked through this infrastructure.
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In the fiscal quarter ended May 31, 2026, BitMine reported total revenues of $46.5 million, a 22x increase year-over-year. Ethereum staking contributed $45.7 million of that total, representing 98% of all revenue.
Annualized projections for staking revenue land somewhere between $235 million and $284 million, depending on yield assumptions.
The Alchemy of 5% BitMine has branded its accumulation strategy the “Alchemy of 5%,” targeting ownership of 5% of Ethereum’s total supply. At 4.8%, they’re essentially there already.
The institutional backing behind this bet is notable. ARK Invest, Founders Fund, and Pantera are all counted among BitMine’s investors.
BitMine’s approach mirrors what MicroStrategy (now Strategy) did with Bitcoin, but with a critical difference. Staked ETH generates yield. Bitcoin sitting in a corporate treasury does not.
The risks no one wants to talk about Accumulating nearly 5% of any asset’s supply creates concentration risk that cuts both ways. BitMine’s position is large enough to influence staking yields across the Ethereum network, and any forced selling, whether due to regulatory pressure, operational issues, or liquidity needs, could move the market in ways that would hurt the company itself.
One specific concern worth flagging: BitMine has entered a decade-long partnership agreement with Ethereum Tower. The details of that arrangement raise questions about how easily BitMine could exit its staking positions if circumstances required it.
There’s also the yield compression issue. As more capital flows into Ethereum staking, rewards per validator trend downward. The difference between the low and high end of their annualized revenue estimate, $235 million versus $284 million, essentially reflects this uncertainty.
Slashing risk, while statistically rare for well-run validators, also scales with the size of the operation. Running thousands of validators through MAVAN means thousands of opportunities for something to go wrong, and at BitMine’s scale, penalties would translate into millions of dollars in losses.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
ETH ve čtvrtek klesl o 3 % a zůstává pod 1 900 USD, i když open interest v derivátech vzrostl na 14,60 milionu ETH. US spot ETH ETF zároveň zaznamenaly čtvrtý den čistého přílivu 72,64 milionu USD.
Ethereum price today: $1,880Ethereum shaved 3% off its market cap on Thursday following an increase in open interest and brief negative funding rate flip.Four consecutive days of inflows into US spot ETH ETFs indicate continued recovery in institutional demand, but spot sentiment in the region has yet to flip positive.ETH fails to clear the 100-day EMA overhead.Ethereum (ETH) is hovering slightly below the $1,900 level, down 3% on Thursday following a slight expansion in derivatives interest.
The top altcoin's open interest has increased to 14.60 million ETH, marking a 600K ETH increase over the past two days and its highest level since June 7.
Open interest is the total worth of outstanding contracts in a derivatives market. Earlier in July, when ETH began its recovery, OI remained flat before the slight rise this week.
ETH Open Interest. Source: CoinglassA similar trend is noticed in the Estimated Leverage Ratio (ELR), which has largely remained flat before a slight rise over the past week.
The ELR measures an asset's open interest compared to its exchange reserves to give a view of the amount of leverage traders are using relative to spot pressure.
ETH Estimated Leverage Ratio. Source: CryptoQuantFunding rates have also been largely positive throughout the month but have begun to ease this week and briefly flipped negative on Thursday, the first time since June 29. Funding rates are periodic payments between long and short traders in perpetual futures markets to keep a contract's price aligned with its underlying spot counterpart.
Funding Rates. Source: CoinglassThe returning leverage could help expand ETH's recent rise, but emerging signals of a negative flip in funding rates also bring a price squeeze into the picture.
Meanwhile, on the institutional side, US spot ETH exchange-traded funds (ETFs) continued their positive streak, recording $72.64 million in net inflows on Thursday, according to SoSoValue data. The move marks a fourth consecutive day of net inflows for the products.
While US institutional interest is recovering, spot traders' sentiment in the region has yet to flip positive. The Coinbase Premium Index, which tracks sentiment among traders in the region, has remained in negative territory for nearly three months. A sustained move into positive territory could spread bullish sentiment into other regions.
ETH Coinbase Premium Index. Source: CryptoQuantEthereum Price Forecast: ETH falters before 100-day EMA againEthereum recorded $41.55 million in liquidations over the past 24 hours, led by $34.40 million in long liquidations, per Coinglass data.
On the daily chart, ETH is holding a constructive short-term tone as it remains above both the 20- and 50-day Exponential Moving Averages (EMAs) at $1,837 and $1,829. However, the upside remains challenged by a broader downtrend, with the 100-day EMA at $1,937 acting as a key overhead barrier, while momentum gauges remain supportive.
The Relative Strength Index (RSI) and Stochastic have eased toward 57 and 66, respectively, both hinting at steady but not extreme buying pressure.
On the topside, initial resistance emerges at the horizontal level of $1,909, ahead of the 100-day EMA at $1,937, with further bullish extension targeting $2,018 and then $2,107, where a denser supply zone begins toward $2,211 and $2,388.
ETH/USDT daily chartOn the downside, immediate support comes from the 20- and 50-day EMAs, followed by a more established floor at $1,806. A deeper pullback would expose $1,741, while only a break below $1,524 would seriously undermine the current constructive bias toward higher levels.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Šéf Swan Bitcoin Cory Klippsten tvrdí, že Tether fakticky kontroluje Twenty One a využívá ji k prosazování svých zájmů v USA. Jack Mallers označil jeho roli za „ceremoniální“ a uvedl, že z funkce CEO odstupuje.
Swan Bitcoin CEO Cory Klippsten sharply criticized stablecoin giant Tether and Jack Mallers, who recently stepped down as CEO of Twenty One Capital.
Although Klippsten said Tether had "obfuscated it to some degree," he argued that the company effectively controls Twenty One, a publicly traded U.S.-based bitcoin treasury company.
Klippsten also alleged that Twenty One is being used as a vehicle to advance Tether’s interests in the U.S. "It's kind of their U.S. entity for them to do U.S. things and, you know, line pockets where needed for political reasons," he said during an interview on The Starting Block podcast on Thursday.
The Swan Bitcoin CEO didn't offer any evidence to support his claim about Tether using Twenty One for political reasons. Tether didn't immediately respond to a request for comment.
USDT, the world’s largest stablecoin, is primarily oriented toward markets outside the United States. Tether restricts most U.S. persons from directly using its platform, although USDT can still circulate through secondary markets. The company has nevertheless been working to expand its American footprint.
Besides launching USAT, a stablecoin designed specifically for the U.S. market, Tether backed the creation of Twenty One, which trades on the New York Stock Exchange under the ticker XXI.
Twenty One Capital (XXI) stock price chart. Source: The Block/TradingView Last year, Twenty One was created through a SPAC merger with Cantor Equity Partners. It launched with $3.6 billion in bitcoin on its balance sheet, at the time making it the third-largest holder of bitcoin among publicly traded companies. Strike founder Jack Mallers was named CEO of Twenty One.
Mallers exited Twenty One this week as his company Strike also dropped out of a potential merger. Tether Investments, Twenty One's majority shareholder, proposed in April a two-stage merger that would have folded Strike into Twenty One, which would then merge with bitcoin miner Elektron Energy.
"I've decided to step down as CEO of Twenty One," Mallers posted to social media amid his departure. "My life's work remains Bitcoin. My Bitcoin company is Strike. The work continues."
Klippsten characterized Mallers' position at the company as "ceremonial," saying the Strike founder's role was primarily to promote Twenty One's shares.
"He did his job, which was to shill the stock last April, which he did very aggressively," added Klippsten, who also said he doesn't believe it was Mallers' decision to leave Twenty One.
Mallers didn't immediately respond to a request for comment.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
Ovintiv zvýšil celoroční produkční výhled na 630–645 MBOE/d při nezměněných kapitálových výdajích 2,25–2,35 miliardy USD. Ve 2. čtvrtletí vrátil akcionářům asi 63 % volného peněžního toku hlavně prostřednictvím zpětných odkupů akcií.
Increasing Share Buybacks; Full Year Production Guidance Raised; Capital Guidance Unchanged
Highlights:
Generated second quarter cash from operating activities of $1.6 billion, Non-GAAP Cash Flow of approximately $1.3 billion and Non-GAAP Free Cash Flow of $682 million after capital expenditures of $574 million Produced average second quarter volumes of 615 thousand barrels of oil equivalent per day ("MBOE/d"), including oil and condensate volumes of 206 thousand barrels per day ("Mbbls/d"), above the high end of company guidance, along with 82 Mbbls/d of other NGLs (C2 to C4) and 1,959 million cubic feet per day ("MMcf/d") of natural gas Closed the sale of the Company's Anadarko assets for total cash proceeds of approximately $2.82 billion after preliminary closing adjustments and transaction costs Net Debt of $2.995 billion as of June 30, 2026, Net Debt to Adjusted EBITDA of 0.6x Returned approximately 63% of second quarter Non-GAAP Free Cash Flow to shareholders via share repurchases of approximately $345 million (6.1 million shares) and dividend payments of $84 million Full year 2026 shareholder returns expected to exceed 60% of Non-GAAP Free Cash Flow, up from 45% year-to-date Revised full year 2026 guidance to reflect higher expected oil and condensate production for the same capital investment; representing 4% production per share growth , /PRNewswire/ -- Ovintiv Inc. (NYSE: OVV) (TSX: OVV) ("Ovintiv" or the "Company") today announced its second quarter 2026 financial and operating results. The Company plans to hold a conference call and webcast at 9:00 a.m. MT (11:00 a.m. ET) on July 24, 2026. Please see dial-in details within this release, as well as additional details on the Company's website at www.ovintiv.com under Presentations and Events – Ovintiv.
Ovintiv Reports Second Quarter 2026 Financial and Operating Results "Our second quarter results continued to demonstrate industry-leading performance across the board driven by our stacked innovation approach," said Ovintiv President and CEO, Brendan McCracken. "Our company is positioned with a deep inventory of superior-return drilling locations, a fortified balance sheet, and leading edge well costs and oil productivity performance. The outcomes of our strategic execution are reflected in our results. Halfway through the year, we've generated more than $1.3 billion of Free Cash Flow, organically replaced our full-year 2026 drilling locations in both the Permian and the Montney, and are set to grow oil production per share by 4% with no increase to activity or capital expenditure."
Second Quarter 2026 Financial and Operating Results
Reported second quarter net earnings of $456 million, or $1.62 per share diluted, which included a loss on the divestiture of the Company's Anadarko assets of $337 million, before tax Recognized a net gain on risk management in revenues of $122 million, before tax Generated cash from operating activities of $1.6 billion and Non-GAAP Cash Flow of approximately $1.3 billion Second quarter average total production volumes were approximately 615 MBOE/d, including 206 Mbbls/d of oil and condensate, 82 Mbbls/d of other NGLs (C2 to C4) and 1,959 MMcf/d of natural gas Second quarter capital investment of $574 million was at the midpoint of the guidance range of $550 million to $600 million Reported second quarter upstream operating expense of $3.25 per BOE, upstream transportation and processing costs of $9.47 per BOE, production, mineral and other taxes of $1.43 per BOE, or 3.5% of upstream product revenue Excluding the impact of hedges, second quarter average realized price for oil and condensate was $97.50 per barrel (105% of WTI), $21.67 per barrel for other NGLs, and $1.71 per Mcf (59% of NYMEX) for natural gas, resulting in a total average realized price of $41.00 per BOE Including the impact of hedges, second quarter average realized price for oil and condensate was $91.22 per barrel (98% of WTI), $21.67 per barrel for other NGLs, and $1.99 per Mcf (69% of NYMEX) for natural gas, resulting in a total average realized price of $39.79 per BOE 2026 Guidance
The Company issued its third quarter 2026 guidance and revised its full year guidance. Full year production volumes are expected to average 630 MBOE/d to 645 MBOE/d, driven by increases in oil and condensate and NGL volumes. Full year expected capital investment is unchanged at $2.25 billion to $2.35 billion.
2026 Guidance
3Q 2026
Full Year 2026
Total Production (MBOE/d)
615 – 640
630 – 645
Oil & Condensate (Mbbls/d)
205 – 210
210 – 212
NGLs (C2 to C4) (Mbbls/d)
75 – 80
83 – 85
Natural Gas (MMcf/d)
2,000 – 2,100
2,025 – 2,075
Capital Investment ($ Millions)
$550 – $600
$2,250 – $2,350
Shareholder Returns
Ovintiv's shareholder return framework commits to returning 50% to 100% of annual Non-GAAP Free Cash Flow to shareholders via the combination of base dividend payments and share buybacks.
Second quarter shareholder returns totaled approximately $429 million, or approximately 63% of Non-GAAP Free Cash Flow, consisting of share buybacks of approximately $345 million, or approximately 6.1 million shares of common stock, and base dividend payments of approximately $84 million.
As of June 30, 2026, year-to-date shareholder returns totaled approximately $598 million, or approximately 45% of Non-GAAP Free Cash Flow, consisting of share buybacks of approximately $429 million, or approximately 7.6 million shares of common stock, and base dividend payments of approximately $169 million. Ovintiv expects full year 2026 shareholder returns to total more than 60% of Non-GAAP Free Cash Flow.
Continued Balance Sheet Focus
As of June 30, 2026, Ovintiv's Net Debt was $2.995 billion and Net Debt to Adjusted EBITDA was approximately 0.6 times. The Company had approximately $4.4 billion in total liquidity, which included available credit facilities of $3.5 billion, available uncommitted demand lines of $159 million, and cash and cash equivalents of $700 million.
Ovintiv redeemed its $700 million, 5.65% senior notes due May 15, 2028, on April 20, 2026. Annualized interest savings from the note redemption are expected to total approximately $40 million.
Dividend Declared
On July 23, 2026, Ovintiv's Board declared a quarterly dividend of $0.30 per share of common stock payable on September 29, 2026, to shareholders of record as of September 15, 2026.
Asset Highlights
Permian
Permian production averaged 231 MBOE/d (78% liquids) in the second quarter with 38 net wells turned in line ("TIL"). Full year 2026 capital investment is expected to total approximately $1.325 billion to $1.375 billion in the play to run approximately 5 rigs and bring on an expected 125 to 135 net wells. For the second half of the year, oil and condensate production is expected to average approximately 125 Mbbls/d and natural gas production is expected to average 280 to 305 MMcf/d.
Montney
Montney production averaged 374 MBOE/d (27% liquids) in the second quarter with 40 net wells TIL. Full year 2026 capital investment is expected to total approximately $875 million to $925 million in the play to run approximately 6 rigs and bring on an expected 130 to 140 net wells. For the second half of the year, oil and condensate production is expected to average 80 to 85 Mbbls/d and natural gas production is expected to average 1.7 to 1.8 Bcf/d.
For additional information, please refer to the Second Quarter 2026 Results Presentation available on Ovintiv's website, www.ovintiv.com under Presentations and Events – Ovintiv. Supplemental Information, and Non-GAAP Definitions and Reconciliations, are available on Ovintiv's website under Financial Document Library – Ovintiv.
Conference Call Information
A conference call and webcast to discuss the Company's second quarter 2026 results will be held at 9:00 a.m. MT (11:00 a.m. ET) on July 24, 2026.
To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/4jChG1W to receive an instant automated call back. You can also dial direct to be entered to the call by an Operator. Please dial 888-510-2154 (toll-free in North America) or 437-900-0527 (international) approximately 15 minutes prior to the call.
The live audio webcast of the conference call, including slides and financial statements, will be available on Ovintiv's website, www.ovintiv.com under Investors/Presentations and Events. The webcast will be archived for approximately 90 days.
Refer to Note 1 Non-GAAP measures and the tables in this release for reconciliation to comparable GAAP financial measures.
Capital Investment and Production
(for the period ended June 30)
2Q 2026
2Q 2025
Capital Expenditures (1) ($ millions)
574
521
Oil (Mbbls/d)
123.0
142.0
NGLs – Plant Condensate (Mbbls/d)
82.8
69.2
Oil & Plant Condensate (Mbbls/d)
205.8
211.2
NGLs – Other (Mbbls/d)
82.4
95.5
Total Liquids (Mbbls/d)
288.2
306.7
Natural gas (MMcf/d)
1,959
1,851
Total production (MBOE/d)
614.6
615.3
1) Including capitalized directly attributable internal costs.
Second Quarter Financial Summary
(for the period ended June 30)
($ millions)
2Q 2026
2Q 2025
Cash From (Used In) Operating Activities
Deduct (Add Back):
Net change in other assets and liabilities
Net change in non-cash working capital
1,632
(4)
380
1,013
(11)
111
Non-GAAP Cash Flow (1)
1,256
913
Non-GAAP Cash Flow (1)
1,256
913
Less: Capital Expenditures (2)
574
521
Non-GAAP Free Cash Flow (1)
682
392
Net Earnings (Loss) Before Income Tax
Before-tax (Addition) Deduction:
Unrealized gain (loss) on risk management
Non-operating foreign exchange gain (loss)
Gain (loss) on divestitures, net
539
190
(31)
(337)
399
54
(3)
-
Adjusted Earnings (Loss) Before Income Tax
Income tax expense (recovery)
717
226
348
83
Non-GAAP Adjusted Earnings (1)
491
265
1)
Non-GAAP Cash Flow, Non-GAAP Free Cash Flow and Non-GAAP Adjusted Earnings are non-GAAP measures as defined in Note 1.
2)
Including capitalized directly attributable internal costs.
Realized Pricing Summary (Including the impact of realized gains (losses) on risk management)
(for the period ended June 30)
2Q 2026
2Q 2025
Liquids ($/bbl)
WTI
92.79
63.74
Realized Liquids Prices
Oil
91.53
65.23
NGLs – Plant Condensate
90.74
60.79
Oil & Plant Condensate
91.22
63.77
NGLs – Other
21.67
18.28
Total NGLs
56.29
36.14
Natural Gas
NYMEX ($/MMBtu)
2.90
3.44
Realized Natural Gas Price ($/Mcf)
1.99
2.38
Cost Summary
(for the period ended June 30)
($/BOE)
2Q 2026
2Q 2025
Production, mineral and other taxes
1.43
1.31
Upstream transportation and processing
9.47
7.62
Upstream operating
3.25
3.84
Administrative, excluding long-term incentive, restructuring, transaction and legal costs
1.28
1.19
Debt to EBITDA (1)
($ millions, except as indicated)
June 30, 2026
December 31, 2025
Long-Term Debt, including Current Portion
3,695
5,202
Net Earnings (Loss)
920
1,242
Add back (Deduct):
Depreciation, depletion and amortization
2,158
2,179
Interest
388
376
Income tax expense (recovery)
(644)
(472)
EBITDA
2,822
3,325
Debt to EBITDA (times)
1.3
1.6
1) Debt to EBITDA is a non-GAAP measure as defined in Note 1.
Debt to Adjusted EBITDA (1)
($ millions, except as indicated)
June 30, 2026
December 31, 2025
Long-Term Debt, including Current Portion
3,695
5,202
Net Earnings (Loss)
920
1,242
Add back (Deduct):
Depreciation, depletion and amortization
Impairments
2,158
1,675
2,179
920
Accretion of asset retirement obligation
28
28
Interest
388
376
Unrealized (gains) losses on risk management
(135)
(6)
Foreign exchange (gain) loss, net
(Gain) loss on divestitures, net
20
337
31
-
Other (gains) losses, net
(72)
(46)
Income tax expense (recovery)
(644)
(472)
Adjusted EBITDA
4,675
4,252
Debt to Adjusted EBITDA (times)
0.8
1.2
1) Debt to Adjusted EBITDA is a non-GAAP measure as defined in Note 1.
Net Debt to Adjusted EBITDA (1)
($ millions, except as indicated)
June 30, 2026
December 31, 2025
Long-Term Debt, including Current Portion
3,695
5,202
Less:
Cash and cash equivalents
700
35
Net Debt
2,995
5,167
Adjusted EBITDA
4,675
4,252
Net Debt to Adjusted EBITDA (times)
0.6
1.2
1) Net Debt to Adjusted EBITDA is a non-GAAP measure as defined in Note 1.
Hedge Details(1) as of June 30, 2026
Oil and Condensate Hedges ($/bbl)
3Q 2026
4Q 2026
1Q 2027
2Q 2027
3Q 2027
4Q 2027
WTI Fixed Price Swaps
4 Mbbls/d
$61.67
4 Mbbls/d
$61.93
0
-
0
-
0
-
0
-
WTI 3-Way Options
Call Strike
Put Strike
Sold Put Strike
51 Mbbls/d
$70.87
$59.26
$50.08
41 Mbbls/d
$70.21
$57.22
$50.10
40 Mbbls/d
$85.56
$59.34
$50.00
10 Mbbls/d
$112.53
$60.00
$50.00
0
-
-
-
0
-
-
-
WTI Collars
Call Strike
Put Strike
1 Mbbls/d
$67.79
$56.32
1 Mbbls/d
$67.79
$56.32
0
-
-
0
-
-
0
-
-
0
-
-
Natural Gas Hedges ($/Mcf)
3Q 2026
4Q 2026
1Q 2027
2Q 2027
3Q 2027
4Q 2027
NYMEX Fixed Price Swaps
20 MMcf/d
$4.07
20 MMcf/d
$4.07
0
-
0
-
0
-
0
-
NYMEX 3-Way Options
Call Strike
Put Strike
Sold Put Strike
450 MMcf/d
$5.92
$3.33
$2.58
450 MMcf/d
$5.92
$3.33
$2.58
300 MMcf/d
$5.04
$3.50
$2.50
200 MMcf/d
$4.49
$3.50
$2.50
200 MMcf/d
$4.49
$3.50
$2.50
200 MMcf/d
$4.49
$3.50
$2.50
NYMEX Collars
Call Strike
Put Strike
95 MMcf/d
$5.27
$3.75
95 MMcf/d
$5.27
$3.75
15 MMcf/d
$4.72
$3.50
15 MMcf/d
$4.72
$3.50
15 MMcf/d
$4.72
$3.50
15 MMcf/d
$4.72
$3.50
AECO Nominal Basis Swaps
338 MMcf/d
($1.25)
338 MMcf/d
($1.25)
260 MMcf/d
($1.17)
260 MMcf/d
($1.17)
260 MMcf/d
($1.17)
260 MMcf/d
($1.17)
AECO Fixed Price Swaps
152 MMcf/d
$2.26
118 MMcf/d
$2.30
100 MMcf/d
$2.00
219 MMcf/d
$1.78
219 MMcf/d
$1.78
106 MMcf/d
$2.00
AECO Collars
Call Strike
Put Strike
10 MMcf/d
$2.15
$1.69
3 MMcf/d
$2.15
$1.69
0
-
-
0
-
-
13 MMcf/d
$2.36
$1.76
20 MMcf/d
$2.36
$1.76
Waha Nominal Basis Swaps
0
-
50 MMcf/d
($1.98)
50 MMcf/d
($1.19)
0
-
0
-
0
-
Waha Fixed Price Swaps
50 MMcf/d
$0.74
50 MMcf/d
$1.77
0
-
0
-
0
-
0
-
NuVista Cash Flow Deduction ($MM)(2)
$34
$24
$16
$8
$12
$10
1)
Ovintiv also manages other key market basis differential risks for gas, oil and condensate.
2)
NuVista's financial hedge position at close of the acquisition was valued at ~$199 MM. Those gains are booked as assets and realized into cash over time as they are settled but are not included in Non-GAAP Cash Flow.
Important information
Ovintiv reports in U.S. dollars unless otherwise noted. Production, sales and reserves estimates are reported on an after-royalties basis, unless otherwise noted. Unless otherwise specified or the context otherwise requires, references to "Ovintiv," "we," "its," "our" or to "the Company" includes reference to subsidiaries of and partnership interests held by Ovintiv Inc. and its subsidiaries.
Please visit Ovintiv's website and Investor Relations page at www.ovintiv.com and investor.ovintiv.com, where Ovintiv often discloses important information about the Company, its business, and its results of operations.
NI 51-101 Exemption
The Canadian securities regulatory authorities have issued a decision document (the "Decision") granting Ovintiv exemptive relief from the requirements contained in Canada's National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). As a result of the Decision, and provided that certain conditions set out in the Decision are met on an on-going basis, Ovintiv will not be required to comply with the Canadian requirements of NI 51-101 and the Canadian Oil and Gas Evaluation Handbook. The Decision permits Ovintiv to provide disclosure in respect of its oil and gas activities in the form permitted by, and in accordance with, the legal requirements imposed by the U.S. Securities and Exchange Commission ("SEC"), the Securities Act of 1933, the Securities and Exchange Act of 1934, the Sarbanes-Oxley Act of 2002 and the rules of the NYSE. The Decision also provides that Ovintiv is required to file all such oil and gas disclosures with the Canadian securities regulatory authorities on www.sedarplus.ca as soon as practicable after such disclosure is filed with the SEC.
NOTE 1: Non-GAAP Measures
Certain measures in this news release do not have any standardized meaning as prescribed by U.S. GAAP and, therefore, are considered non-GAAP measures. These measures may not be comparable to similar measures presented by other companies and should not be viewed as a substitute for measures reported under U.S. GAAP. These measures are commonly used in the oil and gas industry and/or by Ovintiv to provide shareholders and potential investors with additional information regarding the Company's liquidity and its ability to generate funds to finance its operations. For additional information regarding non-GAAP measures, see the Company's website. This news release contains references to non-GAAP measures as follows:
Non-GAAP Cash Flow is a non-GAAP measure defined as cash from (used in) operating activities excluding net change in other assets and liabilities, and net change in non-cash working capital. Non-GAAP Free Cash Flow is a non-GAAP measure defined as Non-GAAP Cash Flow in excess of capital expenditures, excluding net acquisitions and divestitures. Non-GAAP Adjusted Earnings is a non-GAAP measure defined as net earnings (loss) excluding non-cash items that management believes reduces the comparability of the Company's financial performance between periods. These items may include, but are not limited to, unrealized gains/losses on risk management, impairments, non-operating foreign exchange gains/losses, and gains/losses on divestitures. Income taxes includes adjustments to normalize the effect of income taxes calculated using the estimated annual effective income tax rate. In addition, valuation allowances and the effect of non-recurring discrete transactions are excluded in the calculation of income taxes. Net Debt is defined as long-term debt, including the current portion, less cash and cash equivalents. Adjusted EBITDA, Debt to EBITDA, Debt to Adjusted EBITDA (Leverage Target/Ratio) and Net Debt to Adjusted EBITDA are non-GAAP measures. EBITDA is defined as trailing 12-month net earnings (loss) before income taxes, depreciation, depletion and amortization, and interest. Adjusted EBITDA is EBITDA adjusted for impairments, accretion of asset retirement obligation, unrealized gains/losses on risk management, foreign exchange gains/losses, gains/losses on divestitures and other gains/losses. Debt to EBITDA is calculated as long-term debt, including the current portion, divided by EBITDA. Debt to Adjusted EBITDA is calculated as long-term debt, including the current portion, divided by Adjusted EBITDA. Net Debt to Adjusted EBITDA is calculated as Net Debt, divided by Adjusted EBITDA. Debt to Adjusted EBITDA and Net Debt to Adjusted EBITDA are non-GAAP measures monitored by management as indicators of the Company's overall financial strength. ADVISORY REGARDING OIL AND GAS INFORMATION – The conversion of natural gas volumes to barrels of oil equivalent (BOE) is on the basis of six thousand cubic feet to one barrel. BOE is based on a generic energy equivalency conversion method primarily applicable at the burner tip and does not represent economic value equivalency at the wellhead. Readers are cautioned that BOE may be misleading, particularly if used in isolation.
ADVISORY REGARDING FORWARD-LOOKING STATEMENTS – This news release contains forward-looking statements or information (collectively, "forward-looking statements") within the meaning of applicable securities legislation, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, except for statements of historical fact, that relate to the anticipated future activities, plans, strategies, objectives or expectations of the Company, including the third quarter and fiscal year 2026 guidance and expected free cash flow, the presence of recoverability of estimated reserves, the expectation of delivering sustainable durable returns to shareholders in future years, plans regarding share buybacks and debt reduction, and timing and expectations regarding capital efficiencies and well completion and performance, are forward-looking statements. When used in this news release, the use of words and phrases including "anticipates," "believes," "continue," "could," "estimates," "expects," "focused on," "forecast," "guidance," "intends," "maintain," "may," "opportunities," "outlook," "plans," "potential," "strategy," "targets," "will," "would" and other similar terminology are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words or phrases. Readers are cautioned against unduly relying on forward-looking statements which, are based on current expectations and by their nature, involve numerous assumptions that are subject to both known and unknown risks and uncertainties (many of which are beyond our control) that may cause such statements not to occur, or actual results to differ materially and/or adversely from those expressed or implied. These assumptions include, without limitation: future commodity prices and basis differentials; the ability of the Company to access credit facilities and capital markets; the availability of attractive commodity or financial hedges and the enforceability of risk management programs; the Company's ability to capture and maintain gains in productivity and efficiency; the ability for the Company to generate cash returns and execute on its share buyback plan; expectations of plans, strategies and objectives of the Company, including anticipated production volumes and capital investment; the Company's ability to manage cost inflation and expected cost structures, including expected operating, transportation, processing and labor expenses; the outlook of the oil and natural gas industry generally, including impacts from war and changes to the geopolitical environment, including tariffs between the United States and Canada; and projections made in light of, and generally consistent with, the Company's historical experience and its perception of historical industry trends; and the other assumptions contained herein.
Although the Company believes the expectations represented by its forward-looking statements are reasonable based on the information available to it as of the date such statements are made, forward-looking statements are only predictions and statements of our current beliefs and there can be no assurance that such expectations will prove to be correct. All forward-looking statements contained in this news release are made as of the date of this news release and, except as required by law, the Company undertakes no obligation to update publicly, revise or keep current any forward-looking statements. The forward-looking statements contained or incorporated by reference in this news release, and all subsequent forward-looking statements attributable to the Company, whether written or oral, are expressly qualified by these cautionary statements.
The reader should carefully read the risk factors described in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and in other filings with the SEC or Canadian securities regulators, for a description of certain risks that could, among other things, cause actual results to differ from these forward-looking statements. Other unpredictable or unknown factors not discussed in this news release could also have material adverse effects on forward-looking statements.
Further information on Ovintiv Inc. is available on the Company's website, www.ovintiv.com, or by contacting:
DTCC začala používat Stellar pro on-chain vypořádání finančních transakcí. Jde o další signál rostoucí institucionální tokenizace v regulovaném prostředí.
The Depository Trust & Clearing Corporation (DTCC), a key infrastructure provider for the US capital markets, has started adopting the Stellar blockchain network for on-chain settlement of financial transactions. DTCC handles post-trade processing and settlements for equities, bonds, and funds, and is a central player in ensuring the smooth functioning of financial markets.
Regulatory clarity attracts institutionsDTCC’s selection of Stellar represents a major step toward institutional adoption of public blockchain technology. The organization’s decision demonstrates that regulatory compliance does not necessarily prevent large financial institutions from integrating public blockchain networks into their operations.
Market analyst Rajachak75 pointed out that DTCC’s move marks the first instance of a major regulatory body utilizing a public chain while maintaining strict compliance standards. As a result, compliance concerns are increasingly being seen as surmountable obstacles rather than prohibitive barriers in blockchain adoption by regulated firms.
Mini dictionary: DTCC (Depository Trust & Clearing Corporation) – The main centralized clearinghouse for securities settlement and depository functions in the US. It plays a foundational role in both post-trade operations and safeguarding the integrity of American capital markets.
Opportunities for broader tokenizationDTCC’s initiative signals to asset managers, fund administrators, and custodians that tokenization within a regulated system is increasingly feasible. This development paves the way for financial instruments such as Treasuries, money market funds, and private credit products to shift onto blockchain platforms, while still ensuring that settlements are completed in accordance with regulatory requirements.
DTCC’s adoption of the Stellar network creates a template for institutional tokenization in the capital markets, with regulatory clarity guiding the process and opening the door for broader industrial adoption.
Furthermore, developers and exchanges are now presented with new opportunities to build tools that will align blockchain platforms with existing financial data standards. Bringing compliance and traceability onto the chain supports innovation while upholding necessary oversight.
Tokenized RWA market growsThe market for tokenized real world assets (RWAs) is expanding rapidly. Data from Token Terminal reports that the total value locked in tokenized RWAs exceeded $8 billion in 2025, underlining growing investor demand for blockchain-based financial products.
MetricValueYearTokenized RWA TVL$8 billion2025Industry observers believe that widespread adoption of cross-chain standards and full interoperability with existing DTCC systems will be crucial for blockchain technology’s deeper integration into regulated financial markets. If successful, DTCC’s use of the Stellar network may offer valuable insights into how regulated markets can further embrace blockchain solutions in the coming years.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
In the latest trading session, ConocoPhillips (COP - Free Report) closed at $120.20, marking a +1.19% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 1.21%. Meanwhile, the Dow experienced a drop of 0.97%, and the technology-dominated Nasdaq saw a decrease of 2.15%.
Prior to today's trading, shares of the energy company had gained 11.1% outpaced the Oils-Energy sector's gain of 5.23% and the S&P 500's gain of 0.42%.
Investors will be eagerly watching for the performance of ConocoPhillips in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 6, 2026. In that report, analysts expect ConocoPhillips to post earnings of $2.96 per share. This would mark year-over-year growth of 108.45%. At the same time, our most recent consensus estimate is projecting a revenue of $17.54 billion, reflecting a 18.98% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $9.2 per share and revenue of $66.91 billion. These totals would mark changes of +49.35% and +8.72%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for ConocoPhillips. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 8.78% lower. As of now, ConocoPhillips holds a Zacks Rank of #4 (Sell).
From a valuation perspective, ConocoPhillips is currently exchanging hands at a Forward P/E ratio of 12.91. This denotes a discount relative to the industry average Forward P/E of 19.19.
We can also see that COP currently has a PEG ratio of 1.43. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Oil and Gas - Integrated - United States industry was having an average PEG ratio of 1.96.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 205, putting it in the bottom 17% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
BioNTech se odklání od COVID a sází na onkologii, kde má přes 25 probíhajících studií ve fázi 2 nebo 3. Největší nadějí je pumitamig s Bristol Myers Squibb, který by mohl získat schválení během několika let.
BioNTech (BNTX +0.33%) rose to prominence several years ago thanks to its role in the coronavirus market. The company developed Comirnaty, one of the best-selling COVID-19 vaccines, with Pfizer (PFE +0.77%). However, vaccination rates have dropped significantly due to a combination of factors, including stricter market regulations. As a result, BioNTech's coronavirus business hasn't performed well recently. The good news is that the company's future no longer depends on its work in this industry. There is another much larger area BioNTech is targeting. Here's what investors need to know.
Image source: Getty Images.
The industry's largest therapeutic area The weight-loss market is grabbing headlines for its rapid growth. But the largest area in the industry by annual sales remains oncology. There are several reasons for that. Let's consider four of them. First, cancer is one of the world's leading causes of death. According to some estimates, in the U.S., one person in three will be diagnosed with cancer at some point in their lives. So, it is a fairly common disease with a significant annual death toll. Second, the oncology market is massive. There are dozens of types of cancer, and some corners of the industry remain underserved, which can attract even more drugmakers.
Third, because cancer is a life-threatening condition, regulators often grant cancer medicines in development special designations that can help speed up approval, a factor that incentivizes drugmakers to develop more of them. Lastly, cancer medicines often command high prices and can sometimes be administered over years. The cancer therapeutics space will continue to expand, and, according to some estimates, it will be worth $516.2 billion by 2035, with a compound annual growth rate of 9.3% over that period. That's the market where BioNTech is looking to carve out a meaningful niche. Can the company pull it off?
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BioNTech's exciting pipeline BioNTech has more than 25 phase 2 or phase 3 ongoing oncology clinical trials. This large pipeline should lead to at least a few approvals. Several of the company's products look particularly promising. Perhaps the most interesting is pumitamig, which BioNTech is developing in collaboration with Bristol Myers Squibb (BMY +1.23%). Pumitamig is a bispecific antibody, a class of medicines that bind to two different targets simultaneously, enabling it to direct the body's immune system to attack diseases like cancer more effectively than conventional antibodies.
Bispecific antibodies like pumitamig could gain significant traction in the coming years. The medicine has been dubbed a potential "Keytruda killer," or next-generation oncology medicines that could challenge Keytruda, currently the best-selling cancer drug on the market. Pumitamig is being investigated across cancers of the lung, kidney, breast, liver, colon, and rectum, among others. Pumitamig is well-positioned to earn approval within a couple of years and, eventually, generate well over $1 billion in annual sales. And that's just one of BioNTech's oncology candidates. Expect the company to improve its financial results significantly as it continues to make headway in this market.
Is BioNTech stock a buy? BioNTech's pipeline looks promising, even beyond its oncology-related work. The biotech is developing products in other areas, notably infectious diseases. It is working on vaccines for tuberculosis and even HIV. Clinical progress over the next few years could significantly strengthen its prospects. However, BioNTech's valuation is concerning. The stock is worth $23.2 billion, despite posting just $3.3 billion in revenue over the trailing-12-month period, and its sales are declining. The company isn't consistently profitable either.
The market appears to be placing a lot of faith in BioNTech's pipeline. That won't be a problem so long as the company's work in this area goes smoothly, but its share price could fall off a cliff at any sign of trouble. And there likely will be at least some signs of trouble -- it's hard for any biotech company to run a pipeline that large without encountering clinical or regulatory setbacks. My view is that, even though its pipeline looks exciting, BioNTech isn't attractive at current levels. Investors would be better off waiting for the stock to fall from its current levels before initiating a position.
Coinbase Business nově umožní firmám přijímat platby v USDC od autonomních AI agentů prostřednictvím standardu x402. Současně přidává nástroje pro AI trading a SDK pro vývojáře.
Coinbase is expanding its push into AI-powered finance, enabling businesses to accept USDC payments from autonomous AI agents as part of a broader expansion of its payment, trading and developer tools.
According to a Thursday X post, Coinbase Business users will be able to accept USDC (USDC) payments from AI agents through the x402 payment standard, which Coinbase first introduced in May 2025 to enable stablecoin payments over HTTP for AI agents, applications and APIs.
The post also announced AI trading tools that let users monitor orders, access live market data, and execute actions based on predefined conditions, as well as a software development kit for developers building agent-powered applications.
Coinbase said the products are designed to support the “agentic economy,” where AI agents can make payments, manage finances and complete other tasks on behalf of users.
The company said adoption of AI agents is accelerating, noting that agent-generated traffic surpassed human traffic on its Base documentation pages for the first time last month. However, it added that the internet’s financial infrastructure was built with “one assumption: a human clicking the button,” which has left businesses, developers and users without tools designed for AI agents.
The rollout comes as companies increasingly position stablecoins and blockchain-based payments as infrastructure for AI agents, an emerging use case that several exchanges and payment companies are targeting.
Magazine: Here’s why the CLARITY Act’s ethics deal may be so hard to reach
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Kinsale Capital Group, Inc. (KNSL - Free Report) reported $548.52 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 16.8%. EPS of $5.54 for the same period compares to $4.78 a year ago.
The reported revenue represents a surprise of +12.31% over the Zacks Consensus Estimate of $488.4 million. With the consensus EPS estimate being $5.10, the EPS surprise was +8.63%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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 Kinsale Capital Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Expense Ratio: 21.7% versus the five-analyst average estimate of 21.4%.Combined Ratio: 75.5% compared to the 78.6% average estimate based on five analysts.Loss Ratio: 53.8% versus 57.3% estimated by five analysts on average.Revenues- Net investment income: $55.74 million compared to the $58.48 million average estimate based on five analysts. The reported number represents a change of +19.9% year over year.Revenues- Other income: $0.32 million compared to the $0.27 million average estimate based on five analysts. The reported number represents a change of +85.9% year over year.Revenues- Net Earned Premiums: $417.6 million versus $405.33 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +8.9% change.Revenues- Fee Income: $11.94 million versus the four-analyst average estimate of $11.65 million. The reported number represents a year-over-year change of +10.6%.View all Key Company Metrics for Kinsale Capital Group here>>>
Shares of Kinsale Capital Group have returned +4.9% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Organizace CGAP spojená se Světovou bankou uvedla, že stablecoiny na sítích Stellar a Algorand pomáhají v humanitární pomoci. Jako příklady zmínila Súdán, Ukrajinu a Afghánistán.
A recent report from CGAP, a think tank associated with the World Bank, has turned the spotlight onto the use of stablecoins in international humanitarian aid. The report, frequently discussed by prominent crypto commentator All In Crypto, features real-world cases where Stellar- and Algorand-based platforms facilitate digital cash transfers in challenging regions.
Stablecoins in humanitarian relief effortsCGAP’s research investigates whether stablecoins can assist non-profit organizations in moving money across borders, particularly when traditional correspondent banks are slow, costly, or outright inaccessible. The analysis identifies a range of technical and regulatory barriers, including high transaction fees, lack of transparency in foreign exchange rates, delays of several days in payments, and the withdrawal of banks from jurisdictions labeled high-risk.
The report notes that stablecoins transact on blockchain networks, with the choice of network directly affecting costs, speed, and service availability. Stellar is highlighted as a blockchain supporting USDC, while both Stellar and Algorand are specifically identified as preferred low-fee networks in humanitarian cash transfer programs.
Field cases: Stellar and Algorand in actionIn Sudan, the Norwegian Refugee Council used KoalaPay, a digital payments platform, to distribute USDC—a major dollar-pegged stablecoin—to local partners handling aid disbursement. According to All In Crypto’s summary, KoalaPay runs on both Stellar and Base networks, with local organizations converting USDC into Sudanese pounds before transferring money to aid recipients.
A separate Ukraine initiative, launched in December 2022, relied on Stellar’s Aid Assist platform, MoneyGram, and self-managed digital wallets. This program delivered $4.6 million to more than 2,500 households during its first two years of operation.
CGAP described how, in Ukraine, digital stablecoin payments on Stellar and integration with major remittance networks enabled fast, traceable transactions to recipients in a highly volatile market.
Meanwhile, Algorand features in the Afghanistan-based case managed by Mercy Corps and HesabPay, a platform that sent a stablecoin denominated in afghani, the local currency, to users’ wallets. HesabPay allows recipients to receive digital funds directly, even in environments with limited banking infrastructure.
Mini dictionary: CGAP (Consultative Group to Assist the Poor) is a global partnership housed at the World Bank, focused on advancing financial inclusion in developing economies by researching digital financial services and innovative technologies.
CountryPlatformBlockchain UtilizedStablecoinImplementation PartnerReported ImpactSudanKoalaPayStellar, BaseUSDCNorwegian Refugee CouncilFunds converted to Sudanese pounds, distributed to local recipientsUkraineAid Assist, MoneyGramStellarUSDC (via wallets)Multiple partners$4.6M to 2,500 householdsAfghanistanHesabPayAlgorandAfghani-denominated stablecoinMercy CorpsDirect-to-recipient stablecoin aid deliveryChallenges remain for digital aid solutionsWhile CGAP affirms that stablecoins can enhance traceability and expand market access for cross-border aid, the report cautions that familiar hurdles remain. Currency exchange, cash withdrawal, and compliance all present continued challenges, even when on-chain transaction costs are negligible. The expense and availability of off-ramps—services that allow recipients to convert digital assets into local currency—still pose operational difficulties.
Another warning from CGAP is that direct-to-recipient models could shift foreign exchange risk, withdrawal fees, and digital literacy requirements to aid recipients. These risks are particularly significant for vulnerable populations in regions with limited access to merchant networks or digital infrastructure.
CGAP emphasizes that while blockchain-based transfers may cut transaction fees, practical access and inclusion barriers can persist in fragile environments where alternatives are scarce.
Stellar is an open-source blockchain designed for fast, low-cost cross-border payments and is widely used by financial institutions and non-profits for currency transfers. Algorand, launched in 2019, offers high-speed and scalable decentralized finance solutions and operates with a unique pure proof-of-stake protocol.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
First Interstate BancSystem oznámila zisk na akcii 0,87 USD, nad odhadem 0,64 USD, a tržby 265,3 milionu USD také překonaly očekávání. Zisk i tržby meziročně vzrostly.
First Interstate BancSystem (FIBK - Free Report) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +35.94%. A quarter ago, it was expected that this holding company for First Interstate Bank would post earnings of $0.6 per share when it actually produced earnings of $0.61, delivering a surprise of +1.67%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
First Interstate BancSystem, which belongs to the Zacks Banks - Midwest industry, posted revenues of $265.3 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 7.58%. This compares to year-ago revenues of $249.7 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.
First Interstate BancSystem shares have added about 11% since the beginning of the year versus the S&P 500's gain of 9.6%.
What's Next for First Interstate BancSystem?While First Interstate BancSystem 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 First Interstate BancSystem was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.67 on $252.15 million in revenues for the coming quarter and $2.66 on $998.55 million 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 - Midwest is currently in the top 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, German American Bancorp (GABC - Free Report) , is yet to report results for the quarter ended June 2026.
This financial services holding company is expected to post quarterly earnings of $0.92 per share in its upcoming report, which represents a year-over-year change of +7%. The consensus EPS estimate for the quarter has been revised 0.4% higher over the last 30 days to the current level.
German American Bancorp's revenues are expected to be $98.43 million, up 9.5% from the year-ago quarter.
Columbia Banking (COLB - Free Report) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +4.11%. A quarter ago, it was expected that this bank holding company would post earnings of $0.68 per share when it actually produced earnings of $0.72, delivering a surprise of +5.88%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Columbia Banking, which belongs to the Zacks Banks - West industry, posted revenues of $677 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.66%. This compares to year-ago revenues of $510.91 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.
Columbia Banking shares have added about 16.7% since the beginning of the year versus the S&P 500's gain of 9.6%.
What's Next for Columbia Banking?While Columbia Banking 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 Columbia Banking was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.78 on $701.22 million in revenues for the coming quarter and $3.05 on $2.78 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 - West is currently in the top 20% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Coastal Financial Corporation (CCB - Free Report) , is yet to report results for the quarter ended June 2026.
This company is expected to post quarterly earnings of $0.95 per share in its upcoming report, which represents a year-over-year change of +33.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Coastal Financial Corporation's revenues are expected to be $162.7 million, up 36.2% from the year-ago quarter.
AppFolio ve 2. čtvrtletí zvýšila tržby o 19 % na 281 milionů USD a poprvé překročila 1 miliardu USD v tržbách za posledních 12 měsíců. Společnost zároveň zvedla celoroční výhled tržeb i provozní marže.
AppFolio NASDAQ: APPF reported strong second-quarter 2026 results, with management highlighting continued revenue growth, expanding margins, increased platform adoption and growing customer interest in artificial intelligence-powered real estate operations.
The property management software company said revenue rose 19% year over year to $281 million, compared with $236 million in the second quarter of 2025. Chairman and CEO Shane Trigg said AppFolio also crossed $1 billion in trailing 12-month revenue for the first time.
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“This is an exciting time for our business and our industry,” Trigg said on the earnings call. “I want to start where it matters most, with the operators running and growing their businesses on AppFolio.”
GAAP operating income increased to $53 million, or 18.8% of revenue, up from $41 million, or 17.2% of revenue, a year earlier. Non-GAAP operating income rose 24% year over year to $76 million, or 27.1% of revenue, compared with $62 million, or 26.2% of revenue, in the prior-year period.
Revenue Growth Driven by Subscriptions, Value-Added Services CFO Tim Eaton said subscription services revenue grew 14% year over year to $60 million, driven by new customers, growth in units under management and upgrades to premium tiers. Nearly one in three units are now on a premium tier, up from approximately one in four, according to management.
Value-added services revenue increased 22% year over year to $219 million. Eaton said the growth was led by FolioGuard risk mitigation services, FolioScreen offerings and online payments, along with continued unit growth. He also pointed to newer offerings, including Resident Onboarding Lift, move-in services through LiveEasy and Realm-X Performers, AppFolio’s agentic AI products for leasing, maintenance and resident messaging.
AppFolio ended the quarter with approximately 9.6 million units on its platform, an 8% increase from 8.9 million a year earlier. The company’s customer count rose 6% to 22,751 from 21,403.
“New customer wins and new unit additions remained strong,” Eaton said. “Customer and unit retention continued to be healthy and consistent with historical averages.”
Management Emphasizes AI and Platform Consolidation Trigg said conversations at the NAA Apartmentalize conference underscored broad industry interest in AI, but he said customers were focused less on adding tools and more on reducing complexity across disconnected systems.
He cited AppFolio’s Property Management Benchmark Report, which found that 45% of property managers are actively planning to streamline their software solutions. Trigg said customers that moved to AppFolio reduced reliance on multiple disconnected systems, pointing to examples including RST & Associates, Advanced Management Company and Northpoint Asset Management.
“Consolidation isn’t the end game,” Trigg said. “It’s simply removing blockers to what customers actually want: real performance.”
AppFolio is positioning its strategy around what it calls real estate performance management, or RPM. Trigg described RPM as a combination of “an AI-native architecture with interconnected systems of record, action, and growth.”
The company highlighted continued development of Realm-X Flows, its workflow automation layer. Trigg said AppFolio expanded Flows during the quarter to include five times the triggers and more than 1,000 conditional options to route and filter workflows. Among customers that have adopted Flows, runs grew triple digits year over year across areas including lead nurture, rental applications, move-ins, delinquency and renewals.
Trigg also said Leasing Performer is involved in roughly half of all completed showings for customers that have deployed it, while Maintenance Performer responds to resident inquiries in seconds. AppFolio announced a new Accounting Performer at Apartmentalize, which the company said is intended to streamline bill entry, financial close processes and budgeting.
Customer Examples Highlight Adoption Management cited several customer examples to show how broader platform adoption is affecting operations. Trigg said PURE HomeRiver, which operates in 35 states and manages a 40,000-unit portfolio, renewed its commitment to AppFolio as its single platform of choice and anticipates growth to 60,000 units.
Trigg also discussed Stratton Vantage, a Phoenix-based operator managing 1,600 units, which implemented Resident Onboarding Lift earlier this year. According to Trigg, 100% of its leases have moved through the platform, and the company’s leasing team has reported recapturing nearly 20 hours a month.
Other examples included Yale Management Services, a 7,500-unit customer in Los Angeles that upgraded to AppFolio’s Max tier and achieved a 1.9 percentage point lift in occupancy over six months, and Bluestone, which manages 3,000 residential units in the Pacific Northwest. Trigg said Bluestone’s Leasing Performer handled more than 10,000 leads, with 55% arriving after hours and an average response time under nine seconds.
Costs, Cash Flow and Workforce Eaton said cost of revenue, excluding depreciation and amortization, was 36% of revenue, up from 35% a year earlier. He attributed the increase to payments product mix and incremental data center capacity to support rising customer usage of AI capabilities, partially offset by operating efficiencies.
Sales and marketing expense was 14% of revenue, consistent with the prior-year quarter. Research and development declined to 15% of revenue from 16%, while general and administrative expense remained at 7% of revenue.
AppFolio ended the quarter with 1,732 employees, up 3% year over year. The company generated $88 million in operating cash flow and ended the quarter with $222 million in cash equivalents and current investment securities.
“Our capital allocation approach remains unchanged,” Eaton said. “We prioritize investing in the business, and our share repurchase program remains opportunistic.”
AppFolio Raises 2026 Guidance AppFolio raised its full-year 2026 revenue outlook to a range of $1.117 billion to $1.127 billion, with the midpoint implying 18.0% growth. Eaton said the updated outlook is supported by premium tier adoption, growth in new business units and increasing adoption of products and services, including agentic AI performers and resident services.
The company also raised its non-GAAP operating margin guidance to a range of 26.5% to 28.0%, compared with 24.7% in 2025. AppFolio expects cost of revenue, excluding depreciation and amortization, to be relatively flat as a percentage of revenue compared with 2025.
Eaton said the company expects operating expenses as a percentage of revenue to decline modestly as AppFolio scales and uses AI to drive efficiency across internal operations. The company anticipates diluted weighted average shares outstanding of approximately 36 million for the full year.
“Our continued investment in AI and the resident experience is expanding the value customers receive from our platform,” Eaton said, adding that AppFolio remains focused on “durable revenue growth, margin expansion, and disciplined capital allocation.”
About AppFolio (NASDAQ:APPF)AppFolio, Inc is a Santa Barbara–based provider of cloud-based software solutions for the property management and legal industries. Founded in 2006 by former software executives, the company went public on the NASDAQ under the symbol APPF in 2015. Its original offering, AppFolio Property Manager, automates accounting, marketing, leasing, and maintenance functions for residential, commercial, student housing, and community association managers.
In 2019, AppFolio expanded its portfolio with the acquisition of MyCase, a web-based legal practice management platform for small to mid-size law firms.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Amkor Technology uzavřela s Nvidií víceletou dohodu za 1,5 miliardy USD na rozšíření kapacity pokročilého pouzdření a testování čipů v USA. Akcie Amkor po skončení obchodování vyskočily o 17 %.
NVIDIA logo is seen in this illustration taken July 20, 2026. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
July 23 (Reuters) - Amkor Technology (AMKR.O), opens new tab said on Thursday it had entered a multi-year agreement with Nvidia (NVDA.O), opens new tab worth $1.5 billion to expand advanced semiconductor packaging and test capacity in the U.S., as the chip industry races to build out AI infrastructure.
Shares of the semiconductor packaging company jumped 17% in extended trading.
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Here are a few details on the partnership:
Under the agreement, Nvidia will make a prepayment to support the expansion of Amkor's U.S. advanced packaging operations, including capacity in Arizona.
The companies will jointly develop packaging and testing technologies for Nvidia's AI and accelerated-computing platforms, focusing on combining different types of chips in a single package.
Amkor already supplies advanced packaging for Nvidia's product portfolio, including data center processors, and the expanded deal aims to bring new packaging technologies to market as AI infrastructure demand grows.
In June, Amkor entered a 10-year partnership with TSMC (2330.TW), opens new tab, the world's largest contract chipmaker, to enhance semiconductor packaging capabilities in the United States.
Amkor is also working with Advanced Micro Devices (AMD.O), opens new tab to package the semiconductor company's chips.
Reporting by Juby Babu in Mexico City; Editing by Pooja Desai
Our Standards: The Thomson Reuters Trust Principles., opens new tab
CFO společnosti GE HealthCare Jay Saccaro odstoupí a dočasně ho nahradí controller a chief accounting officer George Newcomb. Firma zároveň za 2. čtvrtletí čeká růst tržeb o 5,7 % a potvrdila celoroční výhled.
The logo of GE Healthcare is seen on their plant in the IDA (Industrial Development Agency) estate, in Carrigtwohill, County Cork, Ireland March 28, 2025. REUTERS/Clodagh Kilcoyne Purchase Licensing Rights, opens new tab
CompaniesJuly 23 (Reuters) - GE HealthCare's (GEHC.O), opens new tab Chief Financial Officer Jay Saccaro will step down from his role to pursue an opportunity outside the medical technology industry, the company said on Thursday, and also reported preliminary second-quarter results.
The medical device maker named its current controller and chief accounting officer George Newcomb as interim CFO while it looks for a permanent replacement. Saccaro will remain with the company through August 14 to help with the handover.
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Finance leadership reshuffles are taking place across the broader healthcare industry. Pfizer (PFE.N), opens new tab named an interim finance chief in June after Dave Denton announced his departure, and Baxter International (BAX.N), opens new tab appointed an interim CFO in March following Joel Grade's exit.
GE HealthCare said it expects second-quarter revenue to increase 5.7% from a year earlier, or 3.5% on an organic basis, while it reaffirmed its full-year forecast.
Quarterly diluted and adjusted earnings are expected to come in higher than a year ago and above what the company had forecast earlier, GE HealthCare said.
The Chicago-based firm previously lowered its full-year profit forecast when it reported first-quarter results, citing persistent inflation in memory-chip, oil and freight costs as well as tariff-related pressures stemming from the Middle East conflict.
Newcomb brings more than three decades of finance experience to the interim role, the company said. He has been its controller since 2016 and took on the chief accounting officer position when the firm spun off from General Electric in 2023.
Reporting by Padmanabhan Ananthan in Bengaluru; Editing by Pooja Desai
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Uniswap v4 představuje Permissioned Pools, nový standard hooků pro obchodování regulovaných aktiv s vynucením souladu přímo na chainu. Mezi partnery při spuštění patří Superstate, Securitize a Dowgo.
Today, we’re introducing Permissioned Pools, a new hook standard for Uniswap v4 that enables permissioned asset trading through Automated Market Makers (AMMs) with compliance enforced directly onchain.
Permissioned Pools were built in collaboration with leading teams bringing regulated assets onchain. Launch partners include Superstate, Securitize, and Dowgo: part of a growing set of issuers and platforms seeking compliant access to onchain markets for tokenized funds, securities, equities, and other permissioned assets.
Bringing permissioned assets to AMMs The tokenized asset market is estimated to reach $11 trillion by 2030. As more regulated assets move onchain, issuers need infrastructure that can enforce each asset’s compliance rules. Uniswap Permissioned Pools are the first generalized, open source, institutional-grade standard for trading regulated assets on an AMM. Instead of relying on a frontend gate or an offchain compliance check, the pool itself verifies whether a wallet is approved before a swap or liquidity action goes through. The issuer keeps control of the allowlist, while approved users can access onchain trading and settle through Uniswap v4.
For issuers, this opens a path to AMM liquidity and DeFi composability without giving up required controls. For approved investors, it means direct onchain trading for assets that previously couldn't trade on an AMM at all.
How Permissioned Pools work Permissioned Pools use Uniswap v4 hooks to extend the functionality of a regular pool without breaking the security and interoperability guarantees of the protocol. The particular hook implements logic that checks an issuer-managed allowlist on every swap, verifies allowlist status before a user mints an LP position, and provides support for the administration controls permissioned assets require. These checks happen at the protocol level, not on the frontend.
Behind the scenes, the design uses Uniswap v4 virtual accounting to perform all exchange calculations remotely while permissioned assets remain held in a permissioned contract. You can learn more about this mechanism in the docs.
Uniswap powers tokenized value Permissioned Pools bring a new standard for compliant trading, while the protocol itself stays permissionless. Developers and asset issuers can choose the approach that fits: deploy pools and build on v4 permissionlessly, or deploy a permissioned pool for a specific asset.
Tokenization’s next phase needs standardized market infrastructure that can handle compliance requirements, without compromising permissionless access. Permissioned Pools are the result of deep collaboration between the teams defining the standard, the teams building the compliance layer beneath it, and the issuers and assets putting it to use.
Superstate, an early design partner, helped shape the Permissioned Pool standard for tokenized equities and funds. Uniswap Labs and Securitize collaborated early on to ensure DS Protocol-issued tokens could trade compliantly onchain, laying the groundwork that Permissioned Pools now extends. Dowgo contributed the ERC-3643 integration for Permissioned Pools, and will use the standard once they receive DLT TSS authorization under the EU's DLT Pilot Regime.
With these institutions already building on the hook, Permissioned Pools lay the groundwork for the next generation of value coming onchain.
The EUR/JPY extends its advance for the third straight day, set to end the week with solid gains as traders brace for the end of the week. The shared currency didn’t capitalise on the hawkish forward guidance by the European Central Bank (ECB), as Bloomberg, citing sources, revealed that officials are ready to raise rates in September.
Euro gains as ECB hawkishness offsets BoJ intervention cautionDigging into ECB President Christine Lagarde’s press conference, she said that inflation risks are tilted to the upside and growth to the downside, but stated that the central bank would set monetary policy to ensure that inflation returns to the 2% goal in the medium term. She added that they would remain data-dependent and would not pre-commit to an interest rate path.
Meanwhile, the Japanese Yen weakened less than expected against the Euro as investors remain wary that the Bank of Japan (BoJ) might intervene in the foreign exchange markets to push its local currency.
On Friday, EUR/JPY traders will be watching the release of Japanese inflation data. The National CPI excluding Fresh Food is expected to rise from 1.4% to 1.6% YoY. Also, traders would be looking for updates on Jibun Bank Flash PMIs, with the manufacturing activity index measure expected to ease from 54.8 to 54.5.
In the Eurozone, traders will also digest HCOB Flash PMIs for Germany, France, and the European Union (EU). The EU’s HCOB Manufacturing PMI is expected to drop from 51.4 to 51.3, while the Services PMI is expected to improve, but will remain in contractionary territory, from 49.4 to 49.8.
EUR/JPY Price Forecast: Technical outlook
The EUR/JPY daily chart shows that momentum is tilted to the upside, further confirmed by a rising Relative Strength Index (RSI). Additionally, a trendline break since last week shifted the market structure from sideways trading to an uptrend, as prices drift higher at a modest pace.
For a bullish continuation, the EUR/JPY needs to clear the April 30, high at 187.56, before buyers can eye 187.95, the year-to-date (YTD) high. Above lies the psychological 188.00 and 190.00 levels.
On the downside, sellers could trigger a break of the market structure, but first they need to clear Thursday’s low of the day (LOD) at 186.05. Once done, they could test the confluence of the 50 and 100-day SMAs at 185.16/02, before targeting the 200-day SMA at 183.44.
EUR/JPY Price Chart – Daily
EUR/JPY daily chart Japanese Yen Price This week The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies this week. Japanese Yen was the strongest against the Swiss Franc.
USDEURGBPJPYCADAUDNZDCHFUSD0.43%1.03%0.92%0.48%-0.03%1.08%1.01%EUR-0.43%0.61%0.43%0.07%-0.43%0.65%0.58%GBP-1.03%-0.61%-0.17%-0.54%-1.03%0.03%0.02%JPY-0.92%-0.43%0.17%-0.36%-0.90%0.11%0.20%CAD-0.48%-0.07%0.54%0.36%-0.47%0.46%0.58%AUD0.03%0.43%1.03%0.90%0.47%1.11%1.07%NZD-1.08%-0.65%-0.03%-0.11%-0.46%-1.11%-0.02%CHF-1.01%-0.58%-0.02%-0.20%-0.58%-1.07%0.02% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).
Solana ve 2. čtvrtletí vykázala 5,8 miliardy USD v tokenizovaných aktivech, což je o 114 % více mezikvartálně a nové maximum. Tokenizované akcie tvořily 84 % celkového objemu.
Looking at Solana’s key stats, the undervaluation narrative starts to gain more weight.
On the RWA front, Solana’s latest Q2 report showed $5.8 billion in Tokenized Asset Volume, up 114% QoQ and marking its sixth quarterly ATH.
The key takeaway?
Tokenized Equities alone accounted for 84% of total volume, making Solana a major hub for institutional RWA activity. But the momentum doesn’t stop there.
Source: X Digging deeper, Solana currently dominates tokenized stock trading, accounting for 96% of total volume, with xStocks driving over 80% of the activity. In this context, the latest xStocks expansion adds another layer to this growth story, moving beyond U.S. stocks to bring other global equities on-chain.
This broader access could further strengthen Solana’s position in the tokenized asset market.
Source: X In short, Solana’s [SOL] $5.8 billion Q2 RWA volume could be just the start of a bigger trend.
And it looks like investors are already positioning for this growth.
According to Dune data, dormant wallets returning to Solana DEXs jumped to 62k last week, up 400% week-over-week. This suggests that previously inactive users are coming back on-chain as new opportunities continue expanding across the ecosystem.
However, the bigger story behind Solana’s growth goes beyond its RWA market or DEX volume. The real impact is how this activity is translating into network adoption, with rising dormant activity being just one piece of the puzzle.
And the timing couldn’t be better, as SOL/ETH is approaching a key zone.
Solana’s on-chain strength meets a key SOL/ETH turning point The impact of Solana’s growing RWA and DEX momentum is now showing up across the network.
According to Chainspect data, Solana has generated more revenue than Ethereum for 23 consecutive days. With Solana bringing in around $515k compared to Ethereum’s $133k, the network generated roughly $382k more revenue, or nearly 3.9x Ethereum’s total.
And this isn’t just a short-term spike. Solana currently leads all blockchains in 24-hour DEX volume at $1.5 billion, ahead of Ethereum’s $1.29 billion.
Put together, Solana is showing a strong on-chain growth cycle, where rising DEX activity and RWA adoption are translating into higher network usage, liquidity, and revenue.
Source: TradingView (SOL/ETH) In this context, xStocks’ expansion adds another catalyst for Solana to continue building on this momentum.
From a technical perspective, the timing looks interesting.
As the chart above shows, the SOL/ETH ratio is approaching the 0.035-0.04 range, a zone that previously triggered a strong rally in May as capital rotated into Solana. With Solana’s on-chain strength improving against Ethereum and ETH facing resistance around the $2k level, the setup could favor further upside in the SOL/ETH ratio.
The key takeaway?
This rotation may be more than just a short-term technical move. With Solana’s on-chain growth continuing to accelerate, it could signal a broader divergence between SOL’s strength and ETH’s performance through the rest of Q3.
AtriCure ve 2. čtvrtletí zvýšila tržby o 12,8 % na 153,6 milionu USD a vrátila se k zisku podle GAAP. Firma zároveň zvedla celoroční výhled upraveného EBITDA na 85 až 89 milionů USD.
AtriCure NASDAQ: ATRC reported double-digit revenue growth and a return to GAAP profitability in the second quarter of 2026, with management pointing to strong demand across its pain management, appendage management and open ablation franchises while noting continued pressure in minimally invasive ablation.
The medical device company generated worldwide revenue of $153.6 million, up 12.8% on a reported basis and 12.4% in constant currency from the second quarter of 2025, according to Chief Financial Officer Angela Wirick. U.S. revenue rose 13.6% to $125.6 million, while international revenue increased 9.6% on a reported basis to $28 million.
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President and CEO Michael Carrel said the quarter reflected “solid” performance and highlighted improving profitability. AtriCure recorded adjusted EBITDA of $27.3 million, up 78% from $15.4 million a year earlier. Net income was $9 million, compared with a net loss of $6.2 million in the prior-year quarter. Earnings per share and adjusted earnings per share were both $0.18, compared with a loss per share of $0.13 and an adjusted loss per share of $0.02 a year earlier.
Growth Led by Pain Management, Appendage Management and Open Ablation AtriCure’s U.S. business was supported by continued adoption of several newer devices, including CryoSphere MAX and cryoXT in pain management, AtriClip FLEX-Mini and PRO-Mini in appendage management, and the Encompass clamp in open ablation.
Pain management was the company’s fastest-growing franchise, with worldwide revenue up 27% in the quarter. U.S. pain management sales reached $27.1 million, up 27.8% year over year. Carrel said CryoSphere MAX remained a key driver, with the company continuing to add accounts while also seeing early traction in sternotomy procedures. During the question-and-answer portion of the call, Wirick said CryoSphere MAX represented about 75% of U.S. pain management revenue and that the company ended the quarter with “a little over 700 active accounts” in pain management.
Carrel also pointed to early momentum for CryoXT, which is designed for use in amputation procedures. He said the product was included in a presentation at the Society for Vascular Surgery annual meeting and that early adopters are reporting improvements in patient experience and recovery. Management said CryoXT is expected to contribute more meaningfully to revenue in the second half of the year, though from a small base.
Open ablation revenue increased 11% worldwide, led by the Encompass clamp. U.S. open ablation product sales were $40.9 million, up 12.1% year over year. Carrel said the company expects further adoption from a new Society of Thoracic Surgeons quality metric on concomitant AFib treatment, which he described as a potential long-term catalyst for surgical AFib ablation and left atrial appendage management.
Appendage management revenue grew 14% in the quarter. U.S. sales of appendage management products increased 14.4% to $51.6 million, reflecting adoption of AtriClip FLEX-Mini and PRO-Mini devices. Carrel said the mini devices now account for 45% of appendage management revenue in their respective open and minimally invasive categories.
Minimally Invasive Ablation Remains Under Pressure The company’s minimally invasive ablation business continued to decline, contributing $6 million in U.S. revenue for the quarter. Carrel said the market remains focused on treating patients with pulsed field ablation, or PFA, catheters. He added that AtriCure still believes hybrid AFib therapy has a role in patients with longstanding persistent AFib, but said broader stabilization is needed before the franchise can return to growth.
“We have seen referral patterns for hybrid procedures stabilize over the last several quarters in a small subset of accounts,” Carrel said. “However, we need to see this stabilization across a broader customer base before we can expect return to growth for this franchise.”
Clinical Trials Advance Toward Potential Label Expansion Management emphasized progress in two major clinical trials that AtriCure says could expand the market for its cardiac surgery products.
The BoxX-NoAF clinical study, which evaluates ablation and left atrial appendage management in cardiac surgery patients without a history of AFib, has surpassed 50% enrollment with more than 500 patients enrolled. AtriCure expects to complete enrollment of 960 patients by the end of 2026, ahead of its original plan, and anticipates data readouts in the first half of 2027.
Carrel said the company sees a large unmet need in preventing post-operative AFib, noting that U.S. healthcare spending for the condition exceeds $2 billion annually. In response to an analyst question, he said the trial’s first endpoint is post-operative AFib measured 30 days after final enrollment, with a potential data presentation at a major medical meeting in 2027. He said the product is under a PMA pathway and that approval could take roughly a year after submission to the FDA.
AtriCure is also continuing follow-up of more than 6,500 patients enrolled in the LeAAPS trial, which is studying the stroke reduction benefit of left atrial appendage management in cardiac surgery patients without AFib. Carrel said LeAAPS and BoxX-NoAF provide “multiple complementary paths for label expansion” and could be catalysts in the cardiac surgery market.
Guidance Raised for Adjusted EBITDA AtriCure updated its 2026 outlook, now expecting revenue of $602 million to $610 million, representing growth of approximately 12.5% to 14% over 2025. The company expects growth to be led by pain management, appendage management and open ablation, while pressure persists in minimally invasive ablation and certain international markets.
Wirick said AtriCure expects normal seasonal patterns in the second half, with third-quarter revenue down 1% to 2% sequentially from the second quarter, followed by a rebound in the fourth quarter.
The company raised its adjusted EBITDA outlook to approximately $85 million to $89 million for 2026, implying an adjusted EBITDA margin of about 14% at the midpoint of guidance. AtriCure also reiterated its expectation for full-year net income and projected full-year earnings per share of approximately $0.05 to $0.13, with adjusted earnings per share of approximately $0.24 to $0.32.
AtriCure ended the quarter with $167.8 million in cash and investments and generated approximately $22 million in cash during the quarter. Wirick said the company expects positive cash generation through the remainder of the year.
Management Addresses Competition and International Trends During the call, analysts asked about new competitors in the appendage management market. Carrel said new entrants validate the market opportunity, but argued AtriCure has advantages in product innovation, clinical evidence and physician education. He said competitive trialing in the back half of the year is incorporated into the company’s guidance.
Internationally, Wirick said Asia-Pacific weakness discussed in the prior quarter appeared transitory, while Europe saw softness in key markets including the U.K. and Germany. She said the company’s outlook incorporates continued pressure in certain markets.
Carrel concluded that AtriCure’s double-digit revenue growth, margin improvement and profitability leave the company “well ahead” of its long-range plan, while ongoing trials could shape the company’s next decade.
About AtriCure (NASDAQ:ATRC)AtriCure, Inc is a medical device company focused on the development, manufacture and marketing of innovative therapies to treat atrial fibrillation (AF) and related conditions. Founded in 2000 and headquartered in Mason, Ohio, AtriCure has established itself as a leader in surgical ablation devices designed to interrupt the errant electrical pathways that cause AF. The company's solutions are used by cardiac surgeons and electrophysiologists to reduce the risk of stroke and improve patient outcomes in the treatment of both paroxysmal and persistent AF.
The company's product portfolio centers on its Synergy Surgical Ablation System, which delivers controlled radiofrequency energy in a minimally invasive format, and the cryoICE Cryoablation System, which offers an alternative ablation modality using precise freezing techniques.
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Edwards Lifesciences překonal odhady ve 2. čtvrtletí díky silné poptávce po srdečních chlopních. Tržby činily 1,74 miliardy USD a akcie v prodlouženém obchodování vzrostly téměř o 7 %.
CompaniesJuly 23 (Reuters) - Edwards Lifesciences (EW.N), opens new tab beat analysts' estimates for second-quarter profit and revenue on Thursday, helped by strong demand for its artificial heart valves used in complex cardiac procedures, sending its shares up nearly 7% in extended trading.
Medical technology firms are seeing increased demand for surgical and procedural devices as population ages and healthcare needs grow.
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Here are some details:
Sales of Edwards' transcatheter aortic valve replacement device (TAVR) rose 11.3% over the year earlier to $1.26 billion during the quarter. Analysts on average estimated $1.23 billion, according to data compiled by LSEG.
TAVR is used to treat severe aortic stenosis, a condition where the aortic valve narrows and restricts blood flow from the heart.
Edwards raised the lower end of 2026 sales growth forecast for TAVR devices to 8% from 7% earlier, while keeping the upper end intact at 9%.
The company maintained annual adjusted profit expectations in the range of $2.95 to $3.05 per share.
The California-based company reported quarterly revenue of $1.74 billion, while analysts estimated $1.70 billion.
On an adjusted basis, Edwards earned 78 cents per share, compared with the estimate of 74 cents.
Reporting by Padmanabhan Ananthan in Bengaluru; Editing by Shilpi Majumdar
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