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SummaryNorthrop Grumman delivered strong Q2 2026 results, with 5% sales growth, a record $104.7B backlog, and raised 2026 guidance despite headline margin pressure.NOC's margin compression stemmed from isolated program issues (SiAW, GEM 63XL), while core segments operated near historical margin levels and cash flow surged.2026 guidance now implies $44B in sales, $28.60–$29.10 EPS, and $3.1–$3.5B in free cash flow, with B-21, Sentinel, and national security space as key growth drivers.I maintain a Strong Buy rating with a $656 base case price target (25% upside), citing stable growth, a robust backlog, and future shareholder return potential post-CapEx cycle.Looking for more investing ideas like this one? Get them exclusively at The Aerospace Forum. Learn More » Getty Images

Northrop Grumman Corporation (NOC) reported a stronger second quarter than the headline year-on-year comparisons suggest. Sales increased modestly, backlog rose to record levels, and adjusted free cash flow surged, with margins and earnings per share being the only metrics with

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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.

The market expects Western Union (WU - Free Report) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on July 30, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis money transfer company is expected to post quarterly earnings of $0.43 per share in its upcoming report, which represents a year-over-year change of +2.4%.

Revenues are expected to be $1.01 billion, down 1.8% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 2.67% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Western Union?For Western Union, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -6.50%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Western Union will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Western Union would post earnings of $0.4 per share when it actually produced earnings of $0.25, delivering a surprise of -37.50%.

Over the last four quarters, the company has beaten consensus EPS estimates two times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Western Union doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Expected Results of an Industry PlayerPaypal (PYPL - Free Report) , another stock in the Zacks Financial Transaction Services industry, is expected to report earnings per share of $1.28 for the quarter ended June 2026. This estimate points to a year-over-year change of -8.6%. Revenues for the quarter are expected to be $8.51 billion, up 2.7% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Paypal has been revised 0.2% down to the current level. Nevertheless, the company now has an Earnings ESP of -0.02%, reflecting a lower Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that Paypal will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Wall Street expects a year-over-year increase in earnings on higher revenues when Southern Co. (SO - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on July 30, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis power company is expected to post quarterly earnings of $1.01 per share in its upcoming report, which represents a year-over-year change of +11%.

Revenues are expected to be $7.38 billion, up 5.9% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.43% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Southern Co.?For Southern Co., the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +4.22%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that Southern Co. will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Southern Co. would post earnings of $1.21 per share when it actually produced earnings of $1.32, delivering a surprise of +9.09%.

Over the last four quarters, the company has beaten consensus EPS estimates three times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Southern Co. appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

United Bankshares (UBSI - Free Report) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +6.74%. A quarter ago, it was expected that this holding company for United Bank would post earnings of $0.85 per share when it actually produced earnings of $0.89, delivering a surprise of +4.71%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

United Bankshares, which belongs to the Zacks Banks - Southeast industry, posted revenues of $324.61 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.99%. This compares to year-ago revenues of $306.79 million. 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.

United Bankshares shares have added about 22.2% since the beginning of the year versus the S&P 500's gain of 9.6%.

What's Next for United Bankshares?While United Bankshares has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for United Bankshares 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 $0.92 on $329.42 million in revenues for the coming quarter and $3.64 on $1.3 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 same industry, HomeTrust Bancshares (HTB - Free Report) , has yet to report results for the quarter ended June 2026.

This holding company for HomeTrust Bank is expected to post quarterly earnings of $0.89 per share in its upcoming report, which represents a year-over-year change of -11%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

HomeTrust Bancshares' revenues are expected to be $53.22 million, down 2.2% from the year-ago quarter.

SAN FRANCISCO, July 23, 2026 (GLOBE NEWSWIRE) -- The Ensign Group (NASDAQ: ENSG) investors saw the price of their shares in the skilled nursing facilities (“SNFs”) provider tumble over 8% on June 8 and another 3% on June 11, 2026 after Hunterbrook Media and Muddy Waters Research, respectively, published highly critical reports questioning Ensign’s business practices.

In total, over $500 million of Ensign’s market capitalization has been wiped out since June 7, 2026, the day before the first of the two reports.

These developments have prompted national shareholder rights firm Hagens Berman to open an investigation into allegations within the two reports and whether Ensign may have violated the federal securities laws.

The firm encourages Ensign investors who suffered substantial losses to submit your losses now.

The Ensign Group (ENSG) Investigation:

The investigation is primarily focused on the propriety of Ensign’s disclosures about SNF acquisitions, regulatory compliance, and certain accounting matters.

In the past, Ensign repeatedly assured investors that “compliance and quality outcomes are precursors to outstanding financial performance” and “we strive to aggressively increase quality in every facility we acquire, and to adjust our overall policies to adapt to CMS’s changing criteria for the Five-Star Quality Rating System.”

But, on June 8, 2026, Hunterbrook published its report, contending in part that “Ensign’s profits can be traced to providing less care than its patients need – and less care than it is meant to provide based on the tax dollars it receives from the government.” In addition, the firm said that “[w]e found Ensign’s growth strategy is to buy struggling nursing homes – then cut staff at those facilities and bank the savings, all while claiming quality improves.”

Then, on June 11, 2026, Muddy Waters Research published its report, adding to Hunterbrook’s analysis. Muddy Waters sent investigators to 57 of Ensign’s SNFs and found “red flags consistent with rented” NHA licenses that enabled “Ensign to state the facilities have licensed Administrators when in fact these administrators are seldom on premise and do not substantively manage the facilities.”

The firm concluded that “this scheme, which could amount to fraud against states, Medicare, and Medicaid, is the pillar upon which Ensign’s acquisition strategy and margins is built[]” and “[u]nder the False Claims Act, if these practices have been in place for one year at ~20% of facilities, we estimate the violations carry theoretical sanctions in the billions of dollars.”

“Our investigation is focused on whether the analysts’ allegations are accurate and, if so, whether Ensign may have misled investors about its business practices and accounting,” said Reed Kathrein, the Hagens Berman partner leading the firm’s investigation.

If you invested in Ensign and have substantial losses, or have knowledge that will assist the firm’s investigation, submit your losses now »

If you’d like more information and answers to other frequently asked questions about the firm’s Ensign investigation, read more »

Whistleblowers: Persons with non-public information regarding Ensign should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].

About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw. 

Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.

Contact:
Reed Kathrein, 844-916-0895

Ameriprise Financial Services (AMP - Free Report) came out with quarterly earnings of $11.07 per share, beating the Zacks Consensus Estimate of $10.72 per share. This compares to earnings of $9.11 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +3.27%. A quarter ago, it was expected that this financial services company would post earnings of $10.2 per share when it actually produced earnings of $11.26, delivering a surprise of +10.39%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Ameriprise, which belongs to the Zacks Financial - Investment Management industry, posted revenues of $4.9 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.30%. This compares to year-ago revenues of $4.34 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.

Ameriprise shares have added about 7.4% since the beginning of the year versus the S&P 500's gain of 9.6%.

What's Next for Ameriprise?While Ameriprise 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 Ameriprise 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 $11.21 on $4.93 billion in revenues for the coming quarter and $43.74 on $19.65 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, Financial - Investment Management 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.

Silvercrest (SAMG - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026.

This investment company is expected to post quarterly earnings of $0.13 per share in its upcoming report, which represents a year-over-year change of -48%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Silvercrest's revenues are expected to be $30.9 million, up 0.8% from the year-ago quarter.

Key Takeaways Rollins missed Q2 earnings and revenue estimates despite year-over-year growth in both metrics.ROL cited weaker residential demand, while commercial and termite operations posted solid growth.Rollins is adjusting operations as demand softens and maintains a strong balance sheet. Rollins, Inc. (ROL - Free Report) reported unimpressive second-quarter 2026 results, with both earnings and revenues missing the Zacks Consensus Estimate.

ROL’s adjusted earnings of 32 cents per share missed the Zacks Consensus Estimate by 5.9% but rose 6.7% year over year. Total revenues of $1.08 billion fell short of the consensus estimate by 1.7% but increased 7.9% from the year-ago quarter.

The quarter was affected by slower growth in parts of the residential pest control business, although commercial and termite operations continued to post healthy gains.

ROL’s shares have declined 25.1% over the past year compared with a 24.4% decline in the industry. The Zacks S&P 500 composite has risen 20.8% over the same time frame.

ROL's Quarterly Performance Reflects Mixed Demand TrendsResidential revenues increased 6.6% year over year to $485.8 million. Commercial revenues climbed 8.6% to $347.9 million, while termite and ancillary revenues rose 10.5% to $234.2 million. Franchise and other revenues declined 7.4% to $10.7 million.

Management attributed the softer residential performance to weaker consumer-initiated demand across search, digital media and inbound calls, which reduced lead volumes during the quarter. However, relationship-based channels, including home builders and door-to-door sales, delivered solid organic growth.

Rollins Faces Margin Pressure Despite Revenue GrowthOperating income increased 1.5% year over year to $201.4 million. However, the operating margin contracted 110 basis points to 18.7% as costs remained aligned for a stronger demand environment entering the peak season.

Adjusted operating income rose 2% to $209.9 million, while the adjusted operating margin declined 110 basis points to 19.5%. Adjusted EBITDA increased 2.2% to $236.3 million, with the adjusted EBITDA margin contracting 120 basis points to 21.9%.

ROL Management Takes Steps to Improve ExecutionManagement noted that demand trends softened during the quarter while the company's cost structure remained positioned for stronger growth, weighing on profitability.

To address these challenges, Rollins has implemented organizational and operational changes aimed at improving local execution, strengthening accountability and better aligning resources with current demand conditions. Management also indicated that lead volumes improved toward the end of June and continued into the first few weeks of July.

Rollins Maintains Healthy Cash GenerationThe company generated operating cash flow of $172.5 million during the quarter, down 1.5% from the prior-year period. Free cash flow totaled $166.1 million, declining 1.2% year over year.

During the quarter, Rollins invested $117 million in acquisitions, spent $6.4 million on capital expenditures and paid dividends totaling $88.1 million, reflecting its continued focus on growth investments and shareholder returns.

ROL Balance Sheet Remains StrongRollins exited the quarter with cash and cash equivalents of $109.1 million compared with $100 million at year-end 2025. Long-term debt totaled $487.1 million, essentially unchanged from year-end 2025.

The company reiterated that its balance sheet remains strong and provides ample financial flexibility to pursue acquisitions, invest in long-term growth initiatives and maintain its balanced capital allocation strategy.

Rollins currently carries a Zacks Rank #4 (Sell).

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

Recent Earnings SnapshotsWEX Inc. (WEX - Free Report) reported better-than-expected second-quarter 2026 results. WEX’s adjusted earnings per share of $5.35 outpaced the Zacks Consensus Estimate by 5.3% and increased 35.4% from the year-ago quarter. WEX’s revenues of $753.5 million surpassed the consensus estimate by 1.8% and improved 14.2% year over year.

Waste Connections, Inc. (WCN - Free Report) posted impressive second-quarter 2026 results. WCN’s adjusted earnings of $1.50 per share outpaced the consensus mark by 11.1% and rose 16.3% from the year-ago quarter. WCN’s total revenues of $2.56 billion surpassed the consensus mark by 1.1% and increased 6.4% year over year.

Wall Street expects a year-over-year increase in earnings on higher revenues when Federal Signal (FSS - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 30. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis company that makes products ranging from street sweepers to toll booth technology for government, industrial and commercial customers is expected to post quarterly earnings of $1.28 per share in its upcoming report, which represents a year-over-year change of +9.4%.

Revenues are expected to be $669.62 million, up 18.6% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.13% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Federal Signal?For Federal Signal, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.55%.

On the other hand, the stock currently carries a Zacks Rank of #2.

So, this combination indicates that Federal Signal will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Federal Signal would post earnings of $0.89 per share when it actually produced earnings of $1.18, delivering a surprise of +32.58%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Federal Signal appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

An Industry Player's Expected ResultsAnother stock from the Zacks Automotive - Domestic industry, Paccar (PCAR - Free Report) , is soon expected to post earnings of $1.33 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of -2.9%. Revenues for the quarter are expected to be $7.1 billion, up 2% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Paccar has been revised 2.6% up to the current level. Nevertheless, the company now has an Earnings ESP of -0.05%, reflecting a lower Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that Paccar will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Pool Corp. (POOL - Free Report) came out with quarterly earnings of $5.38 per share, beating the Zacks Consensus Estimate of $5.3 per share. This compares to earnings of $5.17 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +1.51%. A quarter ago, it was expected that this distributor of supplies for swimming pools would post earnings of $1.34 per share when it actually produced earnings of $1.43, delivering a surprise of +6.72%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Pool Corp., which belongs to the Zacks Leisure and Recreation Products industry, posted revenues of $1.82 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.22%. This compares to year-ago revenues of $1.78 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.

Pool Corp. shares have lost about 14.2% since the beginning of the year versus the S&P 500's gain of 9.6%.

What's Next for Pool Corp.?While Pool Corp. 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 Pool Corp. 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 $3.49 on $1.47 billion in revenues for the coming quarter and $11.05 on $5.42 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, Leisure and Recreation Products is currently in the top 33% 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, Clarus Corporation (CLAR - Free Report) , has yet to report results for the quarter ended June 2026.

This company is expected to post quarterly loss of $0.05 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.

Clarus Corporation's revenues are expected to be $51.55 million, down 6.7% from the year-ago quarter.

Steven Madden (SHOO - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The earnings report, which is expected to be released on July 30, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis footwear and accessories retailer is expected to post quarterly earnings of $0.32 per share in its upcoming report, which represents a year-over-year change of +60%.

Revenues are expected to be $629.57 million, up 12.6% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Steven Madden?For Steven Madden, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +13.68%.

On the other hand, the stock currently carries a Zacks Rank of #2.

So, this combination indicates that Steven Madden will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Steven Madden would post earnings of $0.42 per share when it actually produced earnings of $0.45, delivering a surprise of +7.14%.

Over the last four quarters, the company has beaten consensus EPS estimates two times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Steven Madden appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

COLUMBIA, Md., July 23, 2026 (GLOBE NEWSWIRE) -- Tenable® Holdings, Inc. (NASDAQ: TENB), the exposure management company, today announced that it has joined Cisco’s SolutionsPlus program to offer its unified exposure management capabilities to Cisco customers. This partnership provides global enterprises with a fast, proven transition to an industry-leading exposure management platform without losing critical visibility into enterprise risk.

As a leader in open and connected AI-powered exposure management platforms, the Tenable One Exposure Management Platform delivers visibility, insight and action across the entire attack surface, empowering organizations to reduce risk with speed and precision.

Tenable One enables Cisco customers to gain immediate access to unified exposure data from Tenable native sensors, over 330 integrations and custom data sources, delivering the context needed for precise prioritization. Equipped with Tenable Hexa AI, the platform's agentic AI engine, Tenable One transforms exposure intelligence into coordinated, end-to-end action at machine speed. The secure migration path provides continuous coverage, eliminating the gap in organizations’ defenses that attackers target.

“Our partnership with Cisco offers Cisco Vulnerability Management customers a clear, modernization path to evolve their preemptive defenses,” said Ray Komar, vice president of Cloud and Technology Alliances, Tenable. “As customers transition to the Tenable One platform, they gain more than deep visibility and contextualized exposure insights, they gain a powerful risk reduction force that helps them stay ahead of attackers in the AI era.”

Tenable is dedicated to supporting Cisco customers’ smooth transition to Tenable One. Tenable Professional Services works with customers to accelerate deployment and integration, aligning with unique organizational needs and goals, and optimize services to maximize value and efficiency.

About Tenable
Tenable® is the exposure management company, exposing and closing the cybersecurity gaps that erode business value, reputation and trust. The company’s AI-powered exposure management platform radically unifies security visibility, insight and action across the attack surface, equipping modern organizations to protect against attacks from IT infrastructure to cloud environments to critical infrastructure and everywhere in between. By protecting enterprises from security exposure, Tenable reduces business risk for over 40,000 customers around the globe. Learn more at tenable.com.

Media Contact:
Tenable
[email protected]

Old Republic International (ORI - Free Report) came out with quarterly earnings of $0.76 per share, missing the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.83 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -1.30%. A quarter ago, it was expected that this insurance underwriter would post earnings of $0.79 per share when it actually produced earnings of $0.68, delivering a surprise of -13.92%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

Old Republic, which belongs to the Zacks Insurance - Multi line industry, posted revenues of $2.33 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.85%. This compares to year-ago revenues of $2.22 billion. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Old Republic shares have lost about 8.9% since the beginning of the year versus the S&P 500's gain of 9.6%.

What's Next for Old Republic?While Old Republic 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 Old Republic 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 $0.77 on $2.47 billion in revenues for the coming quarter and $2.95 on $9.66 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 - Multi line is currently in the bottom 33% 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, MetLife (MET - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 5.

This insurer is expected to post quarterly earnings of $2.36 per share in its upcoming report, which represents a year-over-year change of +16.8%. The consensus EPS estimate for the quarter has been revised 1% higher over the last 30 days to the current level.

MetLife's revenues are expected to be $19.38 billion, up 8.1% from the year-ago quarter.

Valley National Bancorp (VLY) Q2 2026 Earnings Call July 23, 2026 8:30 AM EDT

Company Participants

Andrew Jianette - Investor Relations Executive
Ira Robbins - President, CEO & Chairman
Travis Lan - Senior Executive VP & CFO
Mark Saeger - Executive Vice President

Conference Call Participants

Feddie Strickland - Hovde Group, LLC, Research Division
Christopher McGratty - Keefe, Bruyette, & Woods, Inc., Research Division
David Smith - Truist Securities, Inc., Research Division
Timur Braziler - UBS Investment Bank, Research Division
Matthew Breese - Stephens Inc., Research Division
Sun Young Lee - TD Cowen, Research Division

Presentation

Operator

Good day, and thank you for standing by. Welcome to Q2 2026 Valley National Bancorp Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to turn the call over to Andrew Jianette. Please go ahead.

Andrew Jianette
Investor Relations Executive

Good morning, and welcome to Valley's Second Quarter 2026 Earnings Conference Call. I am joined today by CEO, Ira Robbins; and CFO, Travis Lan. Our quarterly earnings release and supporting documents are available at valley.com. Reconciliations of any non-GAAP measures mentioned on the call can be found in today's earnings release and presentation.

Please also note Slide 2 of our earnings presentation and remember that comments made today may include forward-looking statements about Valley National Bancorp and the banking industry, and actual results may differ from those statements. For more information on these forward-looking statements and associated risk factors, please refer to our SEC filings, including Forms 8-K, 10-Q and 10-K. With that, I'll turn the call over to Ira Robbins.

Ira Robbins
President, CEO & Chairman

Thank you, Andrew. Our second quarter results illustrate continued progress against our strategic growth priorities. We delivered strong customer deposit growth, including meaningful growth in noninterest-bearing balances. We generated diverse loan growth concentrated in C&I and owner-occupied commercial

The market expects Live Nation (LYV - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 30. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis ticket seller and concert promoter is expected to post quarterly earnings of $0.59 per share in its upcoming report, which represents a year-over-year change of +43.9%.

Revenues are expected to be $7.58 billion, up 8.1% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.53% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Live Nation?For Live Nation, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +31.57%.

On the other hand, the stock currently carries a Zacks Rank of #5.

So, this combination makes it difficult to conclusively predict that Live Nation will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Live Nation would post a loss of$0.27 per share when it actually produced a loss of -$0.32, delivering a surprise of -18.52%.

Over the last four quarters, the company has beaten consensus EPS estimates just once.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Live Nation doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Albertsons® Companies, Inc. (NYSE: ACI) today announced a new regional operating model and the next step in its Merch United merchandising model, two connected changes designed to simplify how the company operates and position teams to respond more quickly to customer needs.

“We call it the ACI Edge. It combines the scale and capabilities of a national retailer with the accountability and local focus that have long distinguished our banners,” said Susan Morris, Chief Executive Officer of Albertsons Cos. “By consolidating 11 divisions into four regions and centralizing center store merchandising, we can make faster decisions, improve in-stocks and move accountability closer to our stores, where fresh, service and local execution matter most to customers.”

The new operating model will move the company from 11 divisions to four regions. Each region will include local markets focused on strengthening customer connections, supporting stores and driving results in their communities.

The California Region will include the Southern California and Northern California markets. The West Region will include the Mountain West, Portland and Seattle markets. The South Region will include the Southwest, Southern and United markets. The East Region will include the Jewel-Osco, Mid-Atlantic and Shaw’s markets.

The company is also advancing Merch United by centralizing center store merchandising, bringing customer insights, supplier relationships, strategy, product, placement, promotion and price under a single enterprise team while continuing to combine national scale with local expertise. Merch United combines the buying power, data and analytics of a national retailer with the customer focus and local insights of Albertsons Cos.' market teams.

“Center store centralization is an important next step in Merch United and in how we build a stronger, more connected merchandising organization,” said Michelle Larson, Executive Vice President and Chief Merchandising Officer of Albertsons Cos. “By bringing center store work together at the enterprise level, we can better leverage our scale, strengthen supplier partnerships and create more capacity for our regional and market teams to focus on fresh, local and the customer needs that make each community unique.”

Fresh merchandising decisions will remain in the markets and continue to be guided by the Merch United strategy, local customer preferences and market needs. Regional and market teams will continue to play an essential role in serving customers, supporting stores and delivering locally relevant experiences.

There are no plans to realign stores or districts as part of this transition. The company’s banners will continue serving customers with the local identity, history and community connections that have made them trusted shopping destinations.

Ultimately, these changes are intended to improve how Albertsons Cos. serves customers. A simpler operating structure, combined with the company's growing data and AI capabilities, will help teams respond more quickly to customer needs, improve in-stock performance and deliver a more consistent experience across stores and digital channels.

About Albertsons Companies

Albertsons Companies is a leading food and drug retailer in the United States. As of June 20, 2026, the Company operated 2,240 retail stores with 1,708 in-store pharmacies, 408 associated fuel centers, 22 dedicated distribution centers and 19 manufacturing facilities. The Company operates stores across 35 states and the District of Columbia under 22 well known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, ACME, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci's Food Lovers Market. The Company is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. In 2025, along with the Albertsons Companies Foundation, the Company contributed $497 million in food and financial support, including $56 million through its Nourishing Neighbors Program, to ensure those living in its communities and those impacted by disasters have enough to eat.

Albertsons, Safeway, Vons, Jewel-Osco, Tom Thumb, Randalls, United Supermarkets, Pavilions, Haggen and Balducci's Food Lovers Market are registered trademarks of Albertsons Companies Inc. or its subsidiaries. ACME, Carrs, Kings Food Markets, Shaw's, and Star Market are trademarks of Albertsons Companies Inc. or its subsidiaries. Albertsons associated logos, product names and services are trademarks of Albertsons Companies, Inc. All other trademarks are the property of their respective owners.

Important Notice Regarding Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the federal securities laws. The "forward-looking statements" include our current expectations, assumptions, perspectives and projections about our business and our industry. You can identify forward-looking statements by the use of words such as "outlook," "may," "should," "could," "estimates," "predicts," "potential," "continue," "anticipates," "believes," "plans," "expects," "future" and "intends" and similar expressions which are intended to identify forward-looking statements. The forward-looking statements are based on the Company’s current expectations and involve risks and uncertainties which are beyond our control and difficult to predict and could cause actual results to differ materially from the results expressed or implied by the statements. In evaluating our forward-looking statements, you should carefully consider the risks and uncertainties more fully described in the “Risk Factors” section or other sections in our reports filed with the SEC including the most recent annual report on Form 10-K and any subsequent periodic reports on Form 10-Q and current reports on Form 8-K and available at the SEC’s website at www.sec.gov.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260723720139/en/

Key Takeaways FFIV expects Q3 revenues of $820-$840M, with consensus at $832M and projected 6.63% year-over-year growth.F5 is seeing demand for hybrid multicloud, AI infrastructure and unified app delivery and security platforms.FFIV expects software and systems growth as BIG-IP, AI offerings and refresh cycles support demand. F5 Inc. (FFIV - Free Report) is scheduled to report third-quarter fiscal 2026 results on July 27, 2026, after market close.

For the third quarter of fiscal 2026, F5 projects non-GAAP earnings per share (EPS) in the range of $3.91 to $4.03. The Zacks Consensus Estimate for the same is pegged at $3.98, suggesting a year-over-year decrease of 4.33%. The figure has remained unchanged for the past 60 days.

FFIV’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average earnings surprise of 16.18%.

FFIV projects its third-quarter fiscal 2026 non-GAAP revenues between $820 million and $840 million. The Zacks Consensus Estimate for the same is pegged at $832 million, suggesting a year-over-year increase of 6.63%.

Factors Likely to Influence FFIV’s Q3 ResultsF5 is benefiting from robust demand for hybrid multicloud solutions as enterprises are ramping up their infrastructure modernization to improve resiliency, comply with digital sovereignty regulations and prepare for AI-driven workloads. Hybrid multicloud has become the standard enterprise architecture, with FFIV noting that more than 90% of enterprises now operate across hybrid environments. This trend is expected to have converted into strong product demand, particularly across systems and software in the to-be-reported quarter.

The ongoing AI infrastructure build-out is emerging as another major catalyst. Enterprises increasingly require high-performance traffic management, AI data delivery, runtime security and AI factory load balancing as AI inference moves into production. F5 has secured several AI-related customer wins, including deployments supporting AI data delivery, AI runtime security and GPU-based AI infrastructure and is likely to have gained more of such deals in the to-be-reported quarter.

Since AI is driving greater demand for compute, secure data movement and application delivery, F5's application delivery and security platform is positioning it at the center of enterprise AI infrastructure. Demand for unified application delivery and security platforms remained another important growth driver as customers are consolidating multiple point products into integrated platforms that simplify operations while strengthening performance and security across on-premises, cloud and edge environments. These factors are likely to have driven F5’s top line in the to-be-reported quarter.

F5 also introduced several AI-enabled security innovations in the past quarters, including AI-powered Distributed Cloud WAF capabilities and Agentic Bot Defense, further strengthening its application security portfolio for AI-powered applications. These products are expected to have gained traction in the to-be-reported quarter. The ongoing systems refresh cycle provided another meaningful tailwind. Our estimate for Systems revenues is pegged at $212.7 million.

F5 is benefiting from strong software momentum as well. Accelerating adoption of BIG-IP subscriptions, Distributed Cloud Services and AI-related software offerings are expected to have supported software revenue growth and benefited F5 in the to-be-reported quarter. BIG-IP has been continuously winning large enterprise deployments owing to its traffic management capabilities, automation features and lower total cost of ownership. Our estimate for Software revenues is pegged at $219.1 million.

Although F5 experienced a cybersecurity incident earlier this year, management indicated that the company responded rapidly by identifying, containing and remediating the issue. The investigation concluded that only limited non-sensitive data might have been exposed, with customers reporting minimal operational impact and no compromise of production environments. The swift response helped preserve customer confidence while allowing the company to maintain business momentum throughout the quarter.

What Our Model Says for F5 StockOur proven model does not conclusively predict an earnings beat for F5 this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here.

Though F5 currently carries a Zacks Rank #3, it has an Earnings ESP of -0.83%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter. You can see the complete list of today’s Zacks #1 Rank stocks here.

Stocks to ConsiderHere are some stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle.

Amphenol (APH - Free Report) has an Earnings ESP of +1.12% and sports a Zacks Rank #1 at present.

Amphenol shares have gained 16.8% year to date. Amphenol is scheduled to report its second-quarter 2026 results on July 29.

ASE Technology (ASX - Free Report) has an Earnings ESP of +21.21% and a Zacks Rank #2.

ASE Technology shares have surged 148.5% year to date. ASE Technology is set to report its second-quarter 2026 results on July 30.

Fortive (FTV - Free Report) has an Earnings ESP of +2.82% and a Zacks Rank #2 at present.

Fortive shares have gained 9.9% in the year-to-date period. Fortive is set to report second-quarter 2026 results on July 29.

, /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Primoris Services Corporation ("Primoris" or the "Company") (NYSE: PRIM). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. 

The class action concerns whether Primoris and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

You have until September 21, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Primoris securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.

[Click here for information about joining the class action]

On February 23, 2026, Primoris issued a press release reporting its fourth-quarter and full-year 2025 financial results. In the press release, Primoris disclosed increased costs on certain renewable energy projects, more challenging-than-anticipated soil conditions, and margin compression within its Energy segment, acknowledging that these issues adversely affected fourth-quarter profitability despite higher revenue.

On this news, Primoris's stock price fell $13.72 per share, or 8.28%, to close at $151.92 per share on February 24, 2026.

Then, on May 5, 2026, Primoris issued a press release reporting its financial results for the first quarter of 2026. In the press release, Primoris disclosed additional adverse developments affecting its renewable energy business, including revenue and margin pressure, delayed project starts, and weaker-than-expected first-quarter 2026 results. The Company also reduced its full-year 2026 Adjusted EPS guidance from $5.80-$6.00 to $4.80-$5.00 and lowered its Adjusted EBITDA guidance.

On this news, Primoris's stock price fell $101.69 per share, or 50.11%, to close at $101.23 per share on May 6, 2026.

Then, on June 8, 2026, Primoris issued a press release announcing that Anthony Vorderbruggen, the Company's President of Renewables, was departing Primoris, effective immediately.

On this news, Primoris's stock price fell $18.92 per share, or 15.4%, to close at $103.90 per share on June 9, 2026.

Finally, on June 22, 2026, Primoris issued a Business Update announcing that, following an internal review supported by an independent third-party industry expert, it had identified substantial challenges, cost overruns, and project delays affecting six renewable energy projects. The Company reduced its full-year 2026 Adjusted EPS guidance to $2.05-$2.60, lowered its Adjusted EBITDA guidance to $275 million-$325 million, projected that 2026 Renewables revenue would decline to approximately $2.1 billion, and announced the resignation of its Chief Operating Officer.

On this news, Primoris's stock price fell $23.39 per share, or 21.59%, to close at $84.95 per share on June 23, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. 

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

SOURCE Pomerantz LLP

Wall Street expects a year-over-year decline in earnings on lower revenues when Group 1 Automotive (GPI - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 30. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis auto dealer is expected to post quarterly earnings of $10.79 per share in its upcoming report, which represents a year-over-year change of -6.3%.

Revenues are expected to be $5.65 billion, down 0.9% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.55% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Group 1 Automotive?For Group 1 Automotive, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.03%.

On the other hand, the stock currently carries a Zacks Rank of #4.

So, this combination makes it difficult to conclusively predict that Group 1 Automotive will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Group 1 Automotive would post earnings of $8.93 per share when it actually produced earnings of $8.66, delivering a surprise of -3.02%.

Over the last four quarters, the company has beaten consensus EPS estimates just once.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Group 1 Automotive doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Expected Results of an Industry PlayerPenske Automotive (PAG - Free Report) , another stock in the Zacks Automotive - Retail and Whole Sales industry, is expected to report earnings per share of $3.38 for the quarter ended June 2026. This estimate points to a year-over-year change of -10.6%. Revenues for the quarter are expected to be $7.93 billion, up 3.4% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Penske has been revised 0.2% down to the current level. Nevertheless, the company now has an Earnings ESP of -0.74%, reflecting a lower Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that Penske will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Mobileye Global (MBLY - Free Report) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +216.67%. A quarter ago, it was expected that this maker of driver-assistance systems and autonomous driving technologies would post earnings of $0.08 per share when it actually produced earnings of $0.12, delivering a surprise of +50%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Mobileye, which belongs to the Zacks Automotive - Original Equipment industry, posted revenues of $508 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.96%. This compares to year-ago revenues of $506 million. 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.

Mobileye shares have lost about 15.9% since the beginning of the year versus the S&P 500's gain of 9.6%.

What's Next for Mobileye?While Mobileye 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 Mobileye 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 $0.05 on $472.29 million in revenues for the coming quarter and $0.28 on $1.98 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, Automotive - Original Equipment is currently in the bottom 37% 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, Innoviz Technologies Ltd. (INVZ - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 5.

This company is expected to post quarterly loss of $0.06 per share in its upcoming report, which represents a year-over-year change of +33.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Innoviz Technologies Ltd.'s revenues are expected to be $16.33 million, up 67.5% from the year-ago quarter.

, /PRNewswire/ -- NVR, Inc. (NYSE: NVR), one of the nation's largest homebuilding and mortgage banking companies, announced net income for its second quarter ended June 30, 2026 of $236.5 million, or $83.96 per diluted share.  For the second quarter ended June 30, 2026, net income and diluted earnings per share decreased 29% and 23%, respectively, when compared to 2025 second quarter net income of $333.7 million, or $108.54 per diluted share.  Consolidated revenues for the second quarter of 2026 totaled $2.33 billion, compared to $2.60 billion in the second quarter of 2025. 

For the six months ended June 30, 2026, consolidated revenues were $4.21 billion, a 16% decrease from $5.00 billion reported for the same period of 2025. Net income for the six months ended June 30, 2026 was $434.8 million, a decrease of 31% when compared to net income for the six months ended June 30, 2025 of $633.3 million. Diluted earnings per share for the six months ended June 30, 2026 was $151.38, a decrease of 26% from $203.20 per diluted share for the same period of 2025.

Homebuilding

New orders in the second quarter of 2026 increased by 9% to 5,885 units, when compared to 5,379 units in the second quarter of 2025. The average sales price of new orders in the second quarter of 2026 was $437,100, a decrease of 5% when compared to the second quarter of 2025.  The cancellation rate in the second quarter of 2026 was 15% compared to 17% in the second quarter of 2025.  Settlements in the second quarter of 2026 decreased by 8% to 5,058 units, compared to 5,475 units in the second quarter of 2025. The average settlement price in the second quarter of 2026 was $450,700, a decrease of 3% when compared to the second quarter of 2025. Our backlog of homes sold but not settled as of June 30, 2026 increased on a unit basis by 9% to 10,998 units and increased on a dollar basis by 5% to $4.99 billion when compared to the respective backlog unit and dollar balances as of June 30, 2025.

Homebuilding revenues of $2.28 billion in the second quarter of 2026 decreased by 11% compared to homebuilding revenues of $2.55 billion in the second quarter of 2025. Gross profit margin in the second quarter of 2026 decreased to 19.2%, from 21.5% in the second quarter of 2025.  Gross profit margin was negatively impacted by higher lot costs, pricing pressure due to continued affordability challenges and weak consumer sentiment, and by contract land deposit impairments totaling approximately $21.7 million. Income before tax from the homebuilding segment totaled $293.2 million in the second quarter of 2026, a decrease of 30% when compared to the second quarter of 2025.

Mortgage Banking

Mortgage closed loan production in the second quarter of 2026 totaled $1.35 billion, a decrease of 13% when compared to the second quarter of 2025. Income before tax from the mortgage banking segment totaled $25.4 million in the second quarter of 2026, a decrease of 14% when compared to $29.6 million in the second quarter of 2025.

About NVR

NVR, Inc. operates in two business segments:  homebuilding and mortgage banking.  The homebuilding segment sells and builds homes under the Ryan Homes, NVHomes and Heartland Homes trade names, and operates in thirty-seven metropolitan areas in sixteen states and Washington, D.C.  For more information about NVR, Inc. and its brands, see www.nvrinc.com, www.ryanhomes.com, www.nvhomes.com and www.heartlandluxuryhomes.com.

Some of the statements in this release made by the Company constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  Certain, but not necessarily all, of such forward-looking statements can be identified by the use of forward-looking terminology, such as "believes," "expects," "may," "will," "should," "could," or "anticipates" or the negative thereof or other comparable terminology.  All statements other than of historical facts are forward-looking statements.  Forward-looking statements contained in this document may include those regarding market trends, NVR's financial position and financial results, business strategy, the outcome of pending litigation, investigations or similar contingencies, and projected plans and objectives of management for future operations.  Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance of NVR to be materially different from future results, performance or achievements expressed or implied by the forward-looking statements.  Such risk factors include, but are not limited to the following: general economic and business conditions (on both a national and regional level); interest rate changes; access to suitable financing by NVR and NVR's customers; increased regulation in the mortgage banking industry; the ability of our mortgage banking subsidiary to sell loans it originates into the secondary market; competition; the availability and cost of land and other raw materials used by NVR in its homebuilding operations; shortages of labor; the economic impact of a major epidemic or pandemic; weather related slow-downs; building moratoriums; governmental regulation; fluctuation and volatility of stock and other financial markets; mortgage financing availability; and other factors over which NVR has little or no control.  NVR undertakes no obligation to update such forward-looking statements except as required by law.

NVR, Inc.

Consolidated Statements of Income

(in thousands, except per share data)

(unaudited)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Homebuilding:

Revenues

$      2,279,771

$      2,548,267

$      4,114,650

$      4,898,712

Other income

12,095

25,088

40,144

51,800

Cost of sales

(1,841,217)

(1,999,983)

(3,315,756)

(3,835,358)

Selling, general and administrative

(150,721)

(149,170)

(307,692)

(314,287)

Interest expense

(6,698)

(6,685)

(13,552)

(13,866)

Homebuilding income

293,230

417,517

517,794

787,001

Mortgage Banking:

Mortgage banking fees

46,585

50,547

92,769

103,134

Interest income

3,983

4,493

7,612

8,299

Other income

1,292

1,301

2,069

2,394

General and administrative

(26,153)

(26,425)

(49,280)

(51,118)

Interest expense

(296)

(300)

(629)

(573)

Mortgage banking income

25,411

29,616

52,541

62,136

Income before taxes

318,641

447,133

570,335

849,137

Income tax expense

(82,183)

(113,396)

(135,518)

(215,824)

Net income

$        236,458

$        333,737

$        434,817

$        633,313

Basic earnings per share

$            87.65

$          114.52

$          158.75

$          214.78

Diluted earnings per share

$            83.96

$          108.54

$          151.38

$          203.20

Basic weighted average shares outstanding

2,698

2,914

2,739

2,949

Diluted weighted average shares outstanding

2,816

3,075

2,872

3,117

NVR, Inc.

Consolidated Balance Sheets

(in thousands, except share and per share data)

(unaudited)

June 30, 2026

December 31, 2025

ASSETS

Homebuilding:

Cash and cash equivalents

$         1,093,736

$         1,883,844

Restricted cash

44,562

34,348

Receivables

49,642

32,742

Inventory:

Lots and housing units, covered under sales agreements with customers

1,877,430

1,410,695

Unsold lots and housing units

307,698

252,029

Land under development

21,067

39,312

Building materials and other

29,094

21,524

2,235,289

1,723,560

Contract land deposits, net

927,380

851,458

Property, plant and equipment, net

99,248

103,770

Operating lease right-of-use assets

110,893

110,535

Other assets

348,163

349,306

4,908,913

5,089,563

Mortgage Banking:

Cash and cash equivalents

50,938

32,642

Restricted cash

8,023

6,047

Mortgage loans held for sale, net

396,678

571,596

Property and equipment, net

7,723

7,727

Operating lease right-of-use assets

22,538

23,953

Other assets

75,807

125,402

561,707

767,367

Total assets

$         5,470,620

$         5,856,930

NVR, Inc.

Consolidated Balance Sheets (Continued)

(in thousands, except share and per share data)

(unaudited)

June 30, 2026

December 31, 2025

LIABILITIES AND SHAREHOLDERS' EQUITY

Homebuilding:

Accounts payable

$           375,478

$           259,244

Accrued expenses and other liabilities

311,697

376,976

Customer deposits

294,698

249,210

Operating lease liabilities

117,947

117,589

Senior notes

908,162

909,160

2,007,982

1,912,179

Mortgage Banking:

Accounts payable and other liabilities

46,849

53,738

Operating lease liabilities

24,593

26,144

71,442

79,882

Total liabilities

2,079,424

1,992,061

Commitments and contingencies

Shareholders' equity:

Common stock, $0.01 par value; 60,000,000 shares authorized; 20,555,330 shares

 issued as of both June 30, 2026 and December 31, 2025

206

206

Additional paid-in capital

3,223,670

3,155,367

Deferred compensation trust – 106,697 shares of NVR, Inc. common stock as of

 both June 30, 2026 and December 31, 2025

(16,710)

(16,710)

Deferred compensation liability

16,710

16,710

Retained earnings

16,821,586

16,386,769

Less treasury stock at cost – 17,877,177 and 17,755,943 shares as of June 30, 2026

 and December 31, 2025, respectively

(16,654,266)

(15,677,473)

Total shareholders' equity

3,391,196

3,864,869

Total liabilities and shareholders' equity

$         5,470,620

$         5,856,930

NVR, Inc.

Operating Activity

(dollars in thousands)

(unaudited)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Units

Average
Price

Units

Average
Price

Units

Average
Price

Units

Average
Price

New orders, net of cancellations:

Mid Atlantic (1)

2,081

$           499.2

1,930

$           531.3

3,998

$           499.2

3,796

$           523.0

North East (2)

390

$           639.4

424

$           655.3

859

$           624.4

801

$           674.0

Mid East (3)

1,186

$           419.2

1,072

$           424.2

2,369

$           422.2

2,170

$           422.0

South East (4)

2,228

$           353.3

1,953

$           361.7

4,397

$           356.0

3,957

$           359.0

Total

5,885

$           437.1

5,379

$           458.1

11,623

$           438.6

10,724

$           453.3

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Units

Average Price

Units

Average Price

Units

Average Price

Units

Average Price

Settlements:

Mid Atlantic (1)

1,721

$           511.1

2,101

$           537.2

3,139

$           515.3

4,151

$           532.6

North East (2)

452

$           621.1

474

$           651.7

818

$           637.2

945

$           632.5

Mid East (3)

1,056

$           429.4

1,082

$           415.8

1,778

$           429.6

2,095

$           411.6

South East (4)

1,829

$           364.1

1,818

$           363.3

3,338

$           363.0

3,417

$           359.2

Total

5,058

$           450.7

5,475

$           465.4

9,073

$           453.5

10,608

$           461.8

As of June 30,

2026

2025

Units

Average
Price

Units

Average
Price

Backlog:

Mid Atlantic (1)

4,019

$     509.2

3,713

$     532.6

North East (2)

1,014

$     632.9

911

$     698.4

Mid East (3)

2,224

$     426.2

2,120

$     426.8

South East (4)

3,741

$     362.5

3,325

$     371.6

Total

10,998

$     453.9

10,069

$     472.1

NVR, Inc.

Operating Activity (Continued)

(dollars in thousands)

(unaudited)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Average active communities:

Mid Atlantic (1)

133

120

129

120

North East (2)

28

26

29

25

Mid East (3)

95

94

97

93

South East (4)

186

186

182

175

Total

442

426

437

413

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Homebuilding data:

New order cancellation rate

14.9 %

16.5 %

14.4 %

16.0 %

Lots controlled at end of period

184,400

171,400

Mortgage banking data:

Loan closings

$      1,354,713

$      1,555,280

$    2,407,697

$    2,988,201

Capture rate

85 %

87 %

84 %

87 %

Common stock information:

Shares outstanding at end of period

2,678,153

2,883,215

Number of shares repurchased

54,716

65,834

144,896

142,954

Aggregate cost of shares repurchased

$        357,777

$        471,413

$      989,733

$    1,054,807

(1)

Maryland, Virginia, West Virginia, Delaware and Washington, D.C.

(2)

New Jersey and Eastern Pennsylvania

(3)

New York, Ohio, Western Pennsylvania, Indiana and Illinois

(4)

North Carolina, South Carolina, Tennessee, Florida, Georgia and Kentucky

SOURCE NVR, INC.

Weekly Points Now Live for Ondo Perps UsersOndo Finance has activated its Points program for Ondo Perps, adding a new incentive layer for traders on the platform. Points are earned based on trading volume and open interest, with the first distribution going live on July 23 and covering eligible trading activity dating back to June 2.

A fixed 5 million points will be distributed every week for the duration of the campaign, giving active traders a consistent and predictable rewards target.

The Points program arrives roughly six weeks after Ondo Perps launched on July 7, 2026 as the first perpetual futures platform for equities and commodities to support both tokenized equity holdings and stablecoins as collateral for derivatives positions. The platform covers perpetual futures on leading U.S. equities, ETFs, and commodities, including SPCX, MU, AAPL, NVDA, TSLA, QQQ, gold, and silver, for global investors outside the U.S.

Building on an Existing Rewards StructureThe Points program is the latest addition to a broader incentive stack built around the Ondo Perps product. At launch, Ondo made available up to $3 million in total rewards, starting with $150,000 in USDC pools for the first week of trading activity, alongside a referral program.

Ondo Perps describes itself as the first platform to allow tokenized stocks to be used as collateral for equity perpetuals, giving traders a way to use tokenized real-world assets inside leveraged markets instead of relying only on stablecoins. Rather than parking equities in one venue and stablecoins in another, traders can put their tokenized stocks to work backing leveraged positions.

The market capitalization of stock tokens has tripled since the beginning of the year to approximately $1.96 billion, while Ondo Perps has already surpassed $130 million in 24-hour trading volume. The Points program is designed to sustain engagement as competition in the tokenized asset derivatives space grows.

Sources:
Ondo Perps Launches First Equity Perpetuals Platform, Yahoo Finance
Ondo is Bringing Leveraged Stock Trading On-Chain, TheStreet
Ondo Unveils Perps DEX With Tokenized Stocks as Collateral, Bankless

Bitcoin and the broader cryptocurrency market continue to feel the effects of the extensive liquidation cascade that occurred on October 10 last year. Market capitalization across the sector remains approximately 45% lower compared to the period leading up to that event. Amid this backdrop, decentralized derivatives platform Hyperliquid has seen its native token, HYPE, surge by about 34% during the same timeframe, exceeding the broader market’s performance. Hyperliquid’s total open interest recently reached $11.51 billion, marking its highest level this year since the October crash when Bitcoin was trading near $100,000.

Hyperliquid’s growth diverges from the marketAs Bitcoin trades around $65,000, new data from Coinglass indicates that aggregate open interest in crypto futures markets stands at $116.66 billion. This figure reflects a decrease of 47% from the October 10 benchmark. Despite the market’s ongoing recovery, Hyperliquid’s metrics show strong growth, suggesting the platform is carving out a larger role in a challenging environment for digital assets.

Hyperliquid operates as a decentralized perpetuals exchange, allowing users to trade derivative contracts without central intermediaries. Its recent performance contrasts with the more modest rebound observed among leading centralized exchanges (CEXs), highlighting a shift in trader activity toward decentralized alternatives.

Date/PeriodTotal Crypto Open InterestHyperliquid Open InterestBitcoin PriceOctober 2025 (pre-crash)$220.12 billion$15 billion~$100,000Current$116.66 billion$11.51 billion~$65,000RWA perpetuals surpass Bitcoin trading on HyperliquidReal-world asset (RWA) perpetual contracts have emerged as the primary driver of increasing open interest on Hyperliquid. Daily open interest in RWA perps currently stands at $3.61 billion, achieved through the HIP-3 protocol introduced on October 13, 2025. HIP-3 allows users to stake 500,000 HYPE and launch a new perpetual market without direct approval from Hyperliquid’s core team.

With $3.61 billion in open interest, RWA perpetuals now represent the largest segment on Hyperliquid, overtaking Bitcoin, HYPE, and major layer-1 token markets. Daily trading volumes on HIP-3 products now account for half of total perpetual trading volume on the platform, compared to just 3% at the beginning of the year when core perpetuals made up 97% of activity.

Mini dictionary: Real-world asset (RWA) perpetuals are derivative contracts that enable continuous trading of assets linked to real-world items such as equities, commodities, or bonds on blockchain-based platforms. The HIP-3 framework allows for decentralized market deployment without centralized oversight, expanding the variety and accessibility of RWA-based derivatives.

Daily HIP-3 volumes now hold a 50% share of Hyperliquid’s total perpetual trading, while core perpetuals have seen their dominance drop from 97% to 50% within a few months.

Hyperliquid’s share of global perpetual open interest among major exchanges has risen to 9.5%, a new peak according to Hypeflows data. This is an increase from 6.9% recorded in late May. Despite this, Hyperliquid’s own open interest remains about 23% below its October 2025 high of nearly $15 billion. Meanwhile, competitors such as Binance, Bybit, and Gate.io have seen more pronounced declines due to post-crash deleveraging. Analysts interpret Hyperliquid’s rising market share as a result of weathering the downturn more successfully than its peers, rather than drawing substantial trader migration from these platforms.

ExchangeOpen Interest, CurrentChange Since Oct 2025Hyperliquid$11.51 billion-23%Binance(not specified)Larger contractionBybit(not specified)Larger contractionGate.io(not specified)Larger contractionHyperliquid’s all-time high market share has been attributed to shrinking less sharply than major centralized exchanges during market turbulence.

Concentration of open interest and CEX competitionThe majority of HIP-3 open interest—over 90%—is concentrated in TradeXYZ, a protocol launched by Hyperunit, Hyperliquid’s tokenization arm. HIP-3 market operations are conducted outside Hyperliquid’s core liquidity pool, meaning responsibilities such as data oracles, margin rules, and liquidity are managed by the venue operator. This setup has resulted in a single venue supporting roughly a third of Hyperliquid’s overall open interest.

Centralized exchanges are monitoring the trend. Binance responded by launching pre-IPO perpetual contracts featuring a SpaceX market on May 21, followed by seven US equity and ETF perpetuals offering up to 25x leverage as of July 9. The availability of RWA-based products with CEX-scale liquidity marks a shift that may alter the competitive landscape for Hyperliquid and DeFi derivatives markets.

Mini dictionary: TradeXYZ is a DeFi protocol built by Hyperunit, the tokenization arm of Hyperliquid, specializing in deploying and managing on-chain perpetual derivatives markets. The project enables decentralized trading of novel assets and was responsible for most HIP-3 open interest following the rollout of RWA markets.

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.

Tractor Supply (TSCO - Free Report) came out with quarterly earnings of $0.81 per share, missing the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.81 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -2.41%. A quarter ago, it was expected that this retailer for farmers and ranchers would post earnings of $0.35 per share when it actually produced earnings of $0.31, delivering a surprise of -11.43%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

Tractor Supply, which belongs to the Zacks Retail - Miscellaneous industry, posted revenues of $4.54 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.64%. This compares to year-ago revenues of $4.44 billion. 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 earnings expectations will mostly depend on management's commentary on the earnings call.

Tractor Supply shares have lost about 41.3% since the beginning of the year versus the S&P 500's gain of 9.6%.

What's Next for Tractor Supply?While Tractor Supply 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 Tractor Supply 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 $0.49 on $3.86 billion in revenues for the coming quarter and $2.08 on $16.16 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, Retail - Miscellaneous is currently in the top 27% 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, Arhaus, Inc. (ARHS - Free Report) , is yet to report results for the quarter ended June 2026.

This company is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents a year-over-year change of -36%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Arhaus, Inc.'s revenues are expected to be $366.37 million, up 2.2% from the year-ago quarter.

Dime Community (DCOM - Free Report) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +3.95%. A quarter ago, it was expected that this bank holding company would post earnings of $0.77 per share when it actually produced earnings of $0.74, delivering a surprise of -3.9%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Dime Community, which belongs to the Zacks Banks - Southeast industry, posted revenues of $126.45 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.64%. This compares to year-ago revenues of $109.69 million. 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.

Dime Community shares have added about 31.1% since the beginning of the year versus the S&P 500's gain of 9.6%.

What's Next for Dime Community?While Dime Community 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 Dime Community 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 $0.90 on $131.03 million in revenues for the coming quarter and $3.37 on $513.88 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 - 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 same industry, Renasant (RNST - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 28.

This holding company for Renasant Bank is expected to post quarterly earnings of $0.91 per share in its upcoming report, which represents a year-over-year change of +31.9%. The consensus EPS estimate for the quarter has been revised 0.3% lower over the last 30 days to the current level.

Renasant's revenues are expected to be $275.6 million, up 3.2% from the year-ago quarter.

Kazakhstan has laid out a plan to build a national strategic crypto reserve fed by its bitcoin miners, part of a two-step push by President Kassym-Jomart Tokayev to pull the country’s large mining industry into a regulated, state-supervised system.

A presidential decree signed July 7 sets the frame, and a government resolution approved July 18 supplies the mechanism. The government cleared the rules for strategic digital mining under Government Resolution No. 638, published in the PRG.kz legal database.

Together the two measures aim to route mining output and crypto trading through Kazakh infrastructure, with the state taking a share of mined coins for a sovereign reserve.

The reserve sits at the center. Under the July 18 resolution, the Kazakhstan government created a program of “strategic digital mining,” in which miners receive electricity quotas at capped tariffs on 10-year contracts from listed power producers. In exchange, they must hand over part of what they mine, according to local reporting.  

A formula sets the transfer at 10% of mined digital assets after the cost of electricity and grid services, paid each month to the state-linked Astana Hub fund, which passes the coins to the National Investment Corporation of the National Bank for management inside a “national strategic crypto reserve.”

The first approved power source is the Ekibastuz GRES-1 coal plant, with a 300-megawatt quota. To qualify, a miner must run a data center of at least 150 megawatts, with rigs that each clear 150 terahashes per second, among other conditions.

The resolution defines its reserve as a vehicle to invest in digital assets, in derivatives tied to those assets, and in the shares of companies that build or invest in crypto. 

Rather than hold coins alone, the structure gives the state a spread of exposure to the sector it now seeks to grow, with the National Bank’s investment arm at the controls.

The design turns Kazakhstan’s cheap power and mining base into a channel for state accumulation, an approach that echoes the reserve strategies spreading among governments. Kazakhstan had floated a $1 billion crypto reserve built in part on seized assets and state-mined coins, and its central bank moved to invest up to $350 million in crypto-linked funds. 

The United States established a strategic bitcoin reserve from forfeited coins last year, a model other states have weighed.

Kazakhstan as a bitcoin mining hub Kazakhstan ranks among the world’s largest bitcoin mining hubs, fifth by mining activity in the Cambridge Digital Mining Industry Report from April 2025, a status built on cheap coal power that drew miners after China’s 2021 ban, though the country moved to tighten its mining rules over grid strain. 

The new program reads as an attempt to harness that base rather than curb it, and the decree directs the Kazakhstan government to tap associated petroleum gas, natural gas, and renewable output for mining.

Other crypto tasked  The July 7 decree reaches past mining. It sets up a Committee on Digital Assets and Payment Systems under the National Bank, and orders work on tokenization platforms, exchange and custody services, and crypto-fiat channels tied to the financial system.

It calls for stablecoins to settle cross-border trade for export and import, tokenized government securities by the end of 2026, and rules that isolate customer assets from a bankrupt provider’s estate.

To pull activity onshore, the decree offers a plan to exempt individuals from personal income tax on crypto gains earned through Kazakh providers from the start of 2026 through the end of 2028, plus a window for holders to disclose coins acquired or mined in the past if they move them into regulated infrastructure. 

The government also plans a National Cryptocurrency Analysis Center by mid-2027 to track transactions and flag illicit schemes, along with a review of DeFi platforms.

Micah Zimmerman

Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a news reporter for Bitcoin Magazine, based in North Carolina.