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A month has gone by since the last earnings report for Landstar System (LSTR - Free Report) . Shares have added about 2.1% in that time frame, underperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Landstar due for a pullback? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent drivers for Landstar System, Inc. before we dive into how investors and analysts have reacted as of late.

Landstar Q2 Earnings Beat EstimatesLandstar reported solid second-quarter 2026 results, wherein its earnings and revenues surpassed the Zacks Consensus Estimate as well as improved year over year.

Quarterly earningsearnings of $1.44 per share, beat the Zacks Consensus Estimate of $1.42 by 1.4%. Earnings rose 20% from $1.20 a year earlier.

Revenues of $1.43 billion surpassed the consensus mark of $1.32 billion by 8.3% and increased 18.2% year over year. Higher truck rates and modest load growth drove the top line, with truck revenue per load climbing 17% year over year.

LSTR's Truck Business Powers Revenue Growth

Truck transportation revenues increased 19.3% year over year to $1.33 billion and represented 93% of total revenues. The number of truck loads rose 1.9% year over year to 510,250, while revenue per truck load advanced to $2,614 from $2,234.

Van-equipment revenues grew 21.4% year over year to $717.51 million, supported by a 4.8% year over year increase in loads and a 15.8% rise in revenue per load. Unsided and platform revenues increased 22.8% year over year to $492.17 million as loads rose 2.4% and revenue per load jumped 19.9%.

Consumer durables remained the largest market served, accounting for 28.3% of transportation logistics revenues. Revenues from that market increased 24% year over year, while energy revenues surged 76%. Building products revenues rose 24% year over year, machinery revenues increased 17% and automotive revenues advanced 5%.

Landstar's Other Services Deliver Mixed Results

Rail intermodal revenues increased 26% year over year to $27.76 million. Rail loads rose 9% year over year to 8,520, while revenue per load increased 15.7% to $3,258, providing growth from both volume and pricing.

Ocean and air-cargo revenues declined 2.1% year over year to $49.74 million as a 3.8% year over year decrease in loads offset a 1.8% increase in revenue per load. Other truck transportation revenues fell 1.6% year over year to $99.07 million.

Less-than-truckload revenues edged down 0.7% year over year to $25.12 million. A 24.9% reduction in loadings more than offset a 32.1% improvement in revenue per load, reflecting a sizable shift in the mix of shipments handled during the quarter.

LSTR's Profitability Improves Despite Insurance Pressure

Gross profit increased 21.1% year over year to $132.34 million, and gross margin expanded 20 basis points from the year-ago reported quarter to 9.2%. Variable contribution, which excludes purchased transportation and agent commissions, rose 17% year over year to $199.43 million. The related margin contracted 20 basis points from the year-ago reported quarter to 13.9%.

Insurance and claims expense increased 29.3% year over year to $39.36 million, mainly due to unfavorable development of prior-year claims. Selling, general and administrative expenses rose 22.4% year over year to $68.19 million, partly limiting operating leverage despite strong revenue growth.

Landstar's Capacity Trends Support Freight Demand

The company added a net 68 trucks provided by business capacity owners during the quarter, its strongest quarterly increase since the first quarter of 2022. BCO trucks totaled 8,544 at second quarter-end.

BCO-hauled loads increased 10.1% year over year to 224,600, while revenues generated through BCO capacity rose 22% year over year to $563.07 million. The stronger utilization of this dedicated capacity supported Landstar's truck performance.

Management said truck volumes and revenue per load outpaced normal seasonal patterns. July truck loads were about 5% above the prior-year level, while truck revenue per load was approximately 26% higher, indicating continued momentum entering the third quarter.

LSTR's Balance Sheet Remains Strong

At the end of second-quarter 2026, Landstar had cash and cash equivalents of $294.35 million compared with $353.25 million recorded at the prior-quarter end. Additionally, long-term debt (excluding current maturities) totaled $42.08 million at the end of the second quarter compared with $43.14 million at the prior-quarter end.

Cash flow from operations totaled $27.8 million in the first half, while capital expenditures were $8.7 million and free cash flow was $19.1 million. First-half free cash flow declined from $58.4 million reported in the second-quarter 2025.

Dividend Hike Update & Share Buybacks

Concurrent with its second-quarter 2026 earnings release, Landstar’sboard of directorsapproved a dividendhike of 10%, thereby raising its quarterly cash dividend to 44 cents per share ($1.76 annualized) from 40 cents ($1.60 annualized). The raised dividend will be paid out on Sept 9, 2026, to shareholders of record at the close of business on Aug 18. The move reflects LSTR’s intention to utilize free cash to enhance its shareholders’ returns.

Landstar did not purchase shares in the second quarter of 2026, however, during the first half of 2026, Landstar purchased 150,923 shares of its common stock for $22.6 million. Landstar is currently authorized to purchase up to an additional 1,115,195 shares under its longstanding share purchase program.

Overall, Landstar returned nearly $120 million to shareholders through dividends ($95.3 million) and share repurchases ($24.1 million) during the first half of 2026.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in estimates revision.

VGM ScoresCurrently, Landstar has a subpar Growth Score of D, however its Momentum Score is doing a bit better with a C. Charting a somewhat similar path, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for value investors.

Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Landstar has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.

It has been about a month since the last earnings report for Ashland (ASH - Free Report) . Shares have added about 2% in that time frame, underperforming the S&P 500.

But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Ashland due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important catalysts.

Ashland's Q3 Earnings Miss Estimates, Sales Beat on Volume GrowthAshland recorded income from continuing operations of $41 million or 89 cents per share for the third quarter of fiscal 2026 (ended June 30, 2026) against a loss from continuing operations of $719 million or $15.70 per share in the prior-year quarter.  

Barring one-time items, adjusted earnings were $1.02 per share, down around 2% from the year-ago quarter figure of $1.04. The bottom line missed the Zacks Consensus Estimate of $1.03.  

Sales increased 7% year over year to $497 million. The top line surpassed the Zacks Consensus Estimate of $486.2 million. Sales volumes rose 6%, with gains across all business units, while pricing increased around 1%. Favorable foreign currency movements contributed $3 million to sales. 

Segment HighlightsLife Sciences: Sales in the segment increased 11% year over year to $180 million in the reported quarter. The figure surpassed the Zacks Consensus Estimate of $169.5 million. The year-over-year improvement was driven by higher volumes, broad-based pharmaceutical demand across regions and product categories, strength in high-purity excipients and injectables, customer order timing and favorable pricing.  

Personal Care: Sales in the division increased 5% year over year to $155 million. The metric beat the consensus estimate of $154 million. Growth reflected higher volumes across end markets and regions, including strength in skin care, hair care, oral care and home care, along with robust demand for biofunctional actives and microbial protection.  

Specialty Additives: Sales in the segment increased 4% year over year to $136 million and missed the Zacks Consensus Estimate of $139 million. Favorable pricing and mix, continued growth in coatings and performance specialties, share gains and strong commercial execution more than offset weakness in construction and energy and resources.  

Intermediates: Sales in the segment rose 12% year over year to $37 million and beat the consensus estimate of $34 million. The increase reflected higher merchant sales, supported by improving N-Methyl-2-pyrrolidone demand from North American electric-vehicle battery and energy-storage customers, as well as higher captive butanediol sales.  

FinancialsCash flows provided by operating activities were $121 million, up from $114 million in the prior-year quarter, primarily reflecting working-capital improvements. Ongoing free cash flow was $103 million compared with $108 million a year ago, with conversion remaining above 90% in both periods. Ashland ended the quarter with net leverage of 2.4 times, returning to its long-term target range.  

OutlookFor fiscal 2026, Ashland reaffirmed sales guidance of $1.835-$1.870 billion and adjusted EBITDA outlook of $385-$400 million. The company revised its adjusted EPS outlook, excluding intangible amortization, to low-to-mid-single-digit growth from mid-to-high-single-digit growth due to a higher tax rate associated with unfavorable discrete items. Ongoing free cash flow conversion is expected to exceed 50% of adjusted EBITDA, with capital expenditures of approximately $90 million. Management expects continued sequential improvement in the fourth quarter as operations improve and recent pricing actions gain traction.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a flat trend in estimates review.

VGM ScoresCurrently, Ashland has a subpar Growth Score of D, a score with the same score on the momentum front. Charting a somewhat similar path, the stock has a grade of C on the value side, putting it in the middle 20% for value investors.

Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook Ashland has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Bank of America Corp DE lifted its position in Grocery Outlet Holding Corp. (NASDAQ:GO – Free Report) by 31.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,083,541 shares of the company’s stock after acquiring an additional 258,292 shares during the period. Bank of America Corp DE owned 1.10% of Grocery Outlet worth $7,639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UBS Group AG lifted its holdings in shares of Grocery Outlet by 87.6% in the 4th quarter. UBS Group AG now owns 2,726,299 shares of the company’s stock valued at $27,536,000 after buying an additional 1,272,859 shares during the period. Vanguard Group Inc. grew its holdings in Grocery Outlet by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 11,255,936 shares of the company’s stock worth $113,685,000 after acquiring an additional 213,325 shares during the period. CenterBook Partners LP grew its holdings in Grocery Outlet by 262.2% during the fourth quarter. CenterBook Partners LP now owns 645,159 shares of the company’s stock worth $6,516,000 after acquiring an additional 467,019 shares during the period. Clearbridge Investments LLC raised its position in Grocery Outlet by 6.6% during the fourth quarter. Clearbridge Investments LLC now owns 2,816,721 shares of the company’s stock valued at $28,449,000 after acquiring an additional 173,308 shares in the last quarter. Finally, Heartland Advisors Inc. raised its position in Grocery Outlet by 146.3% during the fourth quarter. Heartland Advisors Inc. now owns 682,650 shares of the company’s stock valued at $6,895,000 after acquiring an additional 405,500 shares in the last quarter. Hedge funds and other institutional investors own 99.87% of the company’s stock.

Wall Street Analysts Forecast Growth Several research firms recently issued reports on GO. Wells Fargo & Company boosted their target price on shares of Grocery Outlet from $9.00 to $11.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Morgan Stanley raised their price target on shares of Grocery Outlet from $7.00 to $11.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $9.00 price objective on shares of Grocery Outlet in a report on Thursday, August 13th. UBS Group upped their price objective on shares of Grocery Outlet from $10.00 to $11.50 and gave the stock a “neutral” rating in a research report on Monday, August 17th. Finally, Weiss Ratings raised shares of Grocery Outlet from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, August 13th. Twelve investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $10.59.

View Our Latest Research Report on Grocery Outlet Insider Activity In other Grocery Outlet news, insider Paul Blaine Miller acquired 8,000 shares of the stock in a transaction dated Thursday, August 20th. The stock was acquired at an average price of $10.90 per share, with a total value of $87,200.00. Following the completion of the purchase, the insider owned 72,171 shares in the company, valued at $786,663.90. This trade represents a 12.47% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have bought a total of 23,000 shares of company stock worth $228,400 over the last 90 days. 5.60% of the stock is currently owned by corporate insiders.

Grocery Outlet Price Performance Grocery Outlet stock opened at $12.12 on Wednesday. Grocery Outlet Holding Corp. has a 12-month low of $5.66 and a 12-month high of $19.23. The stock has a market cap of $1.20 billion, a P/E ratio of -3.13, a PEG ratio of 8.49 and a beta of 0.65. The company has a 50-day moving average price of $9.99 and a 200 day moving average price of $8.74. The company has a current ratio of 1.29, a quick ratio of 0.30 and a debt-to-equity ratio of 0.60.

Grocery Outlet (NASDAQ:GO – Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.07. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Grocery Outlet had a positive return on equity of 5.84% and a negative net margin of 8.04%.The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 earnings per share. Sell-side analysts anticipate that Grocery Outlet Holding Corp. will post 0.42 earnings per share for the current year.

Grocery Outlet Profile (Free Report)

Grocery Outlet Holding Corp. (NASDAQ: GO) is a specialty discount retailer that offers consumers deeply discounted groceries by purchasing excess inventory, closeouts, and overstocks from manufacturers and distributors. Headquartered in Emeryville, California, the company operates two primary banners—Grocery Outlet and Fresh2Go—with a combined footprint of more than 400 stores. Its product assortment spans fresh produce, meat, dairy, bakery items, household staples, natural and organic offerings, and select specialty products, all sold at significant markdowns compared to conventional supermarkets.

The company’s unique buying model enables it to source inventory through opportunistic purchases of surplus freight, discontinued items, and closeout deals, which it then passes on as savings to its customers.

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Bank of New York Mellon Corp bought a new position in Darling Ingredients Inc. (NYSE:DAR – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,162,462 shares of the company’s stock, valued at approximately $63,494,000. Bank of New York Mellon Corp owned approximately 0.73% of Darling Ingredients as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Danske Bank A S acquired a new position in Darling Ingredients during the third quarter worth $25,000. Allworth Financial LP boosted its stake in shares of Darling Ingredients by 227.2% during the 4th quarter. Allworth Financial LP now owns 733 shares of the company’s stock worth $26,000 after acquiring an additional 509 shares in the last quarter. SJS Investment Consulting Inc. increased its holdings in shares of Darling Ingredients by 69.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $26,000 after acquiring an additional 174 shares during the last quarter. Litman Gregory Wealth Management LLC acquired a new position in shares of Darling Ingredients during the 4th quarter valued at about $29,000. Finally, Leonteq Securities AG bought a new position in shares of Darling Ingredients in the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Analyst Upgrades and Downgrades DAR has been the subject of a number of recent analyst reports. Weiss Ratings raised Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Barclays lifted their price target on shares of Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Jefferies Financial Group upped their price objective on shares of Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Wall Street Zen upgraded shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Finally, Zacks Research upgraded shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.00.

Read Our Latest Stock Analysis on Darling Ingredients Insider Transactions at Darling Ingredients In other news, EVP Nicholas James Kemphaus sold 1,591 shares of Darling Ingredients stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $63.05, for a total transaction of $100,312.55. Following the sale, the executive vice president owned 35,087 shares of the company’s stock, valued at approximately $2,212,235.35. This trade represents a 4.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Joseph Manzi sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $67.27, for a total value of $67,270.00. Following the completion of the transaction, the chief accounting officer owned 18,969 shares of the company’s stock, valued at $1,276,044.63. The trade was a 5.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 10,591 shares of company stock worth $704,303. Insiders own 1.90% of the company’s stock.

Darling Ingredients Price Performance Shares of Darling Ingredients stock opened at $62.56 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.56 and a quick ratio of 1.03. The company has a market cap of $9.87 billion, a PE ratio of 16.86 and a beta of 1.02. The firm has a fifty day moving average price of $60.31 and a two-hundred day moving average price of $58.68. Darling Ingredients Inc. has a fifty-two week low of $29.15 and a fifty-two week high of $69.98.

Darling Ingredients (NYSE:DAR – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $1.01. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. Darling Ingredients had a net margin of 9.13% and a return on equity of 12.98%. The business’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.08 EPS. Analysts expect that Darling Ingredients Inc. will post 6.98 EPS for the current year.

Darling Ingredients Company Profile (Free Report)

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.

Featured Stories Five stocks we like better than Darling Ingredients Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise Alcoa’s Gallium Project Opens a New Door Beyond Aluminum Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech Can Tesla’s Flying Roadster Distract From Its Real Risks? Want to see what other hedge funds are holding DAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Darling Ingredients Inc. (NYSE:DAR – Free Report).

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, /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Planet Fitness, Inc. ("Planet Fitness" or the "Company") (NYSE: PLNT). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (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 Planet Fitness and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

You have until September 14, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Planet Fitness 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 May 7, 2026, Planet Fitness reported its first quarter 2026 financial results and updated its full-year outlook. Among other items, Planet Fitness disclosed that "2026 is off to a slower than expected start from a net member growth perspective" as the Company faced "internal and external headwinds during our peak sign-up period." The Company further disclosed that it was pausing its planned national Black Card price increase pending a broader pricing review. In addition, Planet Fitness stated that, based on "lower net joins than planned in the first quarter" and the decision to pause the Black Card price increase, it was reducing several of its 2026 growth expectations. The Company lowered expected system-wide same club sales growth to approximately 1%, compared to its prior guidance of 4% to 5%; revenue growth to approximately 7%, compared to prior guidance of approximately 9%; adjusted EBITDA growth to approximately 6%, compared to prior guidance of approximately 10%; adjusted net income to a decrease of approximately 2%, compared to prior guidance of 4% to 5% growth; and adjusted diluted EPS growth to approximately 4%, compared to prior guidance of 9% to 10%.

On this news, Planet Fitness's stock price fell $19.95 per share, or 31.19%, to close at $44.01 per share on May 7, 2026.

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

Attorney advertising. Prior results do not guarantee similar outcomes.

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

SOURCE Pomerantz LLP

Key Takeaways SoFi began settling trading in SoFiUSD as Big Business Banking enabled 24/7 transactions on its network.About $300 million of SoFiUSD was in circulation, creating an initial liquidity pool for the ecosystem.Fee-based revenue reached $472 million, as payments and technology services could support further growth. SoFi Technologies’ (SOFI - Free Report) stablecoin strategy is moving from product launch to real-world payments. During the second quarter of 2026, SoFi began settling its trading business in SoFiUSD, while Big Business Banking began processing transactions on the SoFi Exchange Network. That gives commercial clients the ability to move money in real time, 24/7, within SoFi’s regulated banking environment.

SoFiUSD is backed by cash at the Federal Reserve, giving it zero credit, liquidity or duration risk. The company also describes SoFiUSD as the first stablecoin issued by a nationally chartered bank on a public, permissionless blockchain. Together, those features give SOFI a regulated base as it tried to build faster and lower-cost payment rails.

The strategy becomes more interesting when combined with Big Business Banking. Commercial clients can hold funds in insured business deposit accounts, move fiat and digital assets through API-driven payments and convert between them on one platform. Roughly $300 million of SoFiUSD was already in circulation at the end of the quarter, providing the ecosystem with an initial pool of liquidity.

For SOFI, the key question is whether payments can become a meaningful fee-based business. In second-quarter 2026, fee-based revenues reached $472 million or 39% of adjusted net revenues, up 22% from the prior quarter. Financial Services and Technology Platform revenues together accounted for about $551 million or 46% of adjusted net revenues. Management expects Financial Services and Technology Platform revenues to exceed 50% of total revenues over time.

SoFiUSD could support that shift if activity grows, as the company sees payments, banking infrastructure and technology services as interconnected opportunities. Big Business Banking also expands the enterprise offering SoFi Tech Solutions’, potentially adding fee revenues and net interest income.

How Are Competitors Faring?PayPal Holdings (PYPL - Free Report) is a key SoFi competitor in digital finance, operating PYUSD, its U.S.-dollar stablecoin, across payments, transfers and merchant settlement. In March 2026, PayPal expanded PYUSD access to 70 markets, strengthening its cross-border proposition. Its August merchant-settlement feature also offers eligible merchants 4% annual rewards on PYUSD balances.

Coinbase Global (COIN - Free Report) competes with SoFi through crypto trading, payments, custody and stablecoin infrastructure centered on USDC. Recent deals include MassPay’s June 2026 integration for global USDC payouts and Marex’s July 2026 adoption of USDC for regulated derivatives collateral. Coinbase reported that the average USDC held in its products reached a record $20 billion in the second quarter of 2026.

SOFI’s Price Performance, Valuation, and EstimatesShares of SOFI have gained 15.2% in the past three months, outperforming the broader industry while underperforming the S&P 500 Index.

Image Source: Zacks Investment Research

From a valuation standpoint, SOFI trades at a forward price-to-earnings ratio of 24.63X, well above the industry’s 16.98X. It carries a Value Score of F.

Image Source: Zacks Investment Research

SOFI’s estimate revisions reflect a favorable trend for full-year 2026. The Zacks Consensus Estimate for full-year 2026 EPS gained a cent to 60 cents over the past month.

Image Source: Zacks Investment Research

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

It has been about a month since the last earnings report for SoFi Technologies, Inc. (SOFI - Free Report) . Shares have added about 16.5% in that time frame, outperforming the S&P 500.

But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is SoFi Technologies due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important drivers.

SoFi Technologies' Q2 Earnings Meet EstimateSoFi delivered second-quarter 2026 adjusted earnings per share (EPS) of 12 cents. The metric outpaced the Zacks Consensus Estimate by 9.1%. Adjusted net revenues increased 40% year over year to $1.21 billion. The figure surpassed the Zacks Consensus Estimate of $1.11 billion by 8.3%. Total net revenues were $1.22 billion, rising 43% year over year.

Profitability also improved despite continued investment in growth initiatives. Adjusted EBITDA increased 44% to $357.8 million, and adjusted EBITDA margin reached 30% compared with 29% in the prior-year quarter.

Net interest margin remained healthy at 5.98%, up 12 basis points year over year and 4 basis points sequentially. This supported a 52% increase in net interest income to $788.2 million.

Management highlighted second-quarter 2026 as the company’s 19th consecutive quarter meeting the Rule of 40 benchmark. The Rule of 40 score was 70, based on 40% adjusted net revenue growth and a 30% adjusted EBITDA margin.

Member Growth & Cross-Buy AccelerateMember acquisition remained one of the strongest indicators of platform momentum. SoFi added 1.1 million new members in the second quarter of 2026, bringing total members to 15.8 million, up 35% year over year.

Product growth was even stronger. The company added a record 2.2 million products in the second quarter of 2026, bringing total products to 24.4 million, up 42% year over year. Products per member reached an all-time high of 1.54.

The reported quarter marked the first time SoFi added twice as many products as members. Existing members opened 51% of new products, compared with 35% in second-quarter 2025, showing improving cross-buy trends across the platform.

Management pointed to SoFi Plus and SoFi Coach as important drivers of deeper engagement. SoFi Plus surpassed 200,000 paid members, while SoFi Coach generated more than 500,000 conversations with more than 90% positive feedback.

Lending Remains the Main Growth DriverThe Lending segment continued to drive consolidated performance in second-quarter 2026. Adjusted net revenue increased 59% year over year to $711.7 million, while contribution profit rose 63% to $399 million.

Total loan originations reached a record $14.8 billion, up 69% year over year. Personal loan originations increased 54% to $10.7 billion, student loan originations surged 170% to $2.7 billion and home loan originations rose 74% to $1.4 billion.

Credit metrics remained supportive. The personal loan net charge-off rate was 2.62%, down 21 basis points year over year and 41 basis points sequentially. Student loan net charge-offs were 0.61%, down 33 basis points year over year.

The loan platform business also remained an important growth lever. SoFi sold or transferred $4.1 billion of personal and home loans, including $3.1 billion through the loan platform business.

Financial Services Adds DiversificationThe Financial Services segment continued to broaden SoFi’s revenue base. Net revenues increased 29% year over year to $466.3 million, supported by deposit growth, interchange, brokerage and referral activity.

Contribution profit rose 13% year over year to $212.7 million. Contribution margin declined to 46% from 52% in prior-year period, reflecting higher spending and investment in product innovation.

As of June 30, 2026, deposits reached $45.5 billion, up 21% from Dec. 31, 2025. Deposits also increased $5.3 billion sequentially, supporting SoFi’s funding base and balance sheet flexibility.

Transactional revenue trends were also strong. Interchange revenues increased 55% year over year, while brokerage revenues rose roughly 2.5 times year over year as SoFi Invest gained traction.

Technology Platform Still Faces PressureThe Technology Platform segment remained the weakest area in the reported quarter. Net revenues declined 23% year over year to $84.5 million, reflecting the impact of a large client that transitioned off the platform before year-end 2025.

Contribution profit fell 65% year over year to $11.8 million. Contribution margin declined to 14% from 30% in prior-year quarter, underscoring the near-term pressure from lost scale and transition costs.

Technology Platform accounts totaled 135 million, down 16% year over year but up 2 million sequentially. The sequential improvement suggests some stabilization, though the segment continues to lag SoFi’s stronger lending and financial services businesses.

Management relaunched the business under the unified SoFi Tech Solutions brand. The platform now emphasizes processing, core ledger, payments hub and risk and fraud capabilities.

Balance Sheet ImproveSoFi ended the second quarter with $60.95 billion in total assets, up from $50.66 billion at Dec. 31, 2025. Loans held for sale increased 30% from year-end 2025 to $29.74 billion, reflecting continued loan origination growth.

Capital levels remained strong. The total risk-based capital ratio was 18.8%, while available liquidity was $13.7 billion. Cash flow from operations was negative $6.2 billion, reflecting a high loan pipeline build.

2026 Guidance RaiseManagement raised full-year 2026 adjusted net revenue guidance to $4.75 billion to $4.85 billion, implying 32-35% year-over-year growth. The prior outlook implid approximately 30% growth.

The company maintained full-year 2026 guidance for adjusted EBITDA of approximately $1.6 billion, adjusted net income of approximately $825 million and adjusted EPS of approximately 60 cents. Management also continues to expect total members to increase by at least 30% year over year in fiscal 2026.

How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a downward trend in estimates review.

VGM ScoresCurrently, SoFi Technologies has a poor Growth Score of F, however its Momentum Score is doing a lot better with a C. However, the stock was allocated a grade of F on the value side, putting it in the bottom 20% quintile for value investors.

Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions looks promising. Notably, SoFi Technologies has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry PlayerSoFi Technologies belongs to the Zacks Financial - Miscellaneous Services industry. Another stock from the same industry, Rithm (RITM - Free Report) , has gained 1.4% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026.

Rithm reported revenues of $1.28 billion in the last reported quarter, representing a year-over-year change of +5.4%. EPS of $0.60 for the same period compares with $0.54 a year ago.

Rithm is expected to post earnings of $0.51 per share for the current quarter, representing a year-over-year change of -5.6%. Over the last 30 days, the Zacks Consensus Estimate has changed -6.8%.

Rithm has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of D.

Bank of New York Mellon Corp acquired a new stake in Equifax, Inc. (NYSE:EFX – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 582,933 shares of the credit services provider’s stock, valued at approximately $92,523,000. Bank of New York Mellon Corp owned 0.50% of Equifax at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of EFX. Cullen Frost Bankers Inc. bought a new stake in shares of Equifax in the 4th quarter valued at about $25,000. Ameriflex Group Inc. grew its holdings in Equifax by 612.5% during the 4th quarter. Ameriflex Group Inc. now owns 114 shares of the credit services provider’s stock worth $25,000 after acquiring an additional 98 shares during the period. Reflection Asset Management bought a new stake in Equifax in the fourth quarter worth approximately $26,000. Kemnay Advisory Services Inc. bought a new stake in shares of Equifax in the 4th quarter valued at $26,000. Finally, Clearstead Trust LLC acquired a new position in shares of Equifax during the second quarter valued at about $28,000. 96.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades Several analysts have recently commented on the company. Bank of America reduced their target price on Equifax from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Needham & Company LLC cut their price target on Equifax from $265.00 to $245.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. BNP Paribas Exane reduced their price objective on Equifax from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday, June 18th. Robert W. Baird decreased their price objective on Equifax from $245.00 to $232.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $182.00 target price on shares of Equifax in a research report on Tuesday, July 21st. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Equifax currently has an average rating of “Moderate Buy” and an average price target of $216.89.

View Our Latest Report on Equifax Equifax Trading Up 1.0% NYSE EFX opened at $194.54 on Tuesday. The firm has a market capitalization of $22.86 billion, a P/E ratio of 34.19, a PEG ratio of 1.55 and a beta of 1.30. The business has a fifty day simple moving average of $172.75 and a 200 day simple moving average of $178.11. Equifax, Inc. has a 12 month low of $150.74 and a 12 month high of $271.84. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.92.

Equifax (NYSE:EFX – Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The credit services provider reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.05. Equifax had a net margin of 10.73% and a return on equity of 21.61%. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the previous year, the firm earned $2.00 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. Equifax has set its Q3 2026 guidance at 2.150-2.250 EPS and its FY 2026 guidance at 8.390-8.690 EPS. On average, analysts predict that Equifax, Inc. will post 8.57 EPS for the current fiscal year.

Equifax Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a dividend of $0.56 per share. The ex-dividend date is Monday, August 31st. This represents a $2.24 annualized dividend and a yield of 1.2%. Equifax’s payout ratio is 39.37%.

Insider Transactions at Equifax In other Equifax news, CEO Mark W. Begor sold 37,791 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $172.16, for a total value of $6,506,098.56. Following the completion of the sale, the chief executive officer directly owned 271,890 shares of the company’s stock, valued at approximately $46,808,582.40. This represents a 12.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.70% of the company’s stock.

Equifax Company Profile (Free Report)

Equifax Inc (NYSE: EFX) is a global data, analytics and technology company that specializes in consumer and commercial credit reporting, decisioning tools and identity solutions. Headquartered in Atlanta, Georgia, Equifax is one of the three major consumer credit reporting agencies in the United States and provides credit information and related services to lenders, employers, governments and consumers worldwide.

The company’s offerings include consumer credit reports and scores, credit monitoring and identity protection services, and a range of business-oriented products for risk management, fraud detection and compliance.

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Coforge Expands Strategic Partnership with Pega to Accelerate Enterprise AI Transformation Coforge Limited (NSE: COFORGE), a global AI-native engineering services leader, today announced the expansion of its strategic partnership with Pegasystems Inc. (NASDAQ: PEGA), the enterprise AI software company for mission-critical work. The partnership allows Coforge to build, package, brand, and commercially deliver Pega-powered offerings, strengthening the ability to deliver AI-led enterprise transformation programs globally.

Pega brings leadership in AI-driven decisioning, workflow automation and customer engagement. Coforge brings deep industry expertise, consulting capabilities and global delivery at scale. The agreement gives Coforge expanded commercial rights to package and deliver Pega’s technology as part of integrated transformation programs. Clients will be able to access Pega’s platform alongside Coforge’s consulting, implementation, engineering and managed services through a streamlined commercial and delivery model.

The agreement is expected to reduce execution complexity, accelerate deployments, and speed time to value for enterprise clients. It also strengthens the companies' joint go-to-market efforts across strategic industries and global markets through integrated delivery of Pega-powered solutions, streamlined procurement and engagement models, and repeatable industry-focused offerings that combine Coforge's domain expertise with Pega's capabilities.

John Speight, President & EU Geo Business Leader, Coforge, said, “Enterprises are increasingly looking for integrated AI and workflow transformation programs that deliver measurable business outcomes. This expanded partnership with Pega strengthens our ability to address that demand much faster. The agreement enables us to bring together Pega’s market-leading platform with Coforge’s consulting, engineering and managed-services capabilities in a more integrated way.”

He added, “This agreement marks a pivotal shift in how Coforge goes to market; moving from reselling software to delivering full-stack, Pega-powered industry solutions under its own brand. Coforge can now build repeatable, IP-backed offerings for its core verticals, enabling a more agile, specialized go-to-market motion that drives net-new opportunities in application modernization and intelligent automation."

Leon Trefler, Chief of Clients and Markets, Pega, said, "By combining Pega’s capabilities with Coforge's expertise in insurance, travel, transportation, and financial services, clients can move from strategy to execution faster than ever. Coforge's use of Pega Blueprint™ to automate legacy business logic discovery and modernization dramatically accelerates projects, turning months-long discovery phases into rapid, blueprint-driven transformations."

He added, "Clients benefit from the best of both worlds: Coforge's deep industry expertise and Pega's proven AI platform, delivered through integrated solutions tailored to their sector. Together, they help organizations accelerate transformation, reduce technical debt, and build adaptable enterprise workflows powered by Pega's scalable architecture and Coforge's delivery expertise."

About Coforge

Coforge is an AI-native engineering services leader, where AI is the very foundation of how we design, build, and deliver intelligent solutions for our clients. We use AI and hyperspecialized industry expertise to engineer autonomous enterprises. We combine AI agents with our AI-enabled workforce, including specialized FDEs in hybrid pod-based delivery units. With a deep focus on trusted AI, our solutions are secure, governed, and enterprise-grade. We are outcome-led by design. Moving beyond AI experimentation, we deliver measurable business outcomes – lower operating costs, faster cycle times, higher conversion rates, and sustained margin growth. Learn more at www.coforge.com

For more information, visit www.coforge.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20260828385217/en/

Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.

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Bank of New York Mellon Corp bought a new position in Home BancShares, Inc. (NYSE:HOMB – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,543,548 shares of the financial services provider’s stock, valued at approximately $44,068,000. Bank of New York Mellon Corp owned approximately 0.77% of Home BancShares as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Police & Firemen s Retirement System of New Jersey increased its holdings in shares of Home BancShares by 0.8% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 52,582 shares of the financial services provider’s stock worth $1,461,000 after purchasing an additional 410 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Home BancShares by 4.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 10,360 shares of the financial services provider’s stock worth $293,000 after buying an additional 425 shares in the last quarter. Villanova Investment Management Co LLC raised its position in Home BancShares by 0.4% in the 4th quarter. Villanova Investment Management Co LLC now owns 114,093 shares of the financial services provider’s stock worth $3,170,000 after buying an additional 468 shares during the last quarter. Root Financial Partners LLC raised its position in Home BancShares by 76.9% in the 1st quarter. Root Financial Partners LLC now owns 1,090 shares of the financial services provider’s stock worth $29,000 after buying an additional 474 shares during the last quarter. Finally, DRW Securities LLC lifted its stake in Home BancShares by 2.8% during the 4th quarter. DRW Securities LLC now owns 19,495 shares of the financial services provider’s stock valued at $542,000 after acquiring an additional 524 shares during the period. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Insider Transactions at Home BancShares In other Home BancShares news, CEO John Stephen Tipton sold 12,000 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $31.59, for a total value of $379,080.00. Following the completion of the sale, the chief executive officer owned 76,308 shares in the company, valued at $2,410,569.72. This represents a 13.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 6.39% of the company’s stock.

Home BancShares Stock Down 0.4% Shares of HOMB stock opened at $29.70 on Friday. Home BancShares, Inc. has a 12 month low of $25.50 and a 12 month high of $31.70. The stock has a market cap of $5.94 billion, a P/E ratio of 12.27 and a beta of 0.69. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.16. The company has a 50 day simple moving average of $29.97 and a two-hundred day simple moving average of $28.23. Home BancShares (NYSE:HOMB – Get Free Report) last issued its quarterly earnings results on Wednesday, July 15th. The financial services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. Home BancShares had a net margin of 32.10% and a return on equity of 11.12%. The business had revenue of $295.10 million for the quarter, compared to analysts’ expectations of $288.70 million. During the same quarter last year, the company posted $0.58 EPS. The company’s revenue was up 8.9% compared to the same quarter last year. On average, research analysts expect that Home BancShares, Inc. will post 2.51 earnings per share for the current year.

Home BancShares Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 12th will be issued a dividend of $0.23 per share. This is a boost from Home BancShares’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, August 12th. Home BancShares’s dividend payout ratio is presently 38.02%.

Wall Street Analysts Forecast Growth A number of analysts have recently commented on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $31.00 price target (up from $30.00) on shares of Home BancShares in a research note on Wednesday, August 19th. Benchmark started coverage on shares of Home BancShares in a research report on Wednesday, June 24th. They set a “hold” rating on the stock. Weiss Ratings upgraded shares of Home BancShares from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 5th. Keefe, Bruyette & Woods lifted their target price on shares of Home BancShares from $30.00 to $32.00 and gave the stock a “market perform” rating in a research report on Friday, July 17th. Finally, Citigroup reiterated a “neutral” rating and set a $32.00 target price (up from $29.00) on shares of Home BancShares in a research note on Tuesday, July 21st. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $32.83.

Read Our Latest Research Report on Home BancShares

Home BancShares Profile (Free Report)

Home BancShares, Inc is a bank holding company based in Conway, Arkansas, operating through its primary subsidiary, Home Bank, National Association. Founded in March 1999, the company provides a comprehensive suite of banking services to individuals, small and middle-market businesses, and public entities. These services encompass deposit accounts, consumer and commercial lending, mortgage origination and servicing, treasury management, and wealth management solutions.

The company’s core products include checking and savings accounts, certificates of deposit, and money market accounts, as well as a variety of loan offerings such as commercial real estate financing, equipment loans, agricultural lending, and residential mortgages.

Further Reading Five stocks we like better than Home BancShares Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape SEC Probe Puts Wall Street Leverage Risk Back in Focus A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?

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Key Takeaways Arch Capital's Insurance underwriting income plunged 79.1% to $27 million in Q2 2026.The Insurance combined ratio worsened 510 bps to 98.5%, while catastrophe losses weighed on results.NPW fell 5.1% to $1.93 billion as Arch reduced certain excess and surplus property exposure. Arch Capital Group Ltd. (ACGL - Free Report) is facing pressure in its Insurance segment as softer property pricing, higher catastrophe losses and increased competition weigh on premium growth and underwriting performance.

The Insurance segment's underwriting income declined sharply by 79.1% to $27 million in the second quarter of 2026, while its combined ratio worsened 510 basis points to 98.5%, pressuring underwriting margins. Catastrophe losses were a key reason behind the deterioration, while net premiums written fell 5.1% to $1.93 billion, as the company reduced its exposure to certain excess and surplus property business.

The property market is becoming increasingly competitive, with softer pricing creating challenges for premium growth and underwriting margins. Lower rates can make it harder for insurers to maintain attractive returns, particularly when claims costs remain elevated. Further rate declines could limit premium growth and reduce the returns available from the property business.

However, Arch Capital continues to see resilience in several casualty and specialty lines. Disciplined underwriting in these businesses is helping offset some pressure from the property market.

Still, property pricing remains the key area to watch. Continued competition and Catastrophe losses could weigh on the Insurance segment's premium growth and profitability. Maintaining disciplined underwriting will be important as Arch Capital faces a softer property market.

What About Its Peers?W. R. Berkley Corporation's (WRB - Free Report) insurance segment is its core earnings engine, generating the majority of its premiums and underwriting income. The segment continued to perform well in the first half of 2026, with net premiums written rising 3.4% year over year. It provides a broad range of property and casualty insurance products to commercial customers and remains the main contributor to WRB’s earnings.

Cincinnati Financial Corporation's (CINF - Free Report) Commercial Lines Insurance segment is a key driver of premium growth and profitability. In the second quarter, total revenues rose 3% year over year to $1.25 billion, driven by a 3% increase in earned premiums. However, the segment posted a $49 million underwriting loss, while the combined ratio worsened 1,120 basis points to 104.1%, reflecting higher catastrophe losses.

ACGL’s Price PerformanceShares of ACGL have gained 11.3% in the past year compared with the industry’s growth of 3.7%.

Image Source: Zacks Investment Research

ACGL’s OvervaluationThe stock is overvalued compared with its industry. Its trailing 12-month price-to-book value of 1.49X is higher than the industry average of 1.43X. It carries a Value Score of B.

Image Source: Zacks Investment Research

Estimate Movement for ACGLThe Zacks Consensus Estimate for Arch Capital’s 2026 earnings per share (EPS) indicates a year-over-year decrease of 4%. The consensus estimate for revenues is pegged at $17.76 billion, implying a year-over-year decrease of 5.5%.

The consensus estimate for 2027 EPS and revenues indicates an increase of 4% and 0.6%, respectively, from the corresponding 2026 estimates.

The Zacks Consensus Estimate for 2026 earnings moved 1.2% north, while 2027 earnings have moved 0.5% south over the last 30 days.

Image Source: Zacks Investment Research

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

Canada Pension Plan Investment Board increased its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL – Free Report) by 38.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,640 shares of the construction company’s stock after acquiring an additional 2,680 shares during the period. Canada Pension Plan Investment Board’s holdings in Sterling Infrastructure were worth $8,091,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Devon Energy Corp DE bought a new position in shares of Sterling Infrastructure during the second quarter valued at approximately $548,390,288,000. BlackRock Inc. bought a new stake in shares of Sterling Infrastructure in the 2nd quarter worth approximately $2,713,946,000. State Street Corp boosted its position in shares of Sterling Infrastructure by 62.0% in the 2nd quarter. State Street Corp now owns 1,131,751 shares of the construction company’s stock worth $261,129,000 after purchasing an additional 433,311 shares in the last quarter. Invesco Ltd. boosted its position in shares of Sterling Infrastructure by 29.8% in the 3rd quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock worth $324,526,000 after purchasing an additional 219,477 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Sterling Infrastructure by 27.3% in the 1st quarter. First Trust Advisors LP now owns 877,990 shares of the construction company’s stock worth $357,579,000 after buying an additional 188,048 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Trading Down 7.1% NASDAQ:STRL opened at $470.52 on Friday. The company’s 50 day moving average price is $638.53 and its 200-day moving average price is $601.26. Sterling Infrastructure, Inc. has a 52 week low of $266.13 and a 52 week high of $1,005.68. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.19. The stock has a market cap of $14.39 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 1.64 and a beta of 1.88.

Sterling Infrastructure (NASDAQ:STRL – Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $5.01 by $0.79. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $969.22 million. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The business’s revenue for the quarter was up 90.4% compared to the same quarter last year. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. On average, equities research analysts forecast that Sterling Infrastructure, Inc. will post 19.14 earnings per share for the current fiscal year. Insider Buying and Selling In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 2,500 shares of Sterling Infrastructure stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $888.00, for a total value of $2,220,000.00. Following the completion of the sale, the general counsel owned 28,137 shares of the company’s stock, valued at approximately $24,985,656. This trade represents a 8.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets STRL has been the subject of a number of analyst reports. Zacks Research lowered Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Wall Street Zen raised Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a report on Monday, August 24th. DA Davidson began coverage on Sterling Infrastructure in a research note on Friday, August 21st. They issued a “buy” rating and a $700.00 target price on the stock. Oppenheimer began coverage on Sterling Infrastructure in a report on Thursday, May 28th. They set an “outperform” rating and a $950.00 price target for the company. Finally, Weiss Ratings lowered Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Sterling Infrastructure currently has an average rating of “Moderate Buy” and a consensus target price of $690.33.

View Our Latest Stock Report on STRL

Sterling Infrastructure Company Profile (Free Report)

Sterling Infrastructure, Inc (NASDAQ: STRL) is a diversified manufacturer and distributor of essential infrastructure products serving municipal, utility and industrial customers across North America. Through its network of wholly owned subsidiaries, the company designs, engineers and produces a wide range of cast and fabricated solutions tailored to the needs of the waterworks, natural gas, telecommunications, electric, traffic safety and parks & recreation markets.

The company’s product portfolio encompasses ductile iron and composite fittings, valve boxes, manhole frames and covers, water and gas meter sets, street light poles and mounting accessories, traffic sign posts with breakaway systems, bollards and related system components.

Read More Five stocks we like better than Sterling Infrastructure From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash Venture Into High-Volatility Corners of the Market With These 3 ETFs 3 Retail Stocks to Watch After a Big Consumer Earnings Week

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Deutsche Bank AG bought a new stake in shares of Kontoor Brands, Inc. (NYSE:KTB – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 78,672 shares of the company’s stock, valued at approximately $6,557,000. Deutsche Bank AG owned about 0.14% of Kontoor Brands at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new position in Kontoor Brands during the 4th quarter valued at approximately $36,185,000. Boston Partners acquired a new stake in Kontoor Brands in the third quarter worth $44,733,000. Bank of New York Mellon Corp acquired a new stake in Kontoor Brands in the second quarter worth $45,003,000. JPMorgan Chase & Co. lifted its stake in Kontoor Brands by 15.8% in the fourth quarter. JPMorgan Chase & Co. now owns 3,019,204 shares of the company’s stock valued at $184,443,000 after buying an additional 413,005 shares during the last quarter. Finally, Amundi bought a new stake in Kontoor Brands in the third quarter valued at $24,653,000. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Kontoor Brands Stock Up 1.1% KTB stock opened at $82.93 on Tuesday. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.83 and a quick ratio of 0.99. The firm has a market capitalization of $4.53 billion, a P/E ratio of 17.31 and a beta of 0.88. Kontoor Brands, Inc. has a 52-week low of $56.19 and a 52-week high of $88.96. The company’s 50 day simple moving average is $82.59 and its 200-day simple moving average is $74.69.

Kontoor Brands (NYSE:KTB – Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.01. The firm had revenue of $584.29 million for the quarter, compared to analysts’ expectations of $586.95 million. Kontoor Brands had a net margin of 8.21% and a return on equity of 59.71%. The company’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.33 EPS. Kontoor Brands has set its FY 2026 guidance at 5.250-5.350 EPS. As a group, equities research analysts anticipate that Kontoor Brands, Inc. will post 5.27 EPS for the current year. Kontoor Brands Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, September 8th will be issued a $0.53 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.6%. Kontoor Brands’s dividend payout ratio is currently 44.26%.

Insider Transactions at Kontoor Brands In related news, EVP Jennifer H. Broyles sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $81.02, for a total transaction of $324,080.00. Following the transaction, the executive vice president directly owned 40,261 shares of the company’s stock, valued at approximately $3,261,946.22. The trade was a 9.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Thomas L. Doerr, Jr. sold 7,660 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $83.43, for a total transaction of $639,073.80. Following the completion of the sale, the executive vice president owned 25,063 shares of the company’s stock, valued at approximately $2,091,006.09. The trade was a 23.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 196,063 shares of company stock valued at $16,342,364 over the last three months. 1.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets Several equities analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Kontoor Brands from $96.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. JPMorgan Chase & Co. upped their target price on shares of Kontoor Brands from $90.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Wall Street Zen downgraded Kontoor Brands from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 9th. UBS Group raised their target price on Kontoor Brands from $131.00 to $136.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Finally, Wells Fargo & Company increased their price target on Kontoor Brands from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.00.

View Our Latest Analysis on KTB

Kontoor Brands Profile (Free Report)

Kontoor Brands, Inc is a global apparel company best known for its Wrangler and Lee denim and lifestyle brands. Established as an independent, publicly traded company in May 2019 following a spin-off from VF Corporation, Kontoor leverages a legacy that dates back to 1889 with the founding of Lee and to 1947 with the introduction of the Wrangler brand. The company focuses on designing, manufacturing and distributing premium, casual and workwear apparel, including jeans, pants, shorts, shirts, jackets and complementary accessories.

Kontoor Brands operates a diversified sales model that combines wholesale partnerships with leading retailers, distribution through e-commerce channels and select direct-to-consumer formats.

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Bank of New York Mellon Corp purchased a new stake in Korn/Ferry International (NYSE:KFY – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 658,032 shares of the business services provider’s stock, valued at approximately $43,812,000. Bank of New York Mellon Corp owned 1.29% of Korn/Ferry International at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Royal Bank of Canada increased its position in shares of Korn/Ferry International by 22.7% during the first quarter. Royal Bank of Canada now owns 11,413 shares of the business services provider’s stock worth $775,000 after acquiring an additional 2,112 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Korn/Ferry International by 3.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,567 shares of the business services provider’s stock valued at $2,073,000 after purchasing an additional 1,009 shares during the last quarter. Millennium Management LLC increased its holdings in Korn/Ferry International by 566.9% during the 1st quarter. Millennium Management LLC now owns 124,786 shares of the business services provider’s stock worth $8,464,000 after purchasing an additional 106,076 shares in the last quarter. United Services Automobile Association bought a new stake in Korn/Ferry International during the 1st quarter worth approximately $231,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Korn/Ferry International by 6.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 172,556 shares of the business services provider’s stock worth $11,704,000 after purchasing an additional 11,020 shares during the last quarter. Institutional investors own 98.82% of the company’s stock.

Wall Street Analyst Weigh In Several research analysts recently issued reports on the company. UBS Group lifted their target price on Korn/Ferry International from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday, June 24th. Weiss Ratings upgraded Korn/Ferry International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. Robert W. Baird lifted their price objective on shares of Korn/Ferry International from $84.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, June 24th. Wall Street Zen lowered shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, Truist Financial increased their target price on shares of Korn/Ferry International from $75.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $78.50.

Check Out Our Latest Research Report on KFY Korn/Ferry International Price Performance Shares of NYSE:KFY opened at $84.72 on Friday. The company’s 50-day moving average is $78.15 and its 200 day moving average is $69.84. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.94 and a current ratio of 1.94. The company has a market capitalization of $4.35 billion, a P/E ratio of 16.17 and a beta of 1.19. Korn/Ferry International has a fifty-two week low of $58.95 and a fifty-two week high of $86.22.

Korn/Ferry International (NYSE:KFY – Get Free Report) last posted its quarterly earnings data on Tuesday, June 23rd. The business services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. Korn/Ferry International had a net margin of 9.44% and a return on equity of 14.34%. The business had revenue of $768.26 million during the quarter, compared to the consensus estimate of $743.35 million. During the same quarter last year, the company posted $1.32 earnings per share. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. Korn/Ferry International has set its Q1 2027 guidance at 1.320-1.380 EPS. On average, equities research analysts forecast that Korn/Ferry International will post 5.75 earnings per share for the current year.

Korn/Ferry International Announces Dividend The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Monday, July 6th were paid a dividend of $0.55 per share. The ex-dividend date was Monday, July 6th. This represents a $2.20 annualized dividend and a dividend yield of 2.6%. Korn/Ferry International’s dividend payout ratio is presently 41.98%.

(Free Report)

Korn Ferry International is a global organizational consulting firm that partners with clients to design optimal structures, roles and responsibilities. The company’s core offerings include executive search, talent acquisition, leadership development and succession planning. By blending deep industry expertise with data-driven insights, Korn Ferry helps organizations identify, assess and develop executives and high-potential talent for critical roles.

Since its founding in 1969 and with headquarters in Los Angeles, Korn Ferry has expanded its presence to more than 50 offices across North America, Europe, Asia Pacific and Latin America.

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Key Takeaways Comstock's production rebounded 16% sequentially in Q2, while unit production costs fell to 77 cents per Mcfe.CRK expects $1.45-$1.55B in 2026 capital spending after first-half capex exceeded operating cash flow.Comstock's 2026 earnings estimate fell 19.5% in four weeks, while its forward P/E remains elevated. Comstock Resources, Inc. (CRK - Free Report) offers a clear valuation-versus-risk tradeoff. Its deep Haynesville and Bossier inventory and recovering production support long-term optionality, but heavy spending, leverage and weaker earnings estimates limit the near-term case.

The stock’s discount on one valuation measure is not enough to resolve that tension. Investors still have to weigh improving operations against a capital program that remains larger than internally generated cash flow.

CRK's Valuation Is Mixed Rather Than CheapCRK trades at about 2.0X forward 12-month sales, below the Zacks sub-industry’s 3.7X but above its five-year median of 1.7X. Its forward price-to-earnings multiple of about 35.3X is also well above the industry comparison of 9.9X, weakening the argument that the shares are broadly inexpensive.

Natural-gas investors can also compare CRK with CNX Resources Corporation (CNX - Free Report) , an Appalachian natural gas development, production and midstream company. EQT Corporation (EQT - Free Report) is another relevant reference point as a vertically integrated natural gas producer with production and midstream operations focused in the Appalachian Basin.

Comstock's Capital Load Keeps Leverage HighComstock ended the second quarter of 2026 with about $3.13 billion of total debt and $45 million of cash, while last-12-month net leverage was 3 times. First-half cash capital expenditures of $829.5 million exceeded $442.2 million of operating cash flow.

The Pinnacle transaction reduced fixed charges and left the midstream unit debt-free, but the upstream funding burden remains substantial. Comstock still expects 2026 total capital spending of $1.45-$1.55 billion, keeping financial flexibility closely tied to natural gas prices and operating cash generation.

CRK's Production Recovery Offers Some SupportSecond-quarter production rebounded 16% sequentially and 1% year over year to 113.1 Bcfe. Unit production costs improved to 77 cents per Mcfe from 93 cents in the first quarter, helped by higher production and lower lifting, general and administrative, tax and gathering costs per unit.

Management guides third-quarter production to 1.3-1.4 Bcfe per day. The company also plans to turn 48 legacy and 21 Western Haynesville wells to sales in 2026, so continued execution across its drilling program is important to sustaining the recovery.

Comstock's Estimate Revisions Argue for PatienceThe Zacks Consensus Estimate for 2026 earnings is 40 cents per share, down 19.5% over the past four weeks. The 2027 consensus estimate stands at 50 cents per share, leaving the earnings outlook dependent on better commodity pricing and continued operating progress.

Second-quarter revenues missed the consensus mark by 14.9%, even though adjusted earnings of 3 cents per share topped expectations. Comstock also pays no dividend, so shareholder returns remain more dependent on commodity prices, production growth and execution.

Image Source: Zacks Investment Research

CRK's Sell Signal Keeps the Value Case in CheckThe bottom line is that CRK has asset depth and improving production, but its spending requirements, leverage and weaker estimate trend argue for patience. The current valuation discount on sales does not fully offset those risks, especially with earnings-based valuation still elevated.

CRK currently has a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It also has a Value Score of B, Growth Score of D, Momentum Score of F and VGM Score of D. The Value Score reflects some valuation appeal, but the weaker Growth and Momentum Scores and the Sell rank indicate that the stock does not currently combine favorable style characteristics with supportive estimate revisions.

A month has gone by since the last earnings report for Integra LifeSciences (IART - Free Report) . Shares have lost about 1.6% in that time frame, underperforming the S&P 500.

But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Integra due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.

Integra's Q2 Earnings Top Estimates Integra LifeSciences Holdings Corporation reported second-quarter 2026 adjusted earnings per share of 56 cents, up 24.4% year over year. The figure beat the Zacks Consensus Estimate by 16.7%.

GAAP earnings per share were 6 cents in the quarter compared with the year-ago period’s loss of $6.31 per share.

Revenues of $418.76 million increased 0.8% and missed the consensus mark by 0.2%.

IART’s Specialty Surgery Posts Growth

Specialty Surgery revenues totaled $309.3 million, up 1.7% on a reported basis and 1.6% organically. Neurosurgery sales increased 1.9% organically, driven by Certas Plus, Bactiseal and CUSA as supply reliability and fulfillment improved. Instruments advanced 3.2% organically. ENT sales declined 1.9% organically as growth in MicroFrance ENT instruments was offset by weakness in other products. Management said reimbursement pressure on sinus balloons continued, while overall procedure demand remained generally consistent with its expectations.

Integra’s Tissue Reconstruction Faces Pressure

Tissue Reconstruction revenues were $109.5 million, down 1.9% on a reported basis and 2.0% organically. Wound Reconstruction declined in the mid-single digits, with growth in DuraSorb and the PriMatrix relaunch offset by lower MicroMatrix and Integra Skin sales. Integra Skin improved sequentially but faced a difficult year-ago comparison that included backorder clearance. Management said wound reconstruction was roughly flat for the first half of 2026 and remained within the range contemplated in the full-year outlook.

IART’s Margin Performance

In the reported quarter, adjusted gross profit totaled $256.9 million, up 1.8% year over year. The adjusted gross margin expanded 60 basis points (bps) to 61.3%. Selling, general and administrative expenses decreased 4.1% to $172.4 million, while research and development expenses fell 10.2% to $24.3 million.

Adjusted EBITDA was $78.4 million, up 10.1% year over year. The adjusted EBITDA margin expanded 160 bps to 18.7%, reflecting manufacturing efficiencies, lower remediation spending and benefits from the company’s margin-improvement initiatives.

IART’s Financial Position

Integra exited the second quarter of 2026 with approximately $214.4 million in cash and cash equivalents compared with $236.8 million at the end of the first quarter.

Cumulative net cash provided by operating activities at the end of the second quarter was $32.6 million, compared with the cash outflow of $2.3 million a year ago.

Integra Provided 2026 & Q3 Guidance

For full-year 2026, the company expects reported revenues to be in the range of $1.654-$1.695 billion, reflecting reported growth of 1.1% to 3.7%. The company reaffirmed its organic revenue growth guidance of 0.8% to 3.3%. Meanwhile, adjusted earnings per share are expected to be between $2.40 and $2.50.

For the third quarter of 2026, Integra expects reported revenues in the range of $410-$425 million, representing reported growth of 2.0% to 5.7% and organic growth of 1.9% to 5.7%. Adjusted earnings are expected to be in the range of 53-61 cents per share.

How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a downward trend in estimates review.

VGM ScoresCurrently, Integra has a average Growth Score of C, though it is lagging a bit on the Momentum Score front with a D. However, the stock was allocated a grade of B on the value side, putting it in the second quintile for value investors.

Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of this revision indicates a downward shift. Notably, Integra has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry PlayerIntegra is part of the Zacks Medical - Instruments industry. Over the past month, Intuitive Surgical, Inc. (ISRG - Free Report) , a stock from the same industry, has gained 4%. The company reported its results for the quarter ended June 2026 more than a month ago.

Intuitive Surgical reported revenues of $2.89 billion in the last reported quarter, representing a year-over-year change of +18.5%. EPS of $2.80 for the same period compares with $2.19 a year ago.

Intuitive Surgical is expected to post earnings of $2.61 per share for the current quarter, representing a year-over-year change of +8.8%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.

Intuitive Surgical has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of C.

For Immediate ReleaseChicago, IL – August 26, 2026 – Today, Zacks Equity Essex Property Trust, Inc. (ESS - Free Report) , Equity LifeStyle Properties, Inc. (ELS - Free Report) and American Homes 4 Rent (AMH - Free Report) .

Industry: Residential REITs

Link: https://www.zacks.com/commentary/2979210/3-residential-reits-worth-considering-as-the-industry-recovers

The Zacks REIT and Equity Trust - Residential industry is entering a more favorable phase as slowing apartment development eases supply pressure. Strong occupancy and resident retention support dependable rental income, while fewer future deliveries should improve pricing power and market balance. These trends favor steadier revenues and growth for Essex Property Trust, Inc., Equity LifeStyle Properties, Inc. and American Homes 4 Rent.

Still, weak new-lease pricing and excess supply in Sunbelt markets could keep near-term earnings and NOI growth uneven. Landlords may continue prioritizing occupancy over aggressive rent increases, delaying a broader recovery despite improving fundamentals across the residential sector.

About the IndustryThe Zacks REIT and Equity Trust - Residential category includes companies that own, develop and manage various residential properties, such as apartment buildings, student housing, manufactured homes and single-family homes. These REITs generate revenues by renting spaces to tenants. While most residential REITs lease properties like apartments and single-family homes to a broad range of tenants, student housing is exclusively leased to students. 

As a result, student housing properties are typically located near colleges and universities to serve their target demographic. The demand for student housing is closely tied to enrollment growth at educational institutions, making it a key driver for this market segment. Some residential REITs may focus on specific regions or types of housing to better address local market dynamics or serve particular tenant demographics.

What's Shaping the REIT & Equity Trust - Residential Industry's Future?Falling New Supply Is Improving the Industry’s Setup: Residential REITs are expected to benefit from a more balanced supply environment as apartment development slows. In recent years, landlords faced strong competition from newly completed properties, which limited rent growth and increased the need for concessions. 

With financing and construction conditions making new projects more difficult to justify, future apartment supply is likely to grow at a slower pace. This is expected to gradually reduce competitive pressure on existing properties. While markets that experienced heavy development in recent times, such as the SunBelt markets, may need more time to absorb recently completed units, a smaller future pipeline could improve their long-term position. 

With renter demand remaining stable while supply growth moderates, landlords are likely to gain greater flexibility to maintain occupancy, reduce incentives and improve pricing power. For residential REITs, this creates a more favorable operating setup and could support stronger property-level performance as supply and demand move toward a healthier balance. Student housing pre-leasing remains healthy for Fall 2026, supported by steady demand.

Resident Retention Supports Stable Revenues: Strong occupancy and resident retention are providing residential REITs with an important source of stability. Keeping existing tenants is helping landlords maintain dependable rental income while reducing the costs associated with vacancies, apartment turnover, marketing and leasing incentives. 

This is especially valuable with pricing on new leases remaining relatively weak because renewals can help offset some of that pressure. High retention is also allowing operators to prioritize occupancy rather than pushing rents aggressively in uncertain markets. 

At the same time, management is focused on improving portfolio quality and financial flexibility through selective property sales, acquisitions, debt reduction and share repurchases. The combination of AvalonBay Communities and Equity Residential into Vivmark Residential (VMRK) highlights the industry's push toward greater scale, cost efficiencies, and stronger competitive positioning. 

New Lease Pricing and NOI Recovery Remain Uneven: Although apartment fundamentals are improving, the recovery in residential REIT earnings may take longer to develop. Higher occupancy is not immediately resulting in stronger revenues or property-level income, particularly when landlords are still facing weak pricing on new leases. Many landlords are preferring to protect occupancy rather than raise rents aggressively, which supports stability but is limiting near-term earnings growth. 

The continued difference between healthy renewal pricing and weaker new leases suggests tenants retain bargaining power where available units remain plentiful. As a result, the recovery is likely to unfold gradually rather than accelerate quickly. Coastal portfolios could remain better positioned because limited construction supports pricing, while Sunbelt and growth-oriented markets may require additional time to absorb excess supply. This creates an uneven operating environment across the sector.

Zacks Industry Rank Indicates Bright ProspectsThe REIT and Equity Trust - Residential industry is housed within the broader Finance sector. It carries a Zacks Industry Rank #96, which places it in the top 39% of around 250 Zacks industries.

The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates robust near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.

The industry’s positioning in the top 50% of the Zacks-ranked industries is a result of the upward funds from operations (FFO) per share outlook for the constituent companies in aggregate. Looking at the aggregate FFO per share estimate revisions, it appears that analysts are gaining confidence in this group’s growth potential.  

Before we present a few stocks that you may want to consider for your portfolio, let us take a look at the industry’s recent stock market performance and valuation picture first.

Industry Underperforms Sector and S&P 500The Zacks REIT and Equity Trust - Residential industry has underperformed the broader Zacks Finance sector and the S&P 500 composite over the past year.

The industry has declined 5.1% during this period against the S&P 500’s rise of 21.3%. The broader Finance sector has risen 12.1%.

Industry's Current ValuationOn the basis of the forward 12-month price-to-FFO ratio, which is a commonly used multiple for valuing residential REITs, we see that the industry is currently trading at 15.50 compared with the S&P 500’s forward 12-month price-to-earnings (P/E) of 20.37. The industry is also trading below the Finance sector’s forward 12-month P/E of 16.83. 

Over the last five years, the industry has traded as high as 26.17 and as low as 13.02, with a median of 16.60.

3 Residential REITs to ConsiderAmerican Homes 4 Rent: This is a leading U.S. single-family rental REIT with an integrated model spanning development, leasing and property management. Its portfolio is concentrated in high-growth markets and totaled 60,482 homes as of June 30, 2026. AMH also has an in-house development platform, giving it greater control over product quality, community design and portfolio expansion.

AMH’s scale, occupancy and development capabilities support an attractive growth profile. Same-home occupancy was 96% in second-quarter 2026, reflecting demand, while the company delivered 651 built, energy-efficient homes during the quarter. Its pipeline included 5,738 owned or optioned lots, providing capacity for future growth.

With an integrated operating platform, disciplined expansion and exposure to markets benefiting from household formation and limited affordable housing supply, AMH is well positioned to compound rental income and portfolio value.

The Zacks Consensus Estimate for 2026 FFO per share of $1.95 indicates a 4.28% increase year over year. The consensus mark for 2027 FFO per share has been revised upward over the past month to $2.03, implying a 3.95% year-over-year rise. The company’s shares have risen 6.4% over the past three months. American Homes 4 Rent currently carries a Zacks Rank of 2 (Buy).  You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Essex Property Trust, Inc.: This is a multifamily REIT focused exclusively on high-barrier West Coast markets, primarily Northern and Southern California and Seattle. Its portfolio spans eight markets, 258 apartment communities and more than 62,000 homes, with 85% of NOI generated from suburban assets. Essex combines scale, local market expertise and an integrated operating platform to own, develop and enhance well-located apartment communities.

ESS benefits from limited new housing supply, high homeownership costs and strong household incomes across its markets, supporting durable rental demand. The portfolio’s median household income is about $136,000, while buying a home costs 2.5 times renting.

Operationally, same-property occupancy remained strong at 96.3% in second-quarter 2026, with revenues and NOI up 2.7% and 2.6%, respectively. These fundamentals reinforce Essex’s long-term rent growth and cash flow potential.

Essex Property currently carries a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for its 2026 FFO per share suggests a year-over-year increase of 1.51%. The consensus mark for 2027 FFO per share calls for 3.11% year-over-year growth. The company’s shares have gained 4.4% over the past three months.

Equity LifeStyle Properties: This is a self-administered, self-managed REIT focused on manufactured home communities, RV resorts and marinas. As of June 30, 2026, ELS owned or held interests in 453 properties spanning 35 U.S. states and British Columbia, comprising 173,559 sites. Its diversified portfolio serves long-term residents and leisure customers, providing recurring rental and membership-based revenue streams.

ELS benefits from scale, attractive lifestyle-oriented real estate and resilient demand across housing and outdoor recreation. The company’s core portfolio delivered 6.5% growth in property operating income in second-quarter 2026, while manufactured-home base rental income increased 5.8%. Its balance sheet is supportive, with debt representing just 20.5% of total market capitalization and interest coverage of 5.6 times. These strengths position ELS to compound cash flows through rent growth, occupancy and disciplined portfolio investment.

The Zacks Consensus Estimate for 2026 FFO per share of $3.20 indicates a 4.58% increase year over year. The consensus mark for 2027 FFO per share of $3.37 implies a 5.47% year-over-year rise. The company’s shares have risen 3% over the past three months. Equity Lifestyle currently carries a Zacks Rank of 3.  

Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance  for information about the performance numbers displayed in this press release.

Algert Global LLC lifted its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN – Free Report) by 5.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 121,849 shares of the auto parts company’s stock after purchasing an additional 6,430 shares during the period. Algert Global LLC owned 0.15% of Allison Transmission worth $13,737,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Gamco Investors INC. ET AL lifted its stake in shares of Allison Transmission by 1.6% during the 1st quarter. Gamco Investors INC. ET AL now owns 6,473 shares of the auto parts company’s stock worth $758,000 after buying an additional 100 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Allison Transmission by 16.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 732 shares of the auto parts company’s stock worth $72,000 after purchasing an additional 105 shares in the last quarter. Villanova Investment Management Co LLC increased its holdings in Allison Transmission by 0.4% in the 4th quarter. Villanova Investment Management Co LLC now owns 26,089 shares of the auto parts company’s stock valued at $2,554,000 after buying an additional 106 shares during the period. Xponance LLC increased its stake in Allison Transmission by 2.0% in the fourth quarter. Xponance LLC now owns 5,535 shares of the auto parts company’s stock valued at $542,000 after acquiring an additional 107 shares during the last quarter. Finally, Evoke Wealth LLC increased its stake in shares of Allison Transmission by 5.5% in the 4th quarter. Evoke Wealth LLC now owns 2,541 shares of the auto parts company’s stock valued at $249,000 after purchasing an additional 133 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Insider Activity at Allison Transmission In other news, CEO David S. Graziosi sold 26,708 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $132.97, for a total value of $3,551,362.76. Following the sale, the chief executive officer owned 304,843 shares of the company’s stock, valued at $40,534,973.71. The trade was a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Eric C. Scroggins sold 1,050 shares of Allison Transmission stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total value of $131,250.00. Following the transaction, the insider directly owned 16,604 shares of the company’s stock, valued at $2,075,500. The trade was a 5.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades A number of equities analysts recently issued reports on ALSN shares. JPMorgan Chase & Co. upped their price objective on shares of Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Morgan Stanley lifted their price objective on Allison Transmission from $126.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, July 17th. Weiss Ratings upgraded shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Citigroup cut their price target on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Finally, Wells Fargo & Company increased their price objective on shares of Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $131.17. Check Out Our Latest Stock Analysis on ALSN

Allison Transmission Price Performance Allison Transmission stock opened at $131.74 on Wednesday. The company’s 50 day moving average price is $119.58 and its two-hundred day moving average price is $119.57. The company has a quick ratio of 1.17, a current ratio of 1.81 and a debt-to-equity ratio of 2.07. Allison Transmission Holdings, Inc. has a 52 week low of $76.01 and a 52 week high of $137.62. The stock has a market cap of $10.88 billion, a P/E ratio of 20.94, a P/E/G ratio of 0.70 and a beta of 0.95.

Allison Transmission (NYSE:ALSN – Get Free Report) last released its earnings results on Monday, August 3rd. The auto parts company reported $2.73 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.25. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.The business’s revenue for the quarter was up 92.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.29 EPS. On average, equities analysts predict that Allison Transmission Holdings, Inc. will post 9.94 earnings per share for the current year.

Allison Transmission Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 21st will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.16 annualized dividend and a yield of 0.9%. Allison Transmission’s dividend payout ratio (DPR) is 18.44%.

(Free Report)

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.

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 | Source: nCino, Inc.

Total Revenues of $161.0M, up 8% year-over-year Subscription Revenues of $143.5M, up 10% year-over-yearGAAP Operating Margin of 8%, up 1,500 basis points year-over-yearNon-GAAP Operating Margin of 25%, up 500 basis points year-over-yearnCino announces new $100 million stock repurchase authorization WILMINGTON, N.C., Aug. 25, 2026 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the platform for agentic AI banking, today announced financial results for the second quarter of fiscal year 2027, ended July 31, 2026, and that its Board of Directors has authorized a Stock Repurchase Program under which the Company may repurchase up to an additional $100 million of the Company's outstanding common stock.

"We delivered an exceptional second quarter of fiscal 2027, once again exceeding all financial guidance. We are seeing many of our largest customers consolidating more of their most critical operations on nCino and expanding their commitments to include our market leading AI capabilities. The confidence behind those commitments reflects a simple reality: deploying AI in financial services demands deep domain context and expertise, and nCino is uniquely positioned to deliver it at scale globally," said Sean Desmond, CEO at nCino.

"Following our execution of $300 million in stock repurchases since April 2025, nCino’s Board of Directors has authorized an additional $100 million stock repurchase program to provide continued flexibility to create stockholder value through repurchases of our common stock. This new authorization reflects continued confidence in our AI innovation and product strategy, market position, operational execution, and trajectory of free cash flow,” said Greg Orenstein, CFO at nCino.

Financial Highlights

Revenues: Total revenues for the second quarter of fiscal 2027 were $161.0 million, an 8% increase from $148.8 million in the second quarter of fiscal 2026. Subscription revenues for the second quarter of fiscal 2027 were $143.5 million, an increase of 10% from $130.8 million in the second quarter of fiscal 2026.Income (Loss) from Operations: GAAP income (loss) from operations in the second quarter of fiscal 2027 was $13.6 million compared to $(9.3) million in the second quarter of fiscal 2026. Non-GAAP operating income in the second quarter of fiscal 2027 was $40.8 million compared to $30.0 million in the second quarter of fiscal 2026, an increase of 36%.Cash: Cash, cash equivalents, and restricted cash were $83.6 million as of July 31, 2026, and $275.4 million was outstanding under the Company's credit facility. Free cash flow in the second quarter of fiscal 2027 was $34.0 million compared to $12.6 million in the second quarter of fiscal 2026, an increase of 170%. Recent Business Highlights

Renewed and Expanded with Four U.S. Enterprise Accounts: Completed multi-year renewals with four U.S. Enterprise customers collectively representing over $900 billion in assets. All four customers renewed ahead of schedule with expanded commitments to utilize nCino’s AI tools and functionality.Signed a Development Finance Institution in Germany: Building on recently established momentum in the DACH region, signed a growth-focused development finance institution in Germany.Expanded with Consumer Lending: Expanded a decade-long relationship with a U.S. regional bank customer to include Consumer Lending. Landed with Commercial Onboarding and Account Opening: Signed a community bank in Iowa as a net-new customer for nCino's Commercial Onboarding and Account Opening solution.Signed Hachijuni Nagano Bank: A leading Japanese regional bank selected the nCino Platform to consolidate its consumer lending operations and integrate its proprietary AI credit-scoring engine – advancing the bank’s AI-driven lending strategy.Expanded with Mortgage in Credit Unions: An Indiana-based credit union became our largest credit union customer for mortgage with an expanded commitment to continue efficiently scaling their mortgage business. Stock Repurchase Programs

In the second quarter ended July 31, 2026, nCino repurchased approximately 4.2 million shares of the Company's outstanding common stock in open market purchases, at an average price of $15.41 per share, for total consideration of approximately $65 million. Additionally, in the second quarter, the Company finalized the accelerated share repurchase program announced on March 31, 2026. Under that program, nCino repurchased approximately 6.0 million shares of the Company's outstanding common stock, at an average price of $16.57 per share, for total consideration of $100 million. nCino's Board of Directors has authorized an additional $100 million share repurchase program. Under the repurchase program, the Company may make repurchases, from time to time, through open market purchases, block trades, in privately negotiated transactions, accelerated stock repurchase transactions, or by other means. The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases under this authorization. The volume, price, timing, and manner of any repurchases will be determined at the Company’s discretion, subject to general market conditions, as well as the Company’s management of capital, general business conditions, other investment opportunities, regulatory requirements and other factors. The repurchase program does not obligate the Company to repurchase any specific amount of common stock, has no time limit, and may be modified, suspended, or discontinued at any time without notice at the discretion of nCino’s Board of Directors. The Company currently expects to fund the repurchase program from existing cash and cash equivalents, credit facility capacity and/or future cash flows. Financial Outlook
nCino is providing guidance for its third quarter ending October 31, 2026, as follows:

Total revenues between $161.25 million and $163.25 million.Subscription revenues between $143.25 million and $145.25 million.Non-GAAP operating income between $42.0 million and $44.0 million. nCino is providing guidance for its fiscal year 2027 ending January 31, 2027, as follows:

Total revenues between $644.0 million and $647.0 million.Subscription revenues between $573.5 million and $576.5 million.Non-GAAP operating income between $171.0 million and $174.0 million.Free Cash Flow between $137.0 million and $142.0 million.Annual Contract Value (ACV) at period end between $662.5 million and $667.5 million. Conference Call
nCino will host a conference call at 4:30 p.m. ET today to discuss its financial results and outlook. The conference call will be available via live webcast and replay at the Investor Relations section of nCino’s website: https://investor.ncino.com/news-events/events-and-presentations.

About nCino
nCino (NASDAQ: NCNO) is the platform for agentic banking. With over 2,700 customers worldwide - including community banks, credit unions, independent mortgage banks, and the largest financial entities globally - nCino offers a trusted agentic platform purpose-built for financial services and regulated industries. By deploying AI agents alongside human teams, nCino's dual workforce enables institutions to eliminate inefficiencies, sharpen decision-making and deliver better outcomes for the customers they serve. For more information, visit
www.ncino.com.
.
INVESTOR CONTACT
[email protected]

MEDIA CONTACT
[email protected]

Forward-Looking Statements: This press release contains forward-looking statements about nCino's financial and operating results, which include statements regarding nCino’s future performance, outlook, guidance, the benefits from the use of nCino’s solutions, our strategies, and general business conditions. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “aim,” “anticipates,” “believes,” “continues,” “could,” “estimates,” “expects,” “goal,” “intends,” “may,” “might,” “plans,”, “potential,” “predicts,” “projects,” “seeks,” “should,” “strive,” “will,” or “would” or similar expressions and the negatives thereof. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations and are not representations that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied by such statements, including, but not limited to risks associated with (i) variations between our actual operating results compared to our prior guidance and the expectations of securities analysts, investors and the financial community; (ii) adverse changes in the financial services industry, including as a result of customer consolidation or bank failures; (iii) adverse changes in economic, regulatory, or market conditions, including as a direct or indirect consequence of higher interest rates; (iv) our ability to successfully develop, offer and drive customer acceptance of AI-driven solutions for the banking industry; (v) breaches in our security measures or unauthorized access to our customers’ or their clients' data; (vi) the accuracy of management’s assumptions and estimates; (vii) our ability to attract new customers and succeed in having current customers expand their use of our solutions, including in connection with our migration to an asset-based pricing model; (viii) competitive factors, including pricing pressures and migration to asset-based pricing, consolidation among competitors, entry of new competitors, the launch of new products and marketing initiatives by our competitors, and difficulty securing rights to access or integrate with third party products or data used by our customers; (ix) the rate of adoption of our newer solutions and the results of our efforts to sustain or expand the use and adoption of our more established solutions; (x) fluctuation of our results of operations, which may make period-to-period comparisons less meaningful; (xi) our ability to manage our growth effectively including expanding outside of the United States; (xii) adverse changes in our relationship with Salesforce; (xiii) repurchases of our common stock under our stock repurchase programs or the decision to terminate or suspend any repurchases; (xiv) risks associated with the acquisitions we have completed or may undertake; (xv) the loss of one or more customers, particularly any of our larger customers, or a reduction in the scope of our customers' commitments, including the number of users for which they purchase access and use rights and the assets or activity on which their subscriptions are based number of users our customers purchase access and use rights for; (xvi) system unavailability, system performance problems, or loss of data due to disruptions or other problems with our computing infrastructure or the infrastructure we rely on that is operated by third parties; and (xvii) our ability to maintain our corporate culture and attract and retain highly skilled employees.; (xviii) our level of indebtedness, our ability to service or refinance amounts outstanding under our credit facility, restrictions imposed by the terms of that facility, and our ability to fund repurchases of our common stock from existing cash, credit facility capacity, or future cash flows; (xix) evolving laws, regulations, and supervisory expectations applicable to artificial intelligence, and our dependence on third-party artificial intelligence models, infrastructure, and data, including the accuracy, reliability, and explainability of AI-generated output relied upon by our customers in regulated activities; (xx) fluctuations in foreign currency exchange rates. Additional information concerning these and other risks and uncertainties is contained in the "Risk Factors" section of nCino's most recent Annual Report on Form 10-K and in its subsequent Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission, which are available at www.sec.gov and on nCino's investor relations website.

nCino, Inc.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(Unaudited)
     January 31, 2026 July 31, 2026    Assets   Current assets   Cash and cash equivalents$88,374  $83,290 Accounts receivable, net 166,540   122,365 Costs capitalized to obtain revenue contracts, current portion, net 17,211   16,935 Prepaid expenses and other current assets 21,378   20,311 Total current assets 293,503   242,901 Property and equipment, net 75,607   73,636 Operating lease right-of-use assets, net 12,687   11,627 Costs capitalized to obtain revenue contracts, noncurrent, net 30,735   29,870 Goodwill 1,077,947   1,075,770 Intangible assets, net 135,658   117,392 Investments 7,262   7,262 Long-term prepaid expenses and other assets 14,707   13,295 Total assets$1,648,106  $1,571,753 Liabilities, redeemable non-controlling interest, and stockholders’ equity   Current liabilities   Accounts payable$14,521  $14,840 Accrued expenses and other current liabilities 64,372   39,215 Deferred revenue, current portion 210,552   218,810 Debt, current portion, net —   9,803 Financing obligations, current portion 818   393 Operating lease liabilities, current portion 4,229   3,695 Total current liabilities 294,492   286,756 Operating lease liabilities, noncurrent 9,748   9,001 Deferred income taxes, noncurrent 7,020   8,014 Deferred revenue, noncurrent 170   3,106 Debt, noncurrent, net 213,500   265,557 Financing obligations, noncurrent 50,400   50,178 Other long-term liabilities 4,124   3,905 Total liabilities 579,454   626,517 Commitments and contingencies   Redeemable non-controlling interest 12,737   15,404 Stockholders’ equity   Common stock 59   60 Treasury stock, at cost (125,600)  (301,916)Additional paid-in capital 1,550,187   1,584,093 Accumulated other comprehensive income 7,042   3,340 Accumulated deficit (375,773)  (355,745)Total stockholders’ equity 1,055,915   929,832 Total liabilities, redeemable non-controlling interest, and stockholders’ equity$1,648,106  $1,571,753  nCino, Inc.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except share and per share data)
(Unaudited)
     Three Months Ended July 31, Six Months Ended July 31,  2025   2026   2025   2026 Revenues       Subscription$130,752  $143,462  $256,340  $284,391 Professional services and other 18,063   17,539   36,612   36,024 Total revenues 148,815   161,001   292,952   320,415 Cost of revenues       Subscription 37,992   39,927   74,117   79,171 Professional services and other 22,698   20,303   44,268   39,535 Total cost of revenues 60,690   60,230   118,385   118,706 Gross profit 88,125   100,771   174,567   201,709 Gross margin % 59%  63%  60%  63%Operating expenses       Sales and marketing 37,265   36,948   70,236   70,673 Research and development 34,667   31,030   68,008   59,895 General and administrative 25,489   19,179   47,132   36,408 Total operating expenses 97,421   87,157   185,376   166,976 Income (loss) from operations (9,296)  13,614   (10,809)  34,733 Non-operating income (expense)       Interest income 513   274   930   640 Interest expense (4,444)  (5,214)  (8,894)  (9,695)Other income (expense), net 717   (750)  16,814   (1,083)Income (loss) before income taxes (12,510)  7,924   (1,959)  24,595 Income tax provision 1,209   1,526   5,743   3,206 Net income (loss) (13,719)  6,398   (7,702)  21,389 Net income (loss) attributable to redeemable non-controlling interest (74)  714   2   1,361 Adjustment attributable to redeemable non-controlling interest 1,612   603   1,991   1,306 Net income (loss) attributable to nCino, Inc.$(15,257) $5,081  $(9,695) $18,722 Net income (loss) per share attributable to nCino, Inc.:       Basic$(0.13) $0.05  $(0.08) $0.18 Diluted$(0.13) $0.05  $(0.08) $0.18 Weighted average number of common shares outstanding:       Basic 115,256,497   104,885,480   114,657,339   104,350,762 Diluted 115,256,497   105,361,192   114,657,339   105,066,581  nCino, Inc.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited)
   Six Months Ended July 31,  2025   2026 Cash flows from operating activities   Net income (loss) attributable to nCino, Inc.$(9,695) $18,722 Net income and adjustment attributable to redeemable non-controlling interest 1,993   2,667 Net income (loss) (7,702)  21,389 Adjustments to reconcile net income (loss) to net cash provided by operating activities:   Depreciation and amortization 21,407   20,139 Non-cash operating lease costs 2,273   1,818 Amortization of costs capitalized to obtain revenue contracts 7,230   9,276 Amortization of debt issuance costs 144   209 Stock-based compensation 34,430   31,906 Change in fair value of contingent consideration 300   300 Deferred income taxes 4,003   1,329 Provision for bad debt 153   193 Net foreign currency losses (gains) (14,018)  238 Gains on investments (1,652)  — Loss on disposal of long-lived assets 463   91 Change in operating assets and liabilities:   Accounts receivable 51,837   42,920 Costs capitalized to obtain revenue contracts (6,639)  (8,357)Prepaid expenses and other assets 1,629   1,600 Accounts payable 660   336 Accrued expenses and other liabilities (16,368)  (17,942)Deferred revenue (3,411)  11,996 Operating lease liabilities (2,606)  (2,019)Other long term liabilities (77)  182 Net cash provided by operating activities 72,056   115,604 Cash flows from investing activities   Acquisition of business, net of cash acquired (50,263)  — Purchases of property and equipment (6,866)  (809)Sale of investment 3,684   — Net cash used in investing activities (53,445)  (809)Cash flows from financing activities   Repurchases of common stock (60,598)  (175,659)Proceeds from borrowings on revolving credit facility 102,500   15,000 Payments on revolving credit facility (65,000)  (150,000)Proceeds from term loan, net of debt issuance costs —   199,294 Payments on term loan —   (2,500)Exercise of stock options 1,294   1,162 Stock issuance under the employee stock purchase plan 2,444   2,145 Principal payments on financing obligations (824)  (647)Payment of contingent consideration —   (8,100)Net cash used in financing activities (20,184)  (119,305)Effect of foreign currency exchange rate changes on cash, cash equivalents, and restricted cash 3,529   (571)Net increase (decrease) in cash, cash equivalents, and restricted cash 1,956   (5,081)Cash, cash equivalents, and restricted cash, beginning of period 121,267   88,685 Cash, cash equivalents, and restricted cash, end of period$123,223  $83,604          Six Months Ended July 31,  2025   2026 Reconciliation of cash, cash equivalents, and restricted cash, end of period:   Cash and cash equivalents$122,935  $83,290 Restricted cash included in prepaid expenses and other current assets 132   314 Restricted cash included in long-term prepaid expenses and other assets 156   — Total cash, cash equivalents, and restricted cash, end of period$123,223  $83,604  Non-GAAP Financial Measures
In nCino’s public disclosures, nCino has provided non-GAAP measures, which are measurements of financial performance that have not been prepared in accordance with generally accepted accounting principles in the United States, or GAAP. In addition to its GAAP measures, nCino uses these non-GAAP financial measures internally for budgeting and resource allocation purposes and in analyzing our financial results. For the reasons set forth below, nCino believes that excluding the following items provides information that is helpful in understanding our operating results, evaluating our future prospects, comparing our financial results across accounting periods, and comparing our financial results to our peers, many of which provide similar non-GAAP financial measures.

Amortization of Purchased Intangibles. nCino incurs amortization expense for purchased intangible assets in connection with certain mergers and acquisitions. Because these costs have already been incurred, cannot be recovered, are non-cash, and are affected by the inherent subjective nature of purchase price allocations, nCino excludes these expenses for our internal management reporting processes. nCino’s management also finds it useful to exclude these charges when assessing the appropriate level of various operating expenses and resource allocations when budgeting, planning and forecasting future periods. Although nCino excludes amortization expense for purchased intangibles from these non-GAAP measures, management believes it is important for investors to understand that such intangible assets were recorded as part of purchase accounting and contribute to revenue generation.
 Stock-Based Compensation Expenses. nCino excludes stock-based compensation expenses primarily because they are non-cash expenses that nCino excludes from our internal management reporting processes. nCino’s management also finds it useful to exclude these expenses when they assess the appropriate level of various operating expenses and resource allocations when budgeting, planning and forecasting future periods. Moreover, because of varying available valuation methodologies, subjective assumptions and the variety of award types that companies can use, nCino believes excluding stock-based compensation expenses allows investors to make meaningful comparisons between our recurring core business operating results and those of other companies.
 Transaction-Related Expenses. nCino excludes expenses related to mergers and acquisitions or divestitures as they limit comparability of operating results with prior periods. Transaction-related expenses include but are not limited to, costs incurred from third-party professional services firms, change in fair value of contingent consideration, and one-time integration activities. We believe these costs are non-recurring in nature and outside the ordinary course of business.
 Litigation Expenses. nCino excludes fees and expenses related to litigation expenses incurred from legal matters outside the ordinary course of our business as we believe their exclusion from non-GAAP operating expenses will facilitate a more meaningful explanation of operating results and comparisons with prior period results.
 Restructuring Costs. nCino excludes costs incurred related to bespoke restructuring plans and other one-time costs, if any, that are fundamentally different in strategic nature and frequency from ongoing initiatives. We believe excluding these costs facilitates a more consistent comparison of operating performance over time. There are limitations to using non-GAAP financial measures because non-GAAP financial measures are not prepared in accordance with GAAP and may be different from non-GAAP financial measures provided by other companies. The non-GAAP financial measures are limited in value because they exclude certain items that may have a material impact upon our reported financial results. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by nCino’s management about which items are adjusted to calculate its non-GAAP financial measures. nCino compensates for these limitations by analyzing current and future results on a GAAP basis as well as a non-GAAP basis and also by providing GAAP measures in its public disclosures. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. nCino encourages investors and others to review our financial information in its entirety, not to rely on any single financial measure to evaluate our business, and to view our non-GAAP financial measures in conjunction with the most directly comparable GAAP financial measures. A reconciliation of GAAP to the non-GAAP financial measures has been provided in the tables below.

nCino, Inc.
RECONCILIATION OF GAAP TO NON-GAAP MEASURES
(In thousands, except share and per share data)
(Unaudited)
     Three Months Ended July 31, Six Months Ended July 31,  2025   2026   2025   2026 GAAP total revenues$148,815  $161,001  $292,952  $320,415         GAAP cost of subscription revenues$37,992  $39,927  $74,117  $79,171 Amortization expense - developed technology (5,115)  (5,112)  (10,190)  (10,225)Stock-based compensation (830)  (697)  (1,494)  (1,352)Restructuring charges (496)  —   (496)  — Non-GAAP cost of subscription revenues$31,551  $34,118  $61,937  $67,594         GAAP cost of professional services and other revenues$22,698  $20,303  $44,268  $39,535 Amortization expense - other (83)  —   (165)  — Stock-based compensation (3,315)  (3,276)  (6,069)  (5,900)Restructuring charges (722)  —   (722)  — Non-GAAP cost of professional services and other revenues$18,578  $17,027  $37,312  $33,635         GAAP gross profit$88,125  $100,771  $174,567  $201,709 Amortization expense - developed technology 5,115   5,112   10,190   10,225 Amortization expense - other 83   —   165   — Stock-based compensation 4,145   3,973   7,563   7,252 Restructuring charges 1,218   —   1,218   — Non-GAAP gross profit$98,686  $109,856  $193,703  $219,186         The following table sets forth reconciling items as a percentage of total revenue for the periods presented.1GAAP gross margin % 59%  63%  60%  63%Amortization expense - developed technology 3   3   3   3 Stock-based compensation 3   2   3   2 Restructuring charges 1   —   —   — Non-GAAP gross margin % 66%  68%  66%  68%        GAAP sales & marketing expense$37,265  $36,948  $70,236  $70,673 Amortization expense - customer relationships (3,631)  (3,641)  (7,211)  (7,284)Amortization expense - trade name (384)  —   (808)  (9)Amortization expense - other (28)  (28)  (56)  (56)Stock-based compensation (3,746)  (4,097)  (6,674)  (7,258)Transaction-related expenses —   —   (335)  — Restructuring charges (1,383)  —   (1,383)  — Non-GAAP sales & marketing expense$28,093  $29,182  $53,769  $56,066         GAAP research & development expense$34,667  $31,030  $68,008  $59,895 Stock-based compensation (3,685)  (4,262)  (7,800)  (7,331)Transaction-related expenses (366)  (264)  (456)  (622)Restructuring charges (4,026)  —   (4,026)  — Non-GAAP research & development expense$26,590  $26,504  $55,726  $51,942         GAAP general & administrative expense$25,489  $19,179  $47,132  $36,408 Stock-based compensation (7,040)  (5,670)  (12,393)  (10,065)Transaction-related expenses (1,018)  (169)  (1,933)  (506)Restructuring charges (3,438)  —   (3,438)  — Non-GAAP general & administrative expense$13,993  $13,340  $29,368  $25,837         GAAP income (loss) from operations$(9,296) $13,614  $(10,809) $34,733 Amortization of intangible assets 9,241   8,781   18,430   17,574 Stock-based compensation 18,616   18,002   34,430   31,906 Transaction-related expenses 1,384   433   2,724   1,128 Restructuring charges 10,065   —   10,065   — Non-GAAP operating income$30,010  $40,830  $54,840  $85,341         The following table sets forth reconciling items as a percentage of total revenue for the periods presented.1GAAP operating margin % (6)%  8%  (4)%  11%Amortization of intangible assets 6   5   6   5 Stock-based compensation 13   11   12   10 Transaction-related expenses 1   —   1   — Restructuring charges 7   —   3   — Non-GAAP operating margin % 20%  25%  19%  27%        Free cash flow       Net cash provided by operating activities$17,736  $34,199  $72,056  $115,604 Purchases of property and equipment (5,148)  (195)  (6,866)  (809)Free cash flow$12,588  $34,004  $65,190  $114,795 Principal payments on financing obligations2 (414)  (326)  (824)  (647)Free cash flow less principal payments on financing obligations$12,174  $33,678  $64,366  $114,148  1Columns may not foot due to rounding.
2These amounts represent the non-interest component of payments towards financing obligations for facilities.

American Capital Management Inc. acquired a new stake in nCino Inc. (NASDAQ:NCNO – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 5,107,539 shares of the company’s stock, valued at approximately $83,508,000. nCino comprises approximately 3.7% of American Capital Management Inc.’s investment portfolio, making the stock its 7th largest holding. American Capital Management Inc. owned about 4.66% of nCino at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. CWM LLC raised its holdings in nCino by 255.8% during the fourth quarter. CWM LLC now owns 1,142 shares of the company’s stock worth $29,000 after acquiring an additional 821 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in nCino in the fourth quarter valued at approximately $38,000. Farther Finance Advisors LLC grew its stake in nCino by 76.2% in the fourth quarter. Farther Finance Advisors LLC now owns 1,670 shares of the company’s stock valued at $43,000 after purchasing an additional 722 shares in the last quarter. Quarry LP increased its position in shares of nCino by 138.2% during the 3rd quarter. Quarry LP now owns 1,701 shares of the company’s stock worth $46,000 after purchasing an additional 987 shares during the last quarter. Finally, Optiver Holding B.V. acquired a new position in shares of nCino during the 1st quarter worth approximately $32,000. Institutional investors own 94.76% of the company’s stock.

Insider Activity at nCino In related news, CEO Sean Desmond sold 28,675 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $19.22, for a total value of $551,133.50. Following the completion of the sale, the chief executive officer directly owned 1,234,831 shares in the company, valued at $23,733,451.82. The trade was a 2.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Gregory Orenstein sold 11,780 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $19.22, for a total value of $226,411.60. Following the completion of the transaction, the chief financial officer directly owned 690,513 shares in the company, valued at approximately $13,271,659.86. This represents a 1.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 83,350 shares of company stock valued at $1,568,144 in the last 90 days. Corporate insiders own 1.90% of the company’s stock.

nCino News Summary Here are the key news stories impacting nCino this week: Positive Sentiment: Quarterly results exceeded key estimates. nCino reported approximately $161 million in revenue, up 8.2% year over year and above consensus expectations. Adjusted earnings were reported at $0.30 per share, ahead of the $0.28 consensus estimate, although some reports cited GAAP EPS of $0.05. nCino Reports Second Quarter Fiscal Year 2027 Financial Results Positive Sentiment: Management authorized an additional $100 million stock-repurchase program, potentially supporting per-share value and signaling confidence in nCino’s financial position. nCino Reports Second Quarter Fiscal Year 2027 Financial Results Positive Sentiment: AI adoption is gaining traction. CEO Sean Desmond said early customers have consumed their initial credits for nCino’s AI agents and returned to purchase more, suggesting potential for recurring expansion revenue. Banks Double Down on nCino AI Agents After Using Initial Credits Neutral Sentiment: Analyst sentiment was mixed. Citizens JMP raised its target to $25 and maintained an outperform rating, while Needham reaffirmed Buy with a $25 target. BTIG reiterated Neutral, and Truist raised its target to $20 but kept a Hold rating. Negative Sentiment: The earnings reaction was pressured by conflicting EPS figures and valuation concerns. Reports citing $0.05 GAAP EPS showed a miss versus consensus, while the adjusted-EPS beat was stronger. With a high price-to-earnings ratio, investors may demand continued rapid growth. Negative Sentiment: Guidance was broadly in line rather than sharply above expectations. Fiscal 2027 revenue guidance of $644 million-$647 million was close to the $644.5 million consensus, while third-quarter guidance of $161.3 million-$163.3 million also bracketed estimates. nCino Stock Drops Despite Strong Q2 Earnings Beat Analyst Upgrades and Downgrades Several equities research analysts have recently commented on the company. Barclays increased their price objective on nCino from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday. Piper Sandler began coverage on shares of nCino in a report on Monday. They set an “overweight” rating and a $25.00 target price on the stock. Zacks Research lowered shares of nCino from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Morgan Stanley increased their price target on shares of nCino from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $25.00 price objective on shares of nCino in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $24.38.

Get Our Latest Report on nCino

nCino Stock Up 3.4% Shares of NCNO opened at $21.51 on Thursday. nCino Inc. has a 52 week low of $13.80 and a 52 week high of $33.92. The firm has a market cap of $2.36 billion, a P/E ratio of 71.70 and a beta of 0.66. The firm’s 50-day simple moving average is $18.02 and its 200 day simple moving average is $16.89. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.89 and a current ratio of 0.89.

nCino Profile (Free Report)

nCino, Inc provides a cloud-based banking operating system designed to modernize and streamline processes for financial institutions. Built on a software-as-a-service (SaaS) model, the nCino Bank Operating System integrates key banking functions into a unified platform, enabling banks and credit unions to enhance efficiency, reduce risk and improve customer experiences.

Founded in 2012 as a spinoff from Live Oak Bank, nCino launched its flagship offering to address the needs of commercial and retail lenders seeking to replace legacy systems.

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The market’s first takeaway from Abercrombie & Fitch Co‘s (NYSE:ANF) second-quarter earnings was obvious: a roughly $100 million tariff refund helped fuel a blowout quarter. Management spent much of its earnings call making a different argument—that the business itself outperformed expectations by even more.

That distinction matters because investors are now deciding whether Wednesday’s sharp 40% stock rally reflects a one-time accounting benefit or evidence that the retailer’s turnaround continues to strengthen underneath the headlines.

Abercrombie Says the Underlying Business Outperformed ExpectationsChief Executive Officer Fran Horowitz acknowledged the impact of the tariff refund but emphasized it was not what drove the quarter’s outperformance.

“While we benefited from tariff refunds in the quarter, we beat our outlook by more than the refund on both operating margin and earnings per share,” she said.

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The company reported record second-quarter revenue of $1.27 billion and adjusted earnings per share of $4.17, comfortably ahead of Wall Street expectations. Although the tariff refund provided a meaningful boost, management repeatedly pointed investors back to the operating performance of the core business.

Chief Financial Officer Robert Ball broke down the numbers. Abercrombie’s operating margin exceeded the company’s May outlook by roughly 990 basis points. About 790 basis points came from the tariff refund, but “the remaining approximately 200 basis points came primarily from favorable gross margin and operating leverage on stronger sales.”

His conclusion was unequivocal: “While the refund was meaningful, the underlying business performed above our expectations.”

Abercrombie’s Pricing Power Helped Drive the BeatManagement also pointed to healthy consumer demand rather than aggressive discounting as another reason the business exceeded expectations.

Ball said average unit retail — the average selling price of merchandise — “came in stronger than expected on reduced promotional activity,” adding that “the consumers are responding really well to the assortments.” Importantly, he noted that stronger pricing was accompanied by higher unit sales, describing the quarter as “balanced, which is what we like to see.”

Executives highlighted broad-based momentum across the business. Abercrombie delivered 8% sales growth, Hollister returned to sequential acceleration, APAC sales climbed 19%, and the company recorded its 15th consecutive quarter of top-line growth.

The company also raised its full-year outlook for both sales and profitability, citing a “strong start to August” and improving confidence in the second half.

Why Investors Should Look Beyond the Tariff RefundThe tariff refund undoubtedly inflated reported earnings. Management itself estimated the benefit at roughly $1.75 per diluted share during the quarter.

But the more important message from the earnings call was that executives wanted investors to separate the one-time benefit from the underlying trajectory of the business. They argued that stronger merchandise execution, lower promotional activity, healthier margins and continued demand were enough to produce results above internal expectations even before accounting for the refund.

For investors, the next question is whether that operational momentum persists after the tariff benefit disappears. Future quarters will no longer enjoy the same windfall, making the company’s underlying sales growth, pricing discipline and margin performance the metrics that matter most.

If those trends continue, Wednesday’s rally may prove to have been about more than a one-off refund.

ANF Stock Price Activity: Abercrombie & Fitch shares were up 40.20% at $152.68 on Wednesday, according to Benzinga Pro data.

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Photo courtesy: Chris Redan / Shutterstock.com

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

ToplineAbercrombie and Fitch shares spiked to an 18-month high Wednesday, reporting a large boost in operating income fueled by $100 million worth of tariff refunds in its second quarter earnings.

Abercrombie & Fitch expect further tariff refunds next quarter.

Photo by Spencer Platt/Getty Images

Key FactsAbercrombie shares were up 34.8% as of 45 minutes before markets closed, reaching their highest point since January 2025.

The apparel company benefited from about $100 million in tariff refunds, which boosted operating income to $253 million, up from $207 million in the same period last year, according to its earnings report.

Earnings per share reached $4.17, a massive expectations beat, topping the $1.99 EPS analysts forecasted, according to FactSet.

The retailer also recorded net sales of $1.3 billion in the second quarter, up 5% compared to last year.

After the Supreme Court ruled against President Donald Trump’s “Liberation Day” tariffs earlier this year, the U.S. Court of International Trade ruled several U.S. companies that paid the tariffs were entitled to refunds.

Abercrombie reported $90 million in tariff expenses last year, dropping its full-year operating margin outlook by 1.7% and representing about 16% of the company's entire net income in 2025.

What To Watch ForAbercrombie expects to receive $20 million in tariff refunds for its third quarter.

Big NumberAt least 2.5%. That is how much Abercrombie raised its operating margin outlook for the full year by, forecasting a range between 14.5% and 15%.

Key BackgroundAbercrombie is one of several U.S. companies that has reported tariff refunds this month. U.S. retailers reported over $5 billion in refunds last week alone, with Walmart accounting for a whopping $2.9 billion of those refunds. Other companies reporting tariff refunds included Target ($994 million), Home Depot ($730 million) and TJ Maxx owner TJX ($331 million). Many retailers have suggested they plan to reinvest their tariff refunds into their companies as opposed to passing them on to consumers who paid higher retail prices. Walmart has said it intends to deploy as much of its refund back into lowering prices for consumers, while Costco has said it plans to do the same, though it is not yet clear how much money in tariff refunds the big-box store has received.

Further ReadingAmericans’ Top Retailers Are Getting Billions In Tariff Refunds—Including Walmart, Target—But Many Consumers Still Aren’t (Forbes)

Key Takeaways MasTec is integrating civil, power, telecom, pipeline and electrical capabilities on one platform.The Superior acquisition expands MTZ's electrical expertise in mission-critical facilities and data centers.MTZ's strategy is backed by a record $21.4B backlog, though Communications deferrals remain a headwind. MasTec, Inc. (MTZ - Free Report) is evolving from a diversified infrastructure contractor into a more integrated, end-to-end platform capable of serving customers across the full project life cycle. Its capabilities now span construction management, civil work, power delivery, telecommunications, pipelines and maintenance, allowing multiple MasTec businesses to collaborate on complex projects. The company’s turnkey data center project demonstrates this strategy, with multiple sister companies working together on a single development.

The acquisition of The Superior Group significantly strengthens this model. Superior adds full-service electrical capabilities and a skilled workforce, particularly in mission-critical facilities and data centers. Combined with MasTec’s broader geographic reach and infrastructure capabilities, the deal creates opportunities to deepen customer relationships and provide more comprehensive solutions that improve speed, quality and execution certainty.

This integrated approach is particularly relevant as AI-driven data centers require coordinated investment across electrical systems, grid connections, power generation, natural gas infrastructure, fiber connectivity and civil construction. MasTec is increasingly positioned to capture a larger share of this spending rather than participating in only one part of a project. Management is also engaging customers earlier in development and pursuing opportunities across the entire mission-critical project life cycle.

The strategy is supported by a record $21.4 billion backlog and strong demand across several infrastructure markets. However, near-term Communications project deferrals remain a headwind. Still, diversification and the Superior acquisition should strengthen MasTec’s ability to benefit from the expanding infrastructure investment cycle.

MasTec Versus Its Infrastructure RivalsMasTec faces strong competition from Quanta Services (PWR - Free Report) and EMCOR Group (EME - Free Report) as infrastructure spending increasingly shifts toward integrated, mission-critical projects. Quanta is perhaps the closest comparison, with broad capabilities spanning engineering, procurement, construction, power generation, transmission, substations, pipelines and communications. Quanta is also building turnkey solutions for data centers, combining on-site electrical infrastructure with grid interconnections and power generation. Recent acquisitions have further expanded Quanta's electrical, mechanical and fabrication capabilities for data centers and other large-load customers.

EMCOR is particularly formidable in mission-critical construction. It provides electrical and mechanical construction, HVAC, plumbing, fire protection, prefabrication and facilities services for data centers. Its ability to support projects from design and construction through ongoing maintenance gives EMCOR a strong full-lifecycle offering. Against these rivals, MasTec’s differentiator is its combination of civil, power, telecom, pipeline and newly strengthened electrical capabilities under one platform.

MTZ Stock’s Price Performance, Valuation & Estimate TrendShares of this Florida-based infrastructure construction company have gained 36% over the past year, outperforming the Zacks Building Products - Heavy Construction industry, the broader Zacks Construction sector and the S&P 500 Index.

MTZ Price Performance (1 Year)

Image Source: Zacks Investment Research

MTZ stock is currently trading at a premium compared with its industry peers, with a forward 12-month price-to-earnings (P/E) ratio of 21.35, as shown in the chart below.

MTZ Valuation (P/E F12M)

Image Source: Zacks Investment Research

MTZ's earnings estimates for 2026 have moved upward in the past 30 days to $9.31 per share, but the same for 2027 moved down to $12.77 per share. The revised estimates for 2026 and 2027 imply a year-over-year surge of 42.1% and 37.2%, respectively.

MTZ Estimate Trend

Image Source: Zacks Investment Research

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

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Newell Brands Inc. (NASDAQ:NWL – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 275,202 shares of the company’s stock, valued at approximately $1,690,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.06% of Newell Brands at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Quarry LP boosted its position in Newell Brands by 139.3% during the fourth quarter. Quarry LP now owns 7,416 shares of the company’s stock valued at $28,000 after purchasing an additional 4,317 shares during the last quarter. Summit Securities Group LLC acquired a new stake in Newell Brands in the fourth quarter valued at $30,000. Citizens Financial Group Inc. RI bought a new position in shares of Newell Brands in the 4th quarter valued at about $39,000. HighPoint Advisor Group LLC acquired a new position in shares of Newell Brands during the 4th quarter worth about $39,000. Finally, 111 Capital bought a new stake in shares of Newell Brands in the 4th quarter valued at about $39,000. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth A number of equities analysts recently commented on the company. Morgan Stanley reiterated an “underweight” rating and set a $5.75 price target on shares of Newell Brands in a report on Thursday, August 6th. Zacks Research raised Newell Brands from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Weiss Ratings raised Newell Brands from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $6.00 price objective on shares of Newell Brands in a report on Monday, August 3rd. Finally, Barclays lifted their target price on shares of Newell Brands from $5.00 to $7.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Newell Brands presently has a consensus rating of “Hold” and a consensus price target of $6.66.

Get Our Latest Analysis on Newell Brands Newell Brands Stock Up 4.9% Shares of NASDAQ NWL opened at $6.17 on Friday. The company has a 50 day simple moving average of $5.66 and a 200 day simple moving average of $4.64. Newell Brands Inc. has a 1 year low of $3.07 and a 1 year high of $7.13. The firm has a market cap of $2.63 billion, a PE ratio of -11.64, a price-to-earnings-growth ratio of 1.52 and a beta of 0.88. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.11 and a quick ratio of 0.59.

Newell Brands (NASDAQ:NWL – Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.22. Newell Brands had a positive return on equity of 12.31% and a negative net margin of 3.05%.The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the firm earned $0.24 earnings per share. The company’s revenue was up 3.0% compared to the same quarter last year. Newell Brands has set its Q3 2026 guidance at 0.180-0.200 EPS and its FY 2026 guidance at 0.730-0.770 EPS. On average, research analysts forecast that Newell Brands Inc. will post 0.76 EPS for the current year.

Newell Brands Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Monday, August 31st. Newell Brands’s dividend payout ratio (DPR) is currently -52.83%.

Insider Activity In other Newell Brands news, insider Bradford R. Turner sold 100,000 shares of Newell Brands stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $6.16, for a total transaction of $616,000.00. Following the completion of the transaction, the insider owned 433,398 shares of the company’s stock, valued at $2,669,731.68. The trade was a 18.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.64% of the stock is currently owned by company insiders.

Newell Brands Company Profile (Free Report)

Newell Brands Inc, trading on NASDAQ under the ticker NWL, is a global consumer goods company known for its diverse portfolio of household, commercial, and specialty products. Formed through the merger of Newell Rubbermaid and Jarden Corporation in 2016, the company traces its roots back to Newell Manufacturing, which was founded in 1903. Headquartered in Atlanta, Georgia, Newell Brands has built a reputation for widely recognized brands spanning multiple consumer categories.

The company’s business activities are organized across several segments, including writing and creative expression, home solutions, commercial products, and outdoor recreation.

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Shares of FactSet Research Systems Inc. (NYSE:FDS – Get Free Report) have earned an average rating of “Reduce” from the eighteen brokerages that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $253.00.

A number of research analysts have issued reports on FDS shares. Jefferies Financial Group increased their target price on shares of FactSet Research Systems from $225.00 to $253.00 and gave the stock a “hold” rating in a research report on Thursday, July 2nd. Barclays boosted their price target on FactSet Research Systems from $210.00 to $216.00 and gave the company an “underweight” rating in a research note on Monday, July 6th. The Goldman Sachs Group downgraded FactSet Research Systems from a “sell” rating to an “underweight” rating in a research report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft raised their price objective on FactSet Research Systems from $275.00 to $280.00 and gave the stock a “hold” rating in a research note on Thursday, July 2nd. Finally, BMO Capital Markets lifted their price objective on FactSet Research Systems from $257.00 to $275.00 and gave the company a “market perform” rating in a report on Thursday, July 2nd.

Read Our Latest Analysis on FDS

Institutional Investors Weigh In On FactSet Research Systems Institutional investors and hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its holdings in FactSet Research Systems by 188.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock valued at $45,000 after buying an additional 64 shares during the period. BOKF NA lifted its holdings in shares of FactSet Research Systems by 5,100.0% during the 3rd quarter. BOKF NA now owns 104 shares of the business services provider’s stock worth $30,000 after acquiring an additional 102 shares during the period. Navalign LLC bought a new stake in shares of FactSet Research Systems during the 4th quarter worth approximately $32,000. Litman Gregory Wealth Management LLC acquired a new stake in shares of FactSet Research Systems during the 4th quarter worth approximately $32,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of FactSet Research Systems during the 2nd quarter worth approximately $50,000. Institutional investors own 91.24% of the company’s stock. FactSet Research Systems Stock Down 0.4% FDS opened at $295.02 on Thursday. The stock has a fifty day moving average of $260.88 and a 200-day moving average of $235.01. The company has a market capitalization of $10.49 billion, a P/E ratio of 19.43, a P/E/G ratio of 1.99 and a beta of 0.70. FactSet Research Systems has a fifty-two week low of $185.00 and a fifty-two week high of $384.33. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.68.

FactSet Research Systems (NYSE:FDS – Get Free Report) last released its quarterly earnings results on Wednesday, July 1st. The business services provider reported $4.53 EPS for the quarter, beating the consensus estimate of $4.44 by $0.09. FactSet Research Systems had a net margin of 23.21% and a return on equity of 30.68%. The business had revenue of $622.92 million for the quarter, compared to the consensus estimate of $617.91 million. During the same period in the prior year, the company posted $4.27 earnings per share. FactSet Research Systems’s revenue was up 6.4% compared to the same quarter last year. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. On average, equities analysts expect that FactSet Research Systems will post 17.76 EPS for the current year.

FactSet Research Systems Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Monday, August 31st will be given a $1.16 dividend. The ex-dividend date is Monday, August 31st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 1.6%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 30.57%.

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FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.

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