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Shares of Toast (TOST -0.06%) have largely underperformed since the company's public market debut in 2021. The restaurant-technology business may be moving into a new era, though, and investors might see Toast reheated soon.

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Toast's fundamentals are looking better. The company beat second-quarter expectations, and its earnings per share (EPS) almost doubled year over year. Toast raised its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance for Q3 to $220 million. A slew of analysts increased their price targets on the good news.

The company continues to add new restaurants to its customer base while simultaneously increasing the number of transactions it processes. It's also investing in artificial intelligence (AI) tools that will help customers with order taking and administrative tasks, and generate valuable customer insights. Lastly, Toast expanded its integrations with Alphabet's Google and entered into a new partnership with the Dutch payments company Adyen.

Image source: The Motley Fool.

Investors have been scared off by the consistent insider selling, including by the CEO and chief revenue officer. The company's valuation is still a bit rich in my opinion. Despite the stock declining 15% in the past year and more than 44% since its initial public offering (IPO), the trailing price-to-earnings (P/E) ratio still sits in the mid-40s.

The company is competing with powerhouse Square, which Block owns. Square has a slight advantage in market share, but Toast could gain ground as it focuses on its Google integration and partnerships.

Toast has an expanding platform and customer base; it added 9,500 new net customers in its latest quarter. I'm cautiously optimistic that there is room for this stock to run over the next few years as its metrics continue to improve. Investors will still need a bit of patience and appetite for Toast's volatility, however. Ultimately, I like where Toast is heading.

Catie Hogan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Adyen, Alphabet, Block, and Toast. The Motley Fool has a disclosure policy.

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AI agents are increasingly asked to make payments, sign code and manage digital operations, yet the channels they use offer no cryptographic identity and force users to hand over their private keys. The Algorand Foundation is trying to close that gap with AC2, an open protocol announced Aug. 25, according to a release from the foundation.

How AC2 works AC2, short for Agentic Communication and Control Protocol, establishes a direct, end-to-end encrypted WebRTC connection between a user’s wallet and an AI agent. When an agent needs to perform a signing operation, such as a payment, a git commit or an API authorization, it sends a request that the user reviews and approves in their own wallet, and the signature is delegated back. The private key never leaves the user’s control.

The protocol is designed to support a broad range of agentic workflows: a coding agent can draft code and ask the developer to approve the final signature, an assistant can route payment details to a wallet for approval, and a shopping agent can construct a mandate defining what it is authorized to buy and at what price.

The design choices The specification uses DIDComm v2.0 message formats, passkey authentication through Liquid Auth built on FIDO2 and WebAuthn, and supports real-time voice and text streaming as well as signing delegation. It requires no central message relay and no blockchain to operate, and the reference implementation is available on GitHub alongside an open-source wallet proof-of-concept and an OpenClaw plugin for testing.

“The answer is you don’t hand them the keys, you approve each use of them,” said Marc Vanlerberghe, the foundation’s chief strategy and marketing officer, describing how AC2 grants AI agents authority without the ability to act against a user’s interests.

Where it fits The launch builds on Algorand’s recent security-focused upgrades and lands as how exchanges are opening trading to AI agents becomes a live question across the industry. The foundation cautioned that the release contains forward-looking statements and that the protocol remains subject to change as it seeks design partners. The protocol is blockchain-agnostic, so wallets and agents across networks could adopt it rather than being tied to Algorand.

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Entrepreneur and freelance writer based in Nakuru, Kenya. I cover cryptocurrency, the Blockchain technology, and financial topics. It’s my joy to transform the simplest phrases in a way they reach a reader’s heart to help them discover how crypto is disrupting the world as we have known it. I believe in transforming the world, one word at a time.

Bank of New York Mellon Corp purchased a new position in Corebridge Financial, Inc. (NYSE:CRBG – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,607,692 shares of the company’s stock, valued at approximately $46,028,000. Bank of New York Mellon Corp owned about 0.36% of Corebridge Financial at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. State of Michigan Retirement System purchased a new position in Corebridge Financial in the 4th quarter worth approximately $2,130,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in Corebridge Financial in the 4th quarter valued at approximately $5,358,000. Vanguard Group Inc. boosted its stake in Corebridge Financial by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 27,143,048 shares of the company’s stock valued at $818,906,000 after purchasing an additional 311,133 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in Corebridge Financial during the 4th quarter valued at $2,072,000. Finally, State of Wyoming bought a new stake in shares of Corebridge Financial in the 2nd quarter worth $899,000. Institutional investors own 98.25% of the company’s stock.

Analyst Ratings Changes CRBG has been the subject of several recent analyst reports. TD Cowen boosted their price target on Corebridge Financial from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. UBS Group increased their price objective on Corebridge Financial from $29.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Jefferies Financial Group lifted their price objective on Corebridge Financial from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Piper Sandler boosted their target price on Corebridge Financial from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Finally, Mizuho upped their target price on shares of Corebridge Financial from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $37.42.

Check Out Our Latest Research Report on CRBG Insider Activity In related news, insider David Ditillo sold 12,414 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $34.00, for a total value of $422,076.00. Following the transaction, the insider owned 111,153 shares of the company’s stock, valued at approximately $3,779,202. This trade represents a 10.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Elizabeth B. Cropper sold 7,745 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $33.06, for a total transaction of $256,049.70. Following the sale, the executive vice president owned 46,473 shares of the company’s stock, valued at $1,536,397.38. This trade represents a 14.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 24,409 shares of company stock valued at $805,626 in the last ninety days. Insiders own 0.32% of the company’s stock.

Corebridge Financial Price Performance NYSE CRBG opened at $32.60 on Friday. The stock has a market capitalization of $14.53 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 0.42 and a beta of 1.08. Corebridge Financial, Inc. has a 1-year low of $22.19 and a 1-year high of $35.22. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.12 and a quick ratio of 0.12. The business’s fifty day moving average price is $31.36 and its 200-day moving average price is $28.29.

Corebridge Financial (NYSE:CRBG – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.04. Corebridge Financial had a return on equity of 17.37% and a net margin of 4.37%.The company had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.66 billion. During the same quarter in the prior year, the business earned $1.36 earnings per share. On average, equities analysts predict that Corebridge Financial, Inc. will post 4.57 earnings per share for the current year.

Corebridge Financial Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Wednesday, September 16th. Corebridge Financial’s payout ratio is currently 58.48%.

(Free Report)

Corebridge Financial (NYSE: CRBG) is a publicly traded provider of retirement, life insurance and asset management solutions. Formed from the separation of American International Group’s life and retirement operations, Corebridge focuses on helping individuals, employers and institutions manage retirement income, protect against longevity and mortality risks, and invest long-term savings. The company operates under a unified brand that brings together insurance products and investment capabilities to deliver integrated financial solutions.

Corebridge’s product suite includes retirement income and annuity products, individual and group life insurance, asset management and investment advisory services, and employer-sponsored retirement plan offerings.

Featured Stories Five stocks we like better than Corebridge Financial 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? Want to see what other hedge funds are holding CRBG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Corebridge Financial, Inc. (NYSE:CRBG – Free Report).

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A month has gone by since the last earnings report for Baker Hughes (BKR - Free Report) . Shares have added about 2.3% 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 Baker Hughes due for a pullback? 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 catalysts.

Baker Hughes Q2 Earnings & Revenues Beat EstimatesBaker Hughes Company reported second-quarter 2026 adjusted earnings of 64 cents per share, up 2% year over year. The figure beat the Zacks Consensus Estimate of 51 cents by 25.5%.

Revenues of $6.74 billion surpassed the consensus mark of $6.49 billion by 3.9%. However, the figure declined 2% from the year-ago quarter.

Better-than-expected quarterly results reflected strong OFSE execution, firm IET profitability and record order momentum.

Orders & Backlog Remaining performance obligations, a measure of contracted future work, reached $40.06 billion, up 18% year over year. The increase reflected a record Industrial & Energy Technology (“IET”) backlog, which rose to $37.09 billion and an increased Oilfield Services & Equipment (“OFSE”) backlog, up 10% year over year.

Orders across all business segments totaled $10.5 billion, up 49% from $7.03 billion recorded a year ago, driven by record order intake from the IET business segment. Notably, IET orders nearly doubled from the prior-year period, supported by continued momentum in Gas Technology Equipment and Gas Technology Services.

The company posted a total book-to-bill ratio of 1.6, indicating that orders exceeded current-quarter revenues.

Baker Hughes' IET Momentum StrengthensIndustrial & Energy Technology revenues were $3.29 billion, flat year over year. Lower Gas Technology Equipment and Industrial Solutions revenues, including the effect of the PSI disposition, affected segment results in the quarter, offset by growth across the other product lines.

Segment EBITDA increased 16% from the year-ago quarter to $678 million. The EBITDA margin expanded 280 basis points to 20.6%, driven by pricing, productivity, cost-out initiatives and favorable foreign exchange movements. The positives were partly offset by lower volume and inflation.

BKR's OFSE Execution Tops GuidanceOilfield Services & Equipment revenues fell 5% year over year to $3.45 billion, mainly due to the SPC divestment and Middle East disruptions. North America revenues increased 1%, while International revenues declined 6% year over year.

OFSE EBITDA declined 11% to $605 million, while the margin contracted 120 basis points to 17.5%. Sequentially, however, revenues and EBITDA each rose 7%, driven by higher volume, pricing, cost actions and foreign exchange.

Baker Hughes Expands Margins and Cash FlowAdjusted EBITDA increased 2% year over year to $1.23 billion. The adjusted EBITDA margin improved 70 basis points to 18.3%, with company-wide results exceeding the midpoint of management's guidance.

Operating cash flow was $1.35 billion compared with $510 million in the corresponding period of 2025. Free cash flow in the second quarter totaled $1.11 billion compared with $239 million a year earlier. Net capital expenditures were $236 million, including $135 million for OFSE and $85 million for IET.

BKR's Balance Sheet Reflects Chart FundingBKR ended June with cash and cash equivalents of $15.73 billion. Long-term debt stood at $15.48 billion at the end of the second quarter, reflecting the financing associated with the all-cash Chart Industries acquisition.

The company paid $228 million in dividends during the second quarter and made no share repurchases. Management remains focused on deleveraging after the Chart closing and targets net debt to adjusted EBITDA of 1x-1.5x within 24 months.

Baker Hughes Broadens Its Industrial PortfolioThe company completed the Chart acquisition, adding thermal management, air and gas handling, compression and lifecycle-service capabilities. Baker Hughes expects Chart to become a third reporting segment beginning in the third quarter of 2026.

Management expects run-rate cost synergies of $95 million in year one, $230 million in year two and $325 million in year three. The integration plan also targets commercial benefits from a larger installed base, expanded aftermarket reach and broader digital penetration.

2026 ExpectationsFor the third quarter of 2026, Baker Hughes expects revenues of $6.57-$7.17 billion and adjusted EBITDA of $1.12-$1.30 billion. OFSE revenues are projected at $3.40-$3.70 billion, while IET revenues are forecast at $3.17-$3.47 billion.

For 2026, the company now expects revenues of $26.65-$28.05 billion and adjusted EBITDA of $4.6-$5.1 billion. IET order guidance was raised to $17.5-$19.5 billion, and the Horizon 2 IET order target increased to more than $45 billion for 2026-2028.

The outlook excludes guidance for the Chart segment. It assumes that Middle East activity remains broadly consistent through year-end and that logistics inflation and supply-chain challenges remain in line with recent trends.

How Have Estimates Been Moving Since Then?It turns out, estimates review have trended upward during the past month.

The consensus estimate has shifted 17.06% due to these changes.

VGM ScoresCurrently, Baker Hughes has a nice Growth Score of B, though it is lagging a bit on the Momentum Score front with a C. Following the exact same course, the stock has a grade of C on the value side, putting it in the middle 20% for this investment strategy.

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 upward for the stock, and the magnitude of these revisions looks promising. Notably, Baker Hughes has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry PlayerBaker Hughes belongs to the Zacks Oil and Gas - Field Services industry. Another stock from the same industry, Halliburton (HAL - Free Report) , has gained 7.8% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026.

Halliburton reported revenues of $5.71 billion in the last reported quarter, representing a year-over-year change of +3.7%. EPS of $0.55 for the same period compares with $0.55 a year ago.

For the current quarter, Halliburton is expected to post earnings of $0.58 per share, indicating no change from the year-ago quarter. The Zacks Consensus Estimate has changed -0.5% over the last 30 days.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Halliburton. Also, the stock has a VGM Score of D.

3 Robotics Stocks Under $10: Value, Momentum, or Bet?onsemi NASDAQ: ON executives said demand conditions have improved across the company’s end markets, with automotive appearing to have reached a bottom in the first quarter and artificial intelligence data-center demand providing a significant source of growth.

Speaking at the Deutsche Bank Technology Conference, Chief Executive Officer Hassane El-Khoury said the company is now shipping to “natural demand” across its markets, which he characterized as an equilibrium rather than necessarily strong demand. He cited book-to-bill above parity, longer visibility into 2027 and, in some cases, 2028, and extending lead times as signs of improving market conditions.

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MarketBeat Week in Review – 08/03 - 08/07El-Khoury said onsemi has capacity in place and does not anticipate a major capital-expenditure cycle. However, he cautioned that a sharp demand recovery could create constraints, particularly in technologies shared by automotive and AI data-center customers. The company previously said it made allocation trade-offs between automotive and AI data-center demand in certain power technologies.

“If we get orders today and they need them in October, November, and you get a snapback of orders,” El-Khoury said, lead times could extend and allocation could return. He said such a scenario could be more challenging than the COVID-era shortage environment because AI data centers are now a major consumer of manufacturing capacity.

Utilization, inventory and pricing The AI Chip Stock Making a Quiet Move Toward DominanceChief Financial Officer Thad Trent said onsemi’s factory utilization rose to 83% in the most recent quarter from 68% at the end of last year. He said fully utilized operations would be in the 92% to 93% range. The company’s wafer-to-finished-product cycle time is typically four to six months, while inventory held in die banks can be launched into back-end production on a roughly two-week cycle.

Trent said channel inventory is within onsemi’s targeted range of 10 to 11 weeks. He added that automotive customers generally appear to have worked through inventory digestion, though some remain “dangerously low” on inventory. The company also described its balance-sheet inventory as healthy.

On pricing, Trent said onsemi implemented a first price action in April and is undertaking another round. He said the moves are primarily intended to pass through inflation-related input costs that have already affected the company’s profit and loss statement. The company is also selectively raising prices on constrained products and supply lanes.

AI data center and power infrastructure El-Khoury said onsemi’s AI data-center revenue is generated across the “power tree,” from high-voltage power products closer to the electrical plug through smart power stages near XPUs. The company raised its 2026 outlook for the business from doubling revenue year over year to more than doubling it, after the first two quarters exceeded its prior expectations.

The CEO said the business is diversified across customers and regions, while the company’s go-to-market strategy varies by the location of its products in the data-center power architecture. Products placed directly on boards generally involve engagements with hyperscalers or GPU and XPU vendors, while other power-conversion products are sold through power-system providers.

El-Khoury also highlighted a prospective transition to 800-volt architecture in data centers beginning around late 2027 or early 2028. He said onsemi has more than five years of experience with 800-volt systems in automotive and is sampling vertical gallium nitride, or GaN, products for both AI data-center and automotive uses.

According to El-Khoury, onsemi’s vertical GaN development was primarily organic, supplemented by a small tuck-in acquisition that added intellectual property. Its vertical GaN manufacturing facility is located in Syracuse, New York. The company also works with Innoscience and GlobalFoundries on lateral GaN, while developing controls and drivers internally through its Treo platform.

Beyond data-center walls, El-Khoury said energy infrastructure is benefiting from an “AI halo” tied to the buildout of AI computing infrastructure. He said onsemi’s energy-infrastructure business is growing 40% year over year and that secular applications represent about 60% of its industrial business. Areas cited included energy storage systems and solid-state transformers, which could gain electronics content as the industry moves toward 800-volt systems.

Automotive, robotics and Synaptics In automotive, El-Khoury said onsemi expects roughly 6% year-over-year growth despite vehicle production, or SAAR, being flat to slightly down. The company continues to target high-single-digit growth above SAAR through increased semiconductor content. He pointed to electrification, including plug-in hybrids using silicon carbide, as well as software-defined vehicle architectures and zonal systems.

The company said its Treo 65-nanometer mixed-signal analog platform supports products including automotive Ethernet connectivity, smart-power devices and controllers. El-Khoury said Treo-based products carry gross margins in the 60% to 70% range and that onsemi has discussed a $1 billion revenue target for the platform by 2030.

El-Khoury also described robotics as an existing growth area within physical AI, particularly factory automation and autonomous mobile robots. onsemi supplies power, sensing and control products, including ultrasonic, inductive and image sensors. He said humanoid robotics could see volume growth in one to two years, but is not expected to immediately outweigh existing robotics segments.

Regarding Synaptics, El-Khoury said the planned combination would add connected-compute capabilities to onsemi’s power, sensing and control portfolio. He said the companies expect the transaction to close in mid-2027 and that Synaptics also offers tactile-sensing technology relevant to robotics.

Margin outlook and capital spending Trent said onsemi’s near-term gross-margin recovery is expected to be driven chiefly by higher utilization. He estimated that each percentage point of utilization improvement contributes roughly 25 to 30 basis points of gross margin, and said under-absorption represented a 650-basis-point headwind in the second quarter.

He also cited approximately 200 basis points of potential benefit from manufacturing-footprint initiatives, 200 basis points from a favorable product mix including Treo-based products, and about 200 basis points as bridge inventory associated with prior fab divestitures is depleted and production is brought into onsemi’s own footprint.

The company said it completed its planned exit from $900 million of annualized low-margin business at the end of the second quarter. Trent said onsemi is now in maintenance mode for capital spending, with CapEx expected to remain at a mid-single-digit percentage of revenue for several years. He said revenue would need to increase about 30% from current levels before the company would need to consider adding manufacturing capacity.

About onsemi (NASDAQ:ON)onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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It has been about a month since the last earnings report for Cognizant (CTSH - Free Report) . Shares have added about 18.3% 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 Cognizant 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.

Cognizant Q2 Earnings Miss Estimates, Revenues Beat, Rise Y/YCognizant reported second-quarter 2026 adjusted earnings of $1.37 per share, up 4.6% year over year, but lagging the Zacks Consensus Estimate by 0.7%. Higher interest expense related to Astreya acquisition funding and share repurchases weighed on earnings.

Revenues of $5.48 billion increased 4.5% year over year and surpassed the consensus mark by 0.03%. The revenue figure reflected 4.1% growth in constant currency (cc). Financial Services revenues jumped 12% year over year, while trailing 12-month bookings rose 5% to $29.1 billion. This represented a book-to-bill ratio of approximately 1.3X. However, second-quarter bookings declined 6% year over year.

Cognizant signed seven deals with total contract values exceeding $100 million, including three new-logo contracts. Management noted stronger activity in the $25-million-to-$100-million deal range and said new and expansion bookings grew in the mid-teens during the first half.

CTSH’s Financial Services Momentum ContinuesFinancial Services revenues hit $1.73 billion, which reflected 11.7% growth at cc. Growth remained broad-based across banking, capital markets and insurance clients as large contracts moved into execution.

North American Financial Services revenues climbed 15.2% year over year to $1.26 billion. Europe and Rest of World revenues rose 4.1% and 4.5%, respectively. Management also highlighted demand for legacy modernization, data services and AI-led transformation.

Health Sciences revenues totaled $1.57 billion, up 1.4% year over year and 1% in cc. Demand remained cautious and cost-focused as clients prioritized vendor consolidation, compliance and modernization projects with measurable returns.

Products and Resources revenues rose 1.2% year over year to $1.32 billion, while growth at cc was 0.7%. Communications, Media and Technology revenues increased 1.5% year over year to $854 million, reflecting strength in technology customers despite muted demand across communications and media.

CTSH’s North American Business Leads GrowthNorth America revenues advanced 5.5% year over year to $4.13 billion, with the same growth rate at cc. Large-deal ramps, third-party product sales and demand for AI infrastructure supported performance in the region.

Europe revenues increased 2.5% year over year to $1.03 billion but rose only 0.8% in cc. Rest of World revenues declined 1.2% year over year to $327 million and fell 1.5% in cc. Third-party product sales contributed about 170 basis points (bps) to overall revenue growth.

CTSH’s Q2 Operating DetailsSelling, general & administrative expenses, as a percentage of revenues, contracted 220 bps year over year to 13.3%.

Total headcount at the end of the second quarter was 356,700, a decrease of 900 from March 31, 2026 and an increase of 12,900 from June 30, 2025.

Voluntary attrition - Tech Services on a trailing 12-month basis was 13% in the second quarter of 2026 compared with 12.3% and 12.6% for the periods ended March 31, 2026, and June 30, 2025, respectively.

Adjusted operating margin expanded 40 bps year over year to 16%. Operational efficiencies and favorable currency movements more than offset higher compensation, third-party costs and the impact of recent acquisitions.

CTSH’s Balance Sheet DetailsCTSH had cash and short-term investments of $1.05 billion as of June 30, 2026, compared with $1.52 billion as of March 31, 2026. As of June 30, 2026, the company had a total debt of $1.56 billion, up from $568 million reported as of March 31, 2026.

Operating cash flow increased to $558 million from $398 million a year earlier. Free cash flow rose to $459 million from $331 million, bringing the first-half total to $657 million.

Cognizant repurchased 22.5 million shares for $1.15 billion during the reported quarter and completed the $634-million Astreya acquisition. The company had $2.338 billion remaining under its repurchase authorization at the end of the reported quarter.

Cognizant Raises Earnings View, Trims Revenue OutlookFor the third quarter of 2026, Cognizant expects revenues between $5.60 billion and $5.68 billion. This implies reported growth of 3.4-4.9% and growth between 3.8% and 5.3% at cc, including an inorganic contribution of roughly 200 bps.

For 2026, the company now expects revenues of $22.04-$22.35 billion, representing growth between 4%-5.5% at cc. The revised range reflects continued pressure on discretionary spending. Adjusted operating margin guidance remains in the 16%-16.2% range, which reflects expansion between 20 bps and 40 bps.

Adjusted earnings guidance was raised to $5.70-$5.82 per share from $5.63-$5.77, implying growth of 8-10%. The increase reflects a lower expected share count following aggressive repurchases, partly offset by higher interest expense.

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

VGM ScoresCurrently, Cognizant has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with a D. However, the stock was allocated a score of A on the value side, putting it in the top quintile for value investors.

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

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

Performance of an Industry PlayerCognizant belongs to the Zacks Computers - IT Services industry. Another stock from the same industry, Roper Technologies (ROP - Free Report) , has gained 8.6% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026.

Roper Technologies reported revenues of $2.11 billion in the last reported quarter, representing a year-over-year change of +8.5%. EPS of $5.38 for the same period compares with $4.87 a year ago.

Roper Technologies is expected to post earnings of $5.79 per share for the current quarter, representing a year-over-year change of +12.7%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.1%.

Roper Technologies 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.

A month has gone by since the last earnings report for Old Dominion Freight Line (ODFL - Free Report) . Shares have lost about 5.8% in that time frame, underperforming the S&P 500.

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

Old Dominion Q2 Earnings Beat EstimatesOld Dominion reported second-quarter 2026 earnings of $1.68 per share, up 32.3% year over year. The figure beat the Zacks Consensus Estimate of $1.52 by 10.5%. Revenues rose 10.4% to $1.55 billion and inched past the consensus mark of $1.54 billion by 0.8%. The upside reflected stronger yield, with LTL revenue per hundredweight increasing 15.2%, despite lower freight volumes.

LTL services revenues increased 10.3% year over year to $1.54 billion. Other services revenues advanced 19.5% to $15.1 million, supporting broad-based top-line growth during the quarter. The revenue increase was primarily driven by pricing and mix. LTL revenue per hundredweight, excluding fuel surcharges, improved 5.5% from the year-ago period. Management linked the increase to its disciplined approach to yield management, which is intended to offset cost inflation and fund continued investment in capacity, technology and employees.

LTL tons per day declined 4.1% year over year to 31,804. The decrease reflected a 5.7% drop in LTL shipments per day to 42,332, partly offset by a 1.7% increase in LTL weight per shipment to 1,503 pounds.

LTL revenue per shipment climbed 17.2% to $568.55. Excluding fuel surcharges, revenue per shipment rose 7.2% to $446.44, helping offset weaker shipment activity. LTL intercity miles fell 4.8%, while the average length of haul edged down 0.3% to 909 miles.

Total operating expenses increased 3.7% year over year to $1.09 billion, a much slower pace than revenue growth. Salaries, wages and benefits rose 2.3% to $687.3 million, while operating supplies and expenses increased 24.7% to $177.7 million.

The operating ratio (operating expenses as a percentage of revenues) improved 450 basis points to 70.1%. Direct operating costs as a percentage of revenues improved 230 basis points. Overhead efficiency also benefited from $17.2 million in net gains on property and equipment disposals, supporting the year-over-year margin expansion.

Operating income surged 30% year over year to $465.3 million. Net income advanced 30.5% to $350.6 million, while the net margin expanded to 22.6% from 19.1% in the prior-year quarter. The company maintained high service quality, reporting 99% on-time service and a claims ratio of 0.1%. Management said improving demand trends, disciplined pricing and operational execution helped produce profitable revenue growth while preserving the company’s customer-service standards.

Net cash provided by operating activities was $272.7 million in the second quarter and $646.3 million for the first half of 2026. Capital expenditures were $77 million in the quarter and $139.6 million through the first six months.

Old Dominion ended June with $283.9 million in cash and cash equivalents, up from $120.1 million at the end of 2025. Total assets were $5.74 billion, while total shareholders’ equity reached $4.55 billion. Current maturities of long-term debt were $20 million and no long-term debt remained on the balance sheet.

Old Dominion Raises Capital Spending PlanThe company now expects 2026 capital expenditures of about $380 million (earlier guidance was for $265 million). The plan includes $180 million for real estate and service-center expansion, $155 million for tractors and trailers, and $45 million for information technology and other assets.

The updated spending plan is significantly higher than the $265 million anticipated after the first quarter. This increase primarily reflects additional planned investment in real estate, service centers, tractors and trailers.

During the first half of 2026, ODFL used $239.7 million for share repurchases and paid $120.7 million in cash dividends. Management said continued investment in its network and workforce should provide the capacity needed to support customers as freight demand evolves and position the company to pursue additional market share.

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

VGM ScoresCurrently, Old Dominion has a average Growth Score of C, a grade with the same score on the momentum front. However, the stock has a grade of F on the value side, putting it in the bottom 20% quintile for this investment strategy.

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

Performance of an Industry PlayerOld Dominion is part of the Zacks Transportation - Truck industry. Over the past month, Werner Enterprises (WERN - Free Report) , a stock from the same industry, has gained 4.5%. The company reported its results for the quarter ended June 2026 more than a month ago.

Werner reported revenues of $933.93 million in the last reported quarter, representing a year-over-year change of +24%. EPS of $0.22 for the same period compares with $0.11 a year ago.

For the current quarter, Werner is expected to post earnings of $0.39 per share, indicating a change of +1400% from the year-ago quarter. The Zacks Consensus Estimate has changed +12.1% over the last 30 days.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Werner. Also, the stock has a VGM Score of A.

Key Takeaways Carpenter Technology's $400M Athens project is on schedule and within budget for FY28.The expansion will add 9,000 tons of high-purity melt capacity, a 7% rise from FY19 shipments.CRS targets $1.2-$1.3B in FY29 operating income, up from $702M in FY26. Carpenter Technology’s (CRS - Free Report) brownfield expansion finished fiscal 2026 on schedule and within budget. The project is slated for completion by the start of fiscal 2028, accelerating CRS’s earnings growth profile.

The company is investing in a $400-million brownfield expansion project based in Athens. The project is aimed at adding high-purity primary and secondary melt capacity to the company’s existing downstream finishing assets, which will boost long-term growth.

The company is aiming to expand its capacity with a vacuum induction melting furnace, a crucial piece of equipment to manufacture high-purity specialty alloys. The brownfield capacity expansion project is designed to add 9,000 additional tons, marking a 7% rise from Carpenter Technology’s 2019 shipments.

The construction phase of the project is well underway with major equipment being delivered and installed. The company is focused on completing construction and preparing for a smooth startup of operations.

Carpenter Technology expects cash generation to further increase beyond fiscal 2027, driven by earnings expansion and profitability contributions from the brownfield project. CRS set a fiscal 2029 operating income target of $1.2-$1.3 billion, suggesting a solid jump from the $702 million reported in fiscal 2026. The upside will be fueled by both a robust underlying demand environment and the added capacity from the brownfield expansion. The company projects growth beyond fiscal 2026 as the brownfield project will still ramp up production amid a growing underlying demand environment.

Growth Strategies by Other Steel StocksCommercial Metals Company’s (CMC - Free Report) Transform, Advance, Grow Program focuses on driving higher through-the-cycle margins, earnings, cash flows and ROIC. Commercial Metals expects an annualized EBITDA benefit of $150 million in fiscal 2026 from the program.

Launched in 2024, the TAG program aims to drive consistency across all areas of the business for Commercial Metals. The program is designed to optimize logistics, reduce input consumption, lower costs and boost energy efficiency.

Cleveland-Cliffs Inc. (CLF - Free Report) is investing $1 billion to modernize its Middletown Works facility in Ohio, supported by a $500-million award from the U.S. Department of Energy (“DOE”). Cleveland-Cliffs and the DOE will each fund $500 million of the project. The investment is expected to be deployed over the next four years while maintaining uninterrupted steel production at the facility. The project represents a rescoping of Cleveland-Cliffs’ previously planned decarbonization initiative at Middletown Works.

CRS’s Price Performance, Valuations & EstimatesCarpenter Technology’s shares have surged 97.5% over the past year compared with the industry’s growth of 83.8%. In comparison, the Zacks Basic Materials sector and the S&P 500 have returned 37.1% and 22.4%, respectively.

Image Source: Zacks Investment Research

CRS is currently trading at a forward price/sales ratio of 6.87 compared with the industry's 2.69.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for fiscal 2027 sales is pegged at $3.04 billion, indicating an 8.8% year-over-year jump. The consensus mark for the year’s earnings is pegged at $13.08 per share, indicating a year-over-year rise of 21%.

The Zacks Consensus Estimate for fiscal 2028 sales implies 8.4% year-over-year growth, and the same for earnings suggests a rise of 19.4%.

EPS estimates for fiscal 2027 and 2028 have moved north over the past 60 days.

Image Source: Zacks Investment Research

CRS currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

A month has gone by since the last earnings report for Insperity, Inc. (NSP - Free Report) . Shares have lost about 4.1% 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 Insperity due for a breakout? 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.

Insperity Q2 Earnings Beat EstimateInsperity reported impressive second-quarter 2026 results, with earnings and revenues beating the Zacks Consensus Estimate.

NSP reported adjusted earnings of 34 cents per share in the second quarter of 2026, up 31% year over year and surpassing the Zacks Consensus Estimate of 33 cents by 3.0%. Revenues increased 2% to $1.69 billion and beat the consensus mark of $1.67 billion by 0.5%.

Results benefited from lower operating expenses and progress across the company’s margin recovery initiatives. However, average paid worksite employees, or WSEEs, declined 1% to 305,764, partly offsetting higher pricing and revenue per employee.

NSP Advances Margin Recovery PlanAdjusted EBITDA rose 13% year over year to $36 million. Reported net income improved to $4 million from a loss of $5 million in the prior-year quarter, whereas diluted earnings were 10 cents per share against a loss of 14 cents.

Management said that all three components of its recovery plan contributed to the quarterly results. These included pricing and client retention actions, benefit plan and policy changes, and operating expense management. The company expects the cumulative impacts of these measures to support a significant profit recovery during 2026.

Insperity's Unit Economics Remain PressuredRevenues per WSEE per month increased 3% to $1,838, reflecting higher pricing. Gross billings per WSEE rose to $11,895 from $11,385, while payroll cost per WSEE increased to $10,057 from $9,597.

Despite the pricing gains, gross profit declined 3% to $217 million. Gross profit per WSEE slipped 1% to $237 as benefit costs per covered employee increased 5%. The higher benefit expenses continued to pressure unit profitability, even as pricing helped support top-line growth.

NSP Reduces Expenses & Workday CostsOperating expenses decreased 8% year over year to $211 million. Salaries, wages and payroll taxes declined 11% to $115 million, while stock-based compensation fell 35% to $13 million. These reductions more than offset a 27% increase in advertising expenses to $14 million.

The quarter included $8 million in costs related to Insperity’s strategic partnership with Workday, down from $14 million a year earlier. Lower partnership spending and broader expense discipline helped the company generate operating income of $6 million against an operating loss of $7 million in the prior-year period.

Insperity's 1H Results Stay MixedFor the first six months of 2026, revenues increased 2% to $3.58 billion as revenues per WSEE advanced 3%. Average paid WSEEs declined 1% to 304,407, reflecting continued softness in employee volumes.

First-half adjusted EBITDA increased 4% to $139 million, but adjusted earnings declined 10% to $1.64 per share. Gross profit fell 3% to $519 million, while adjusted operating expenses decreased 6% to $442 million. Reported net income declined 20% to $37 million, partly reflecting higher income tax expenses.

NSP Maintains Liquidity While Returning CashInsperity ended June with $95 million of adjusted cash, cash equivalents and marketable securities, up from $57 million at the end of 2025. In the second quarter, the company borrowed $50 million for working capital purposes, bringing outstanding credit-facility borrowings to $420 million.

Cash outlays during the first six months included $46 million in dividends and $13 million in capital expenditure. NSP also repurchased approximately 172,000 shares for $4 million, maintaining shareholder distributions while continuing to fund operating and technology priorities.

Insperity Sets Q3 & 2026 GuidanceFor the third quarter of 2026, management expects average paid WSEEs of 305,500-307,500, indicating a year-over-year decline of 1.7-2.3%. The adjusted bottom line is projected between a loss of 9 cents and earnings of 41 cents per share, while adjusted EBITDA is anticipated to be $14-$41 million.

For 2026, Insperity updated the average paid WSEEs forecast to 305,000-307,000 from the preceding quarter’s view of 303,000-307,000. It marks a decline of 1-1.6% from the 1-2.3% given during the first quarter of 2026.

Adjusted earnings are updated to $1.88-$2.43 per share from the first-quarter 2026 view of $1.6-$2.6, with a revised adjusted EBITDA expectation of $185-$225 million compared with the preceding quarter’s view of $170-$230 million. Management plans to focus on its refined sales approach, HRScale development and artificial intelligence initiatives as it works to restore growth momentum.

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

The consensus estimate has shifted 50% due to these changes.

VGM ScoresAt this time, Insperity has a great Growth Score of A, though it is lagging a bit on the Momentum Score front with a B. Charting a somewhat similar path, the stock has a grade of A on the value side, putting it in the top quintile for value investors.

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

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

Performance of an Industry PlayerInsperity belongs to the Zacks Staffing Firms industry. Another stock from the same industry, ManpowerGroup (MAN - Free Report) , has gained 19.9% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026.

Manpower reported revenues of $4.86 billion in the last reported quarter, representing a year-over-year change of +7.5%. EPS of $0.99 for the same period compares with $0.78 a year ago.

For the current quarter, Manpower is expected to post earnings of $1.01 per share, indicating a change of +21.7% from the year-ago quarter. The Zacks Consensus Estimate has changed -1% over the last 30 days.

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

A month has gone by since the last earnings report for Tenable (TENB - Free Report) . Shares have added about 15.6% 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 Tenable due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important drivers.

TENB Q2 Earnings Beat on Tenable One Momentum, Outlook RaisedTenable Holdings reported strong second-quarter 2026 results, with non-GAAP earnings of 51 cents per share, up 50% year over year. The figure beat the Zacks Consensus Estimate of 47 cents by 8.51%. Revenues rose 8.6% year over year to $268.5 million and surpassed the consensus mark of $265 million by 1.32%.

Results were driven by record adoption of the Tenable One platform, which represented 50% of new business during the quarter, up from 40% in the year-ago period.

TENB Benefits From Platform AdoptionRevenue growth was supported by strong expansion within existing accounts and continued strength in renewals. Professional services also contributed ahead of expectations. Recurring revenues remained high at 95% of total revenues compared with 96% in the year-ago period.

Tenable continued expanding its customer base, adding 381 new enterprise platform customers during the quarter, along with 32 net new six-figure customers. The net dollar expansion rate improved to 106% from 105% in the prior quarter, marking the first quarter-over-quarter increase in the metric since the first quarter of 2022.

Tenable Sees AI as a Long-Term TailwindThe heightened AI-driven threat environment following the Mythos development is accelerating customer demand for exposure management platforms capable of prioritizing and remediating cyber risk at speed. Tenable Hexa AI, the company's agentic engine within Tenable One, saw strong early traction, with more than 80% of users submitting prompts and nearly half using it to take action rather than simply consume information.

The company also expanded its Tenable One AI Exposure offering to include coverage for Gemini alongside existing coverage for Claude, ChatGPT and Copilot. Tenable deepened its partnerships with Anthropic through Project Glasswing and with OpenAI through its Daybreak Cyber Partner Program during the quarter.

TENB Maintains Healthy ProfitabilityNon-GAAP gross margin was 81.4% compared with 82% in the year-ago period, within the company's typical historical range. Non-GAAP operating income increased 38.8% year over year to $66.2 million. The non-GAAP operating margin expanded 540 basis points to 24.7%.

GAAP income from operations was $12.4 million compared with a loss of $7.4 million in the year-ago quarter, while GAAP operating margin was 4.6% versus negative 3% a year earlier.

Tenable Generates Strong Cash FlowThe company ended the quarter with $298.2 million in cash and short-term investments, down from $360.3 million as of March 31, 2026, primarily reflecting share repurchase activity.

Long-term debt was $353 million, down slightly on a sequential basis from $353.6 million as of March 31, 2026. Unlevered free cash flow was $45.3 million, or 16.9% of revenues compared with $44.3 million in the year-ago quarter. During the quarter, Tenable repurchased 5.2 million shares for $100 million and had $108 million remaining under its existing authorization.

How Have Estimates Been Moving Since Then?It turns out, estimates revision have trended upward during the past month.

VGM ScoresCurrently, Tenable has a great Growth Score of A, though it is lagging a lot on the Momentum Score front with a D. Following the exact same course, the stock was allocated a score of D on the value side, putting it in the bottom 40% for this investment strategy.

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 trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Tenable has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry PlayerTenable is part of the Zacks Internet - Software industry. Over the past month, F5 Networks (FFIV - Free Report) , a stock from the same industry, has gained 5.5%. The company reported its results for the quarter ended June 2026 more than a month ago.

F5 reported revenues of $865.08 million in the last reported quarter, representing a year-over-year change of +10.9%. EPS of $4.73 for the same period compares with $4.16 a year ago.

For the current quarter, F5 is expected to post earnings of $4.24 per share, indicating a change of -3.4% from the year-ago quarter. The Zacks Consensus Estimate has changed +0.2% over the last 30 days.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for F5. Also, the stock has a VGM Score of D.

It has been about a month since the last earnings report for Blackbaud (BLKB - Free Report) . Shares have added about 21.2% 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 Blackbaud due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important drivers.

BLKB Q2 Earnings Beat on Gross Margin Gain, Revenues Miss

Blackbaud reported non-GAAP earnings for the second quarter of 2026 of $1.33 per share, up 9.0% year over year. The figure beat the Zacks Consensus Estimate of $1.32 by 0.76%, aided by a higher non-GAAP gross margin and a lower diluted share count.

Revenues of $290.6 million rose 3.0% but missed the consensus mark of $292 million by 0.54%. Contractual and transactional recurring revenues increased, while one-time services declined. Recurring revenues grew 3.3% to $285.3 million and represented 98.2% of total revenues.

BLKB's Recurring Streams Drive Growth

Contractual recurring revenues increased $6.2 million to $186.4 million. Pricing initiatives and demand for cloud solutions supported the increase. Transactional recurring revenues advanced $2.8 million to $98.9 million, helped by higher volumes for Blackbaud Integrated Payments and Blackbaud Tuition Management.

One-time services and other revenues fell to $5.3 million from $5.8 million. Geographically, U.S. revenues reached $234.0 million, while revenues from the United Kingdom and other countries were $37.0 million and $19.6 million, respectively.

Blackbaud's Gross Margin Expands

GAAP cost of revenues declined 1.1% to $112.4 million. The GAAP gross margin expanded 160 basis points to 61.3%, reflecting higher revenues, lower contractor costs and reduced amortization of acquisition-related intangibles, partly offset by increased hosting and data-center costs.

The non-GAAP gross margin improved 70 basis points to 64.2%. However, non-GAAP operating income slipped to $94.6 million from $95.0 million, while the related margin contracted 110 basis points to 32.6% as spending on marketing, research and internal software increased.

BLKB's AI Pipeline Deepens

The fundraising Development Agent reached general availability ahead of schedule. Blackbaud also announced four additional Agents for Good offerings covering data health, admissions, digital marketing and accounts payable. The company said these products are not expected to make a meaningful revenue contribution in 2026.

More than half of Raiser’s Edge NXT customers use machine-learning-enabled donor prospecting, generating tens of billions of predictions annually. Management also cited competitive wins and returning customers as evidence that product innovation is supporting bookings and win rates.

Blackbaud's Cash Flow Backs Buybacks

Second-quarter operating cash flow increased $24.1 million to $91.1 million. Non-GAAP free cash flow rose $23.8 million to $75.3 million, with the free cash flow margin improving 760 basis points to 25.9%.

During the first half, BLKB repurchased 2.4 million shares for $110.1 million. Including net share settlement of employee awards, repurchase activity represented 6.2% of the shares outstanding on Dec. 31, 2025. Weighted average diluted shares fell 7.0% year over year to 44.9 million.

BLKB Reaffirms 2026 Outlook

Blackbaud reaffirmed 2026 revenue guidance of $1.173-$1.179 billion, adjusted EBITDA of $430-$438 million, non-GAAP earnings of $5.15-$5.25 per share and free cash flow of $280-$290 million. Management expects results in the upper half of all four ranges, with earnings and free cash flow at or above the high end.

Performance is expected to be weighted toward the second half, particularly the fourth quarter. A new platform fee should contribute to that weighting. The roughly 40% larger contractual renewal cohort is expected to reduce 2026 revenue growth by 0.5-0.75 percentage points.

Blackbaud's Contract Base Adds Visibility

Gross dollar retention was approximately 91% for the 12 months ended June 30. Roughly 90% of contractual recurring revenues are tied to contracts of three years or longer, while 25% are associated with terms of at least four years.

Deferred revenues increased 9.3% from year-end to $406.4 million. Remaining performance obligations totaled about $1.6 billion, with approximately 45% expected to be recognized over the next 12 months. Blackbaud ended the quarter with $34.4 million in cash, $1.15 billion in debt and a net leverage ratio of 2.58.

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

VGM ScoresAt this time, Blackbaud has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with a D. However, the stock was allocated a grade of A on the value side, putting it in the top quintile for value investors.

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

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

Performance of an Industry PlayerBlackbaud is part of the Zacks Computer - Software industry. Over the past month, Commvault Systems (CVLT - Free Report) , a stock from the same industry, has gained 20.6%. The company reported its results for the quarter ended June 2026 more than a month ago.

Commvault reported revenues of $314.13 million in the last reported quarter, representing a year-over-year change of +11.4%. EPS of $1.42 for the same period compares with $1.01 a year ago.

For the current quarter, Commvault is expected to post earnings of $1.25 per share, indicating a change of +37.4% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.5% over the last 30 days.

Commvault 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 bought a new position in shares of Matson, Inc. (NYSE:MATX – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 263,418 shares of the shipping company’s stock, valued at approximately $50,637,000. Bank of New York Mellon Corp owned approximately 0.87% of Matson at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Danske Bank A S acquired a new position in shares of Matson during the fourth quarter worth about $25,000. SouthState Bank Corp purchased a new position in Matson in the fourth quarter worth approximately $31,000. Headlands Technologies LLC purchased a new position in Matson in the second quarter worth approximately $28,000. EverSource Wealth Advisors LLC grew its holdings in Matson by 57.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 258 shares of the shipping company’s stock worth $32,000 after acquiring an additional 94 shares in the last quarter. Finally, Torren Management LLC acquired a new position in Matson during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 84.76% of the company’s stock.

Insider Transactions at Matson In related news, EVP Christopher A. Scott sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $219.90, for a total transaction of $131,940.00. Following the transaction, the executive vice president owned 9,354 shares in the company, valued at $2,056,944.60. This trade represents a 6.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Leonard P. Isotoff sold 1,250 shares of Matson stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $208.30, for a total value of $260,375.00. Following the transaction, the senior vice president directly owned 6,527 shares in the company, valued at approximately $1,359,574.10. This trade represents a 16.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 15,262 shares of company stock worth $3,223,716. Insiders own 2.51% of the company’s stock.

Analyst Ratings Changes A number of equities research analysts have recently weighed in on the stock. Stephens raised their price objective on shares of Matson from $240.00 to $260.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. JPMorgan Chase & Co. increased their target price on Matson from $230.00 to $270.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Wall Street Zen lowered Matson from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Zacks Research upgraded Matson from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings raised Matson from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $232.33. Get Our Latest Analysis on MATX

Matson Trading Up 0.3% Shares of Matson stock opened at $222.37 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.11. The company has a fifty day simple moving average of $208.72 and a 200-day simple moving average of $185.44. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of 14.86 and a beta of 1.27. Matson, Inc. has a 12-month low of $86.97 and a 12-month high of $230.74.

Matson (NYSE:MATX – Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The shipping company reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $0.48. Matson had a net margin of 13.41% and a return on equity of 16.94%. The firm had revenue of $969.40 million during the quarter, compared to analysts’ expectations of $893.91 million. During the same period in the previous year, the company earned $2.92 earnings per share. Matson’s quarterly revenue was up 16.7% compared to the same quarter last year. On average, equities analysts forecast that Matson, Inc. will post 16.01 EPS for the current fiscal year.

Matson Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 6th will be given a $0.38 dividend. This is a boost from Matson’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.7%. Matson’s payout ratio is currently 10.16%.

Matson Profile (Free Report)

Matson, Inc (NYSE: MATX) is a U.S.-based provider of ocean transportation and supply chain logistics services with a focus on Pacific trade lanes. The company operates a fleet of container ships that regularly service Hawaii, Alaska, Guam, Micronesia and other Pacific islands, as well as mainland U.S. ports. Matson’s ocean transportation segment offers scheduled liner services, expedited shipping options and specialized project cargo handling for industries ranging from retail to heavy machinery.

In addition to its core liner operations, Matson offers ocean transportation services between Asia and the U.S.

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Every financial revolution needs foundational infrastructure. For DeFi, that infrastructure is Chainlink.

From the experimentation of DeFi Summer to the institutional-grade applications of today, Chainlink has been a constant driver of innovation for the onchain finance economy. Beyond providing critical infrastructure, Chainlink is widely credited as a primary driver of DeFi’s growth to more than $200 billion TVL. The launch of Chainlink Price Feeds in 2019 enabled DeFi protocols such as Aave to launch secure markets that could safely scale from a few million to tens of billions of dollars in net deposits. 

Today, Chainlink powers approximately 70% of the global DeFi market, including 80% of Ethereum DeFi and 90% of DeFi on leading layer-2 networks. Chainlink has enabled tens of trillions of dollars in transaction value, including trillions of dollars in deposits and borrows for lending platforms like Aave.  

Since establishing the industry’s most secure and reliable oracle networks for market data, Chainlink has expanded into a unified platform of services spanning data, interoperability, compliance, privacy, and orchestration. The platform is now being used by the world’s largest DeFi applications to support innovative use cases across lending, derivatives, insurance, prediction markets, stablecoins, and more. 

In this collection, you’ll find major Chainlink DeFi integrations and announcements across some of the largest DeFi protocols and ecosystems in the industry. 

Lending & BorrowingDecentralized finance (DeFi) lending protocols allow users to lend or borrow assets using smart contracts, relying on Chainlink's decentralized market data to accurately price assets, calculate loan health, and trigger liquidations.

Aave Aave is the largest DeFi protocol with tens of billions in net deposits, over a trillion dollars in all-time loans, and a majority of active loan market share. Chainlink provides Aave with the data, interoperability, and orchestration capabilities that power every Aave lending market across 20+ blockchains. Since its original launch in 2020, Aave has been fully powered by Chainlink, with every lending market deployment secured by Chainlink decentralized oracle networks. As Aave has expanded across chains and market verticals, its adoption of Chainlink has continued beyond price data to provide the foundational infrastructure that powers Aave. 

Data Feeds: The primary source of data on Aave that enables: 
Valuing collateral and debt in real time, which determines how much a user can borrow against deposited assets. Triggering and pricing liquidations when positions become undercollateralized, protecting against protocol insolvency.Minimizing manipulation and outage risk by using decentralized, aggregated data.Smart Value Recapture: Recaptures liquidation MEV through a decentralized network of liquidators, converting oracle-related value into protocol revenue across chains. Since Aave integrated SVR, it has recaptured tens of millions of dollars and generated additional Aave DAO revenue. "This Chainlink SVR integration increases revenue for the DAO, strengthening the Aave ecosystem." — Stani Kulechov, Aave Labs FounderLink to the announcement. 

SmartData: Powers Aave Horizon to enable institutional investors to borrow against tokenized real-world assets. By securing its lending markets with high-quality Chainlink data infrastructure, Aave Horizon can support overcollateralized stablecoin loans onchain against U.S. Treasuries, credit, and equities as collateral.
Link to the announcement.

CRE: Powers automated governance and treasury operations across all chains where Aave is deployed.  CCIP: Enables Aave's stablecoin GHO to be natively available on Coinbase’s L2 Base network, with all cross-chain transfers secured by Chainlink CCIP. Since adopting the CCIP-powered Cross-Chain Token (CCT) standard, Aave’s GHO has grown over 925% to hundreds of millions in circulating value.

ACE: Powers a modular compliance layer that verifies policy and identity data at the transaction level, allowing Aave Horizon to enforce issuer and regulatory standards onchain for tokenized RWAs.

KaminoKamino, the largest DeFi lending protocol on Solana, leverages Chainlink to obtain the financial market data required to securely price loans and liquidate at-risk positions.

Data Streams: Enhance the performance, reliability, and security of Kamino markets by enabling accurate loan and liquidation calculations. Kamino also integrated xStocks by leveraging the Chainlink data standard to unlock tokenized equities lending. xStocks’ tokens can now be used as collateral for borrowing on Kamino’s xStocks Market, powered by Chainlink Data Streams’ custom solution that delivers reliable market data.

Link to the announcement. 

Compound FinanceCompound, a DeFi lending market protocol, leverages Chainlink to underpin institutional-grade lending markets on Compound v3 and v4 with secure price data and verifiable risk controls. 

Data Feeds: Provides a reliable source of pricing data that enables Compound to securely support multiple collateral types such as tokenized treasuries, equities, and structured products. Smart Value Recapture: Enables Compound to recapture liquidation-related OEV and redirect value back to the protocol.
Link to the announcement. 

Maple FinanceOnchain asset manager Maple Finance leverages the Chainlink interoperability standard to accelerate the expansion of syrupUSDT and syrupUSDC.

CCIP: Enables billions of dollars worth of syrupUSDC to be natively transferable across Ethereum and Solana.Chainlink enables users to natively mint the yield-bearing stablecoin on Solana, expanding Maple’s multi-chain reach and advancing its mission to deliver institutional-grade yield to onchain borrowers.

syrupUSDC is the top token transferred via CCIP with billions of dollars in volume.

“Expanding to Solana unlocks a high-speed, high-capacity environment where Maple’s products can reach a broader class of users — from institutions to advanced DeFi participants,” said Sid Powell, CEO and Co-Founder of Maple. “With syrupUSDC now native to Solana, we're delivering yield, capital efficiency, and liquidity to one of the largest stablecoin ecosystems in crypto.”
Link to the announcement. 

SparkSpark Protocol, a lending market deployed by the Sky ecosystem, leverages the Chainlink data standard to underpin lending and borrowing services with secure, high-quality data. 

Price Feeds: Powers the USDS/USD, ETH/USD, and stETH/USD feeds to increase the speed at which new markets are launched within the Sky ecosystem."The integration of Chainlink Price Feeds was essential to bringing Spark Protocol online in a timely manner. We feel there is mutual benefit in continuing to build a relationship with Chainlink. Spark is all about openness and collaboration." — Sam MacPherson, CEO of Phoenix LabsLink to the announcement. 

JupiterJupiter, a leading DeFi protocol on Solana, leverages Chainlink to enhance its onchain perp markets and secure short-term crypto markets on Jupiter Prediction Markets. 

Data Streams: Jupiter leverages Data Streams to deliver low-latency market data to strengthen its perps market and power 5-minute & 15-minute prediction markets for BTC, ETH, and SOL on Jupiter Prediction Markets. Link to the announcement.  

Tydro  Tydro, the largest lending protocol on Ink, deprecated its legacy oracle solution and officially migrated to Chainlink to secure its lending markets.

Data Streams: Delivers tamper-resistant, highly accurate market prices that are continuously updated and resilient to manipulation, to secure all current and future lending markets on Tydro.Link to the announcement. 

DerivativesOnchain derivatives are financial contracts, such as futures or options, whose value is derived from underlying assets, utilizing Chainlink’s low-latency, manipulation-resistant market data to accurately price assets, settle contracts, and ensure continuous protocol solvency. 

LighterLighter, a leading perp DEX and the biggest ZK-based Ethereum rollup, leverages Chainlink Data Streams as its official oracle solution powering its RWA markets.

Chainlink Data Streams: Delivers high-fidelity pricing data for RWA markets, including commodities, equities, and FX. This pricing data powers critical protocol operations, such as triggering liquidations, calculating margin consumption, and triggering conditional/limit orders.Link to the announcement. 

GMX GMX, a decentralized perpetual exchange, integrated Chainlink Data Streams for secure financial market data to support perpetuals, swaps, and liquidity.

Data Streams: Enables sub-second pricing updates and fast onchain transaction execution to power high-speed markets on its decentralized perpetual exchange.

Link to the announcement.

Chainlink 24/5 Equity Streams: Enables extended execution of equity perp markets beyond traditional market hours.

“We’re excited to expand our partnership with Chainlink as Lighter’s official oracle solution for RWA markets by integrating 24/5 U.S. Equities Streams. This enables us to extend our fair, low-latency perp execution beyond regular market hours without compromising data integrity.” — Vladimir Novakovski, Founder & CEO, Lighter

Link to the announcement.

ApeX ExchangeApeX Exchange, a decentralized derivatives exchange, integrated Chainlink to power and secure its RWA perpetuals. 

Data Streams: Delivers low-latency market data for tokenized real-world assets, enabling users to trade RWA markets across Arbitrum, Base, BNB Chain, Ethereum, and Mantle. "Bringing tokenized real-world asset markets on-chain is a major milestone for ApeX Exchange, and Chainlink Data Streams is the critical infrastructure making it possible. By integrating low-latency and highly reliable RWA pricing data across five chains, we’re setting the stage for a new era of decentralized RWA trading. ApeX delivers a solution that meets the needs of traders seeking exposure across both crypto and real-world asset markets." — Leon, Co-Founder, ApeX.
Link to the announcement.  

Chainlink 24/5 Equity Streams: Unlock institutional-grade onchain equity perps with enhanced risk controls such as liquidations and margin management. “Chainlink’s 24/5 U.S. Equities Streams unlock the ability to offer equity perps with institutional-grade risk controls. Continuous coverage paired with rich market metadata allows ApeX to manage margining and liquidations more accurately across pre-market, post-market, and overnight trading.” — Hamza, Marketing Lead, ApeXLink to the announcement.

MYX Finance MYX Finance, a permissionless perpetual trading platform, integrated Chainlink to power secure and efficient perp markets across all EVM-support chains. 

DataLink: Enables permissionless perpetual market listings on the MYX platform.  Data Streams: Delivers institutional-grade, low-latency market data that supports next-generation perpetual markets. Link to the announcement.

Price Feeds: Powers secure perp trading markets before tokens are listed on centralized exchanges. Link to the announcement. 

Prediction MarketsPrediction markets enable users to trade the outcomes of real-world events, relying on Chainlink to securely connect smart contracts to real-world data sources so markets resolve accurately and transparently without a single point of failure.

PolymarketPolymarket, the leading onchain prediction markets platform, partnered with Chainlink to unlock high-speed crypto markets and enhance resolution accuracy. 

Data Streams: Deliver verifiable, low-latency oracle reports to enable near-instantaneous resolution and instant payouts of asset pricing markets
Polymarket’s Chainlink-powered 5-minute, 15-minute, and 4-hour crypto prediction markets have reached billions in trading volume.

Link to the announcement.

ADI Predicstreet ADI Predictstreet, the first-ever Official Prediction Market Partner of the FIFA World Cup 2026™, adopted Chainlink's orchestration standard to enable accurate sports markets and unlock instant payouts for over 6 billion fans worldwide.

CRE: Enables Predictstreet to automate market creation, resolution, and settlement, with high-quality FIFA data.Link to the announcement.

World  World, the premier prediction market on Solana, adopted Chainlink as its primary oracle infrastructure to unlock immediate resolutions & instant payouts.

World is actively expanding its Chainlink-powered markets across:

• Macro and Markets: Interest rates, inflation, GDP, employment, equities, commodities, and FX

• Major Sports: NBA, NFL, MLB, NHL, tennis, golf, MMA, and more

• Elections: U.S. and International 

CRE: Enables World’s prediction markets to settle rapidly with deterministic outcome resolution.Data Streams: Delivers fast, accurate data to power high-performance crypto prediction markets on World.Link to the announcement. 

MyriadMyriad adopted Chainlink as the official oracle platform to power new crypto prediction markets.

CRE: Powers a unified orchestration layer to automate market creation, resolution, and settlement for Myriad’s prediction markets.Data Streams: Delivers fast, accurate data to power high-performance prediction markets on Myriad.Link to the announcement. 

Predict.fun  Predict.fun adopted Chainlink as core infrastructure to power high-speed crypto prediction markets. 

CRE: Automates the market creation and lifecycle management required to operate Predict.fun prediction markets. DataLink: Delivers data from Binance’s order books to Predict.fun. Link to the announcement. 

Opinion Labs Opinion Labs, a prediction market, leverages Chainlink for real-time equity data to power new prediction markets.

Chainlink 24/5 Equity Streams: Delivers real-time equity data to enable accurate settlement and enhanced resolutions for always-on equity-focused prediction markets. 

Link to the announcement.

Limitless  Limitless, the largest prediction market on Base, adopted Chainlink as its oracle infrastructure to unlock high-speed prediction markets. 

Data Streams: Delivers fast, accurate data to power high-speed resolution for short-term, high-volume crypto markets and enables instant payouts on Limitless.Link to the announcement. 

Stablecoins & PaymentsStablecoins provide a medium of exchange that forms the backbone of global onchain payments, with Chainlink providing price data and enhanced utility by continuously verifying offchain fiat collateral balances, unlocking DeFi utility, and securely processing cross-chain payments. 

World Liberty Financial World Liberty Financial adopted Chainlink interoperability standard to power cross-chain transfers of its $4B+ USD1 stablecoin.  

CCIP: Enables builders to access USD1 across chains for onchain payments, lending markets, and other DeFi applications.CRE: Continuously pulls reserve data from BitGo, verifies it, and delivers it onchain. Price Feeds: Deliver secure, reliable market data to enable the launch of WLFI's Aave V3 instance. Proof of Reserve: Enhances the transparency around the collateral backing USD1.  Link to the announcement. 

PaxosPaxos, a leading tokenization platform, adopted Chainlink to accelerate the adoption of PayPal USD (PYUSD), PayPal’s USD-backed stablecoin issued by Paxos, by increasing its utility across DeFi. 

Price Feeds: Delivers secure market data around the PYUSD stablecoin, enabling developers to integrate the stablecoin using accurate, reliable, and decentralized market data for PYUSD onchain. Link to the announcement. 

Ripple  Ripple adopted the Chainlink standard to enhance RLUSD utility and expand access in the multi-chain DeFi ecosystem. 

Price Feeds: Delivers secure, reliable pricing data for RLUSD to support trading, lending, and integrations into DeFi applications. “As RLUSD scales across DeFi ecosystems, reliable and transparent pricing is essential to maintaining stability and building trust in its utility within decentralized markets. By leveraging the Chainlink standard, we bring trusted data onchain, further strengthening RLUSD’s utility across both institutional and decentralized applications.” — Jack McDonald, SVP, Stablecoin at RippleLink to the announcement. 

United Stables Following a security review, United Stables adopted Chainlink as its official data oracle and cross-chain infrastructure to expand the distribution of the U stablecoin across DeFi and deliver institutional-grade security for the United Stables ecosystem.

Data Feeds: Delivers highly accurate, decentralized market data to enhance the utility of U across leading lending protocols.Proof of Reserve: Provides automated, cryptographic verification of underlying collateral to ensure near-real-time balance sheet transparency for United Stables.Link to the announcement. 

KRWQ KRWQ, the world’s largest Korean Won stablecoin from IQ and Frax, adopted Chainlink to unlock automated reserve verifications for its stablecoin. 

Proof of Reserve: Enhances transparency into the offchain reserves backing its Korean won stablecoin, accelerating its distribution across the onchain economy.Link to the announcement. 

Tokenized Real-World Assets Tokenized real-world assets represent traditional assets onchain, enabling them to interact with smart contracts and decentralized applications. Chainlink provides the infrastructure needed to connect these tokenized assets with the data and systems they depend on, including reliable market data, verification of underlying reserves, and secure interoperability across blockchains and existing financial systems.

Coinbase Coinbase, the leading publicly-listed firm for digital assets, is leveraging Chainlink to transfer all Coinbase Wrapped Assets across chains and to bring its premium exchange data onchain for the first time. 

CCIP: Serves as the exclusive bridging solution for all Coinbase Wrapped Assets, enabling cross-chain transfers and expansion.Coinbase Wrapped Assets, which include cbBTC, cbETH, cbDOGE, cbLTC, cbADA, and more, currently have an aggregate market cap exceeding billions.

"We chose Chainlink because they are an industry leader for cross-chain connectivity. Their infrastructure provides a reliable means to expand Coinbase Wrapped Asset offerings." — Josh Leavitt, Senior Director, Product Management at Coinbase.‍
Link to the announcement. 

DataLink: Delivers Coinbase’s premium exchange data underpinning billions in trading activity onchain.With DataLink, protocols can now access a wide range of Coinbase's premium datasets directly onchain, including:

Order book dataSpot pricesPerpetual futures data, including from Coinbase International ExchangeE-mini futures dataAdditional datasets spanning crypto, metals, energy, and equity futures via Coinbase Derivatives Exchange

Link to the announcement.

Robinhood Chain Robinhood Chain, Robinhood's Ethereum-based layer 2 blockchain, adopted Chainlink as its official data and cross-chain oracle infrastructure powering Robinhood Chain and all Robinhood-issued assets, including Stock Tokens like NVDA, GOOG, AAPL, and more.

By leveraging Chainlink, Robinhood Chain unlocked native connectivity across chains, enabling users to access highly secure real-world assets at scale.

CCIP: Unlocks secure cross-chain connectivity for Robinhood assets across the multi-chain ecosystem.Data Feeds: Powers fast, secure, and accurate pricing for Robinhood Stock Tokens. Link to the announcement. 

Ondo   Ondo, a leading RWA tokenization, selected Chainlink as its official data oracle to accelerate the adoption of tokenized stocks and ETFs. 

Price Feeds: Delivers custom tokenized equity market data that captures all economic and corporate action events, such as dividends, delivering comprehensive valuations directly onchain.
“With the recent launch of Ondo Global Markets, we're witnessing the convergence of traditional and decentralized finance in real time. By adopting Chainlink as the official oracle infrastructure for our tokenized stocks we're making our tokenized assets seamlessly composable across DeFi and institutional rails." — Nathan Allman, CEO & Founder of Ondo Finance

Link to the announcement.  

xStocks xStocks, a leading tokenized equities platform, is leveraging Chainlink to make its tokenized stocks globally accessible through DeFi.     

CCIP: Enables xStocks’ expansion to other blockchains across the multi-chain DeFi ecosystem.Data Streams: Powers custom xStocks Data Streams, a bespoke oracle solution that delivers high onchain data accuracy, sub-second price latency, and the ability to verify corporate actions in real time.Proof of Reserve: Increases the transparency and reliability to the collateralization of xStocks assets. Link to the announcement. 

Bridgetower  Bridgetower adopted Chainlink to unlock the distribution of tokenized securities tied to the DOM X Arizona Copper-Gold Project, a natural resource asset valued at $11.06 billion. 

CRE: Powers transparent, compliant, and scalable asset issuance, unlocking global distribution of Bridgetower’s tokenized real-world assets.Link to the announcement. 

Tenbin Tenbin deprecated its legacy cross-chain solution and migrated to Chainlink to expand distribution of its tokenized assets, including tGLD, tMXN, and tBRL, across the multi-chain ecosystem.

CCIP: Unlocks the highest level of cross-chain security to enable the expansion of all Tenbin’s tokenized assets across the multi-chain ecosystem.Link to the announcement. 

Commertize  Tokenization platform Commertize deprecated its legacy bridging solution and migrated to Chainlink as its official cross-chain infrastructure.

CCIP: Unlocks the highest level of cross-chain security to enable the expansion of Commertize tokenized assets across the multi-chain ecosystem.Data Feeds: Deliver tamper-resistant, highly accurate market prices that are continuously updated and resilient to manipulation. Proof of Reserve: Increases the transparency and reliability of the collateralization of Commertize assets. Link to the announcement. 

Superstate SuperState, an asset management firm, is leveraging Chainlink to enhance the transparency and utility of the USTB tokenized fund. 

Data Feeds: Deliver onchain NAV data that enhances the transparency and utility of the UTSB tokenized fund. Proof of Reserve: Enhances the onchain verification of AUM data. Link to the announcement. 

Backed Backed, a tokenized equity platform, integrated Chainlink to enhance its tokenized RWAs with increased utility, liquidity, and interoperability. 

CCIP: Powers secure cross-chain token transfers of bTokens across Arbitrum, Base, BNB Chain, and Solana.Proof of Reserve: Delivers real-time, decentralized verification of bToken’s collateralization, ensuring transparency for users.Data Feeds: Delivers highly accurate, tamper-proof market data for bTokens.Link to the announcement.  

Bridgetower  Bridgetower adopted Chainlink to unlock the distribution of tokenized securities tied to the DOM X Arizona Copper-Gold Project, a natural resource asset valued at $11.06 billion. 

CRE: Powers transparent, compliant, and scalable asset issuance, unlocking global distribution of Bridgetower’s tokenized real-world assets.Link to the announcement. 

Tenbin Tenbin deprecated its legacy cross-chain solution and migrated to Chainlink to expand distribution of its tokenized assets, including tGLD, tMXN, and tBRL, across the multi-chain ecosystem.

CCIP: Unlocks the highest level of cross-chain security to enable the expansion of all Tenbin’s tokenized assets across the multi-chain ecosystem.Link to the announcement. 

Commertize  Tokenization platform Commertize deprecated its legacy bridging solution and migrated to Chainlink as its official cross-chain infrastructure.

CCIP: Unlocks the highest level of cross-chain security to enable the expansion of Commertize tokenized assets across the multi-chain ecosystem.Data Feeds: Deliver tamper-resistant, highly accurate market prices that are continuously updated and resilient to manipulation. Proof of Reserve: Increases the transparency and reliability of the collateralization of Commertize assets. Link to the announcement. 

Liquid Staking & Restaking Liquid staking and restaking enable users to earn rewards while maintaining token ownership for use in DeFi, with Chainlink providing the tamper-proof exchange rates necessary to safely value and utilize these receipt tokens as collateral across the ecosystem.

LidoLido, the leading liquid staking protocol, is leveraging Chainlink for market data to securely support Lido staked assets and as the official cross-chain infrastructure for Wrapped Staked Ether (wstETH). 

CCIP: Powers cross-chain transfers of wstETH by leveraging the Cross-Chain Token (CCT) standard.“For stakers, the ability to move assets quickly across the ecosystem is essential for seizing opportunities, rebalancing liquidity, and managing their staked ETH efficiently. By adopting Chainlink CCIP as the official cross-chain standard for wstETH, we’re giving users and builders a standardized, secure way to move wstETH across chains. The Cross-Chain Token standard keeps ownership with the Lido community while adding the programmatic safeguards needed as wstETH scales to more networks.” — Jakov Buratovic, Master of DeFi at Lido.

Lido also expanded direct staking to Linea, a leading Ethereum layer-2, powered by the Chainlink interoperability standard. Via Chainlink CCIP, DeFi users can stake ETH and receive wstETH directly on Linea via a single transaction.

Link to the announcement.

Price Feeds: Enable DeFi protocols across leading blockchains to securely support Lido staked assets, such as Aave.Link to the announcement. 

Data Feeds: Provide reliable and tamper-resistant wstETH exchange rates across chains, ensuring users receive fair value when staking through liquidity pools. Link to the announcement.

Solv Protocol Solv Protocol, a BTCFi platform, integrated Chainlink to bring Bitcoin users into the multi-chain DeFi ecosystem.

CCIP: Powers Solv across BNB Chain, Ethereum, and Solana. CCIP also enables native transfers of SolvBTC across chains via the Cross-Chain Token (CCT) standard.Link to the announcement. 

Lombard Finance Lombard, a leading provider of Bitcoin Liquid Staking Tokens, integrated Chainlink to scale and secure BTCFi.

CCIP: Facilitates secure cross-chain token transfers of LBTC across Arbitrum, Base, BNB Chain, and Solana. CCIP also enables native token transfers of BTC.b across Avalanche, Ethereum, and Katana.Proof of Reserve: Delivers real-time, decentralized verification of LBTC’s collateralization, ensuring transparency for users. Price Feeds: Provides LBTC access to highly accurate, tamper-proof market data, creating a strong foundation for LBTC’s adoption to scale.“Chainlink’s decision to partner with Lombard speaks to our shared commitment to building institutional-grade infrastructure for Bitcoin’s integration into decentralized finance. We’re leading the way in BTCFi, setting an industry-standard for how Bitcoin is collateralized, staked, and integrated into DeFi. With Chainlink CCIP, Proof of Reserve, and Price Feeds, we will securely scale BTCFi and rebuild decentralized finance atop Bitcoin, unlocking a host of new financial products.” — Jacob Phillips, Co-founder of Lombard 
Link to the announcement.  

Kelp Following an exploit of their legacy bridge provider, Kelp migrated rsETH to Chainlink to power secure cross-chain transfers and verifiable minting requirements. 

CCIP: Unlocks secure cross-chain transfers of rsETH and expands distribution across the multi-chain ecosystemProof of Reserve Secure Mint: Helps ensure that new tokens are only minted when reserves meet or exceed the required backing. Link to the announcement. 

AI AgentsOnchain AI agents are autonomous programs capable of holding value and executing complex transactions, empowered by Chainlink's infrastructure that provides them with offchain computation, real-world APIs, and verified data needed to act independently.

x402 x402, is an open internet-native payment protocol that enables AI agents to make onchain payments with stablecoins, partnered with Chainlink to enable AI agents to access and purchase CRE workflows. 

CRE: Enables AI agents to directly trigger CRE workflow and allows AI agents to autonomously pay for CRE workflows.“Seeing industry leaders like Chainlink team up with x402 reinforces what we’ve long believed: onchain payments will power the future of AI. We’re excited to see what developers build with CRE and x402, creating new seamless, secure ways to transact onchain.” — Erik Reppel, Coauthor of the x402 Whitepaper
Link to the announcement.  

Virtuals Protocol  Virtuals Protocol migrated the VIRTUAL token to Chainlink as its exclusive interoperability infrastructure to unlock secure cross-chain payments for AI agents. 

CCIP: Secures cross-chain transfers of VIRTUAL, unlocking secure cross-chain payments for its AI agents. Link to the announcement. 

ElizaOS ElizaOS is an operating system that enables devs to build, orchestrate, and collaborate with AI agents, and leverages Chainlink to enable secure cross-chain token transfers of its native token. 

CCIP: Enables secure transfers of elizaOS across Base, BNB Chain, Ethereum, and Solana, expanding its reach into the multi-chain ecosystem. Link to the announcement.

TLDR Chainlink added price feeds for four Coinbase tokenized stocks on Base. The feeds cover NVDAc, METAc, AAPLc, and GOOGLc tokens. Aave, Morpho, and Euler are among the protocols preparing lending markets for these tokens. The tokens are not available to U.S. investors under current offering rules. Chainlink’s feeds track total return value, including dividend reinvestment adjustments. Chainlink introduced price feeds for four Coinbase tokenized stocks on Base this week. The move lets decentralized finance protocols use the tokens as loan collateral. Coinbase issued the assets under the B20 token standard.

The four tokens represent shares in Nvidia, Meta, Apple, and Alphabet. Their tickers are NVDAc, METAc, AAPLc, and GOOGLc. Each token is backed one-to-one by a share held in custody.

Chainlink announced the update on X on August 26. The company said its Data Feeds give lending protocols the data needed to assess the tokens as collateral. This expands their use beyond simple holding and trading.

Chainlink is unlocking real-world utility and distribution for the world's largest tokenized stocks and ETFs.

✅ Coinbase
✅ Robinhood
✅ xStocks
✅ Ondo

Here's how Chainlink is supercharging the adoption of tokenized equities 🧵👇 pic.twitter.com/TOCPm23uo4

— Chainlink (@chainlink) August 26, 2026

Coinbase Onchain SPV Ltd. issues the tokens. The company is based in the Abu Dhabi Global Market. It operates under prospectuses approved by the market’s Financial Services Regulatory Authority.

Alpaca Securities acts as broker and custodian for the underlying shares. Alpaca is registered with the U.S. Securities and Exchange Commission. It also belongs to FINRA and SIPC.

How the Price Feeds Work Each Chainlink feed reports the total return value of a B20 token. This combines the stock’s market price with a multiplier from Coinbase’s onchain oracle registry.

The multiplier accounts for dividends. Coinbase’s prospectuses state dividends are usually reinvested into more shares after fees and taxes. This changes how much equity each token represents over time.

Chainlink advises developers to check each token’s contract address. Ticker symbols alone can be copied by unrelated projects. Verifying the address helps avoid confusion between similar-looking assets.

The feeds run around the clock, Monday through Friday. They blend data from regular trading hours, extended hours, and overnight markets. Coverage is strongest during standard U.S. market hours.

Data quality drops during overnight sessions due to fewer providers. On weekends, when equity markets are shut, the reported value may not change. Chainlink uses smoothing to reduce short price spikes during session transitions.

Lending Access and Restrictions Base-based platforms including Aave, Morpho, and Euler are preparing or offering lending markets for the tokens. Aerodrome supports liquidity for the tokenized stocks. 0x, 1inch, KyberSwap, and CoW Swap provide trading tools.

Not every protocol will list every token right away. Each platform decides independently which markets to activate. Availability can vary by asset and by service.

The tokens remain off-limits to U.S. investors. Coinbase issues them under Regulation S, which applies to offerings made outside the United States. The securities are not registered with the SEC or state regulators.

Verified holders can redeem tokens for the underlying stock, U.S. dollars, or USDC. Coinbase charges a 0.05% redemption fee for this process. The company may also run identity and sanctions checks before approving a redemption.

Holders who obtain tokens through DeFi without finishing Coinbase’s compliance steps are considered unvested. Unvested holders cannot redeem their tokens for shares or cash. They also cannot submit voting instructions tied to the underlying stock.

Tokenized gold has moved deeper into crypto lending after Aave’s XAUT-backed debt reached a $25 million ceiling and Arch Lending added loans against the two largest gold tokens.

Summary

Aave’s $25 million XAUT debt ceiling was fully used before additional capacity filled within 24 hours. Arch’s Himanshu Sahay said investors increasingly want to use tokenized gold instead of passively holding it. Arch now accepts PAXG and XAUT as collateral for loans at up to 75% LTV. Borrowers retain their gold exposure but face interest, liquidation, custody, and issuer risks. Arch co-founder and chief technology officer Himanshu Sahay told crypto.news that demand for tokenized gold loans shows holders are beginning to treat the assets as usable parts of the digital financial system, rather than only as a way to track bullion prices.

“The most interesting thing about the demand we’re seeing around tokenized gold is that people aren’t just treating these assets as a way to get exposure to the price of gold. They’re increasingly looking at them as something that can be put to work within the broader crypto financial system.”

Demand recorded on Aave provides one example. In late January, the decentralized lending protocol’s XAUT market reached its $25 million debt ceiling, according to a Chaos Labs assessment.

Chaos Labs recommended raising the ceiling to $30 million after finding demand to use XAUT as collateral for stablecoin borrowing. Within days, the risk manager reported that the added capacity had filled in less than 24 hours and proposed staged increases to $36 million, $43 million, and eventually $50 million.

Aave demand has tested tokenized gold lending capacity Although the Aave activity showed that investors were willing to borrow against tokenized bullion, Chaos Labs found that the market was highly concentrated. Its February assessment said the largest position accounted for more than 75% of all debt secured by XAUT.

The same report described the users’ health factors as moderately safe and cited XAUT’s liquidity and relatively conservative volatility when assessing liquidation risk. Aave listed XAUT in isolation mode, preventing holders from using the asset to borrow more volatile tokens.

Initial parameters allowed users to borrow up to 70% of their XAUT collateral’s value, while liquidation could begin at 75%. The arrangement treated XAUT as collateral only, meaning users could supply it to support debt but could not borrow the gold token itself.

Sahay described the January activity as more meaningful than a one-time jump because the extra capacity was also used quickly. According to him, the demand indicates that “the collateral itself is becoming useful.”

Current balances require a separate reading from the January episode. Aave’s Ethereum v3 reserve page recently showed about $70 million of XAUT supplied but no XAUT-backed debt, according to figures provided by Sahay. He said the earlier borrowing should therefore be treated as historical evidence of willingness to use the asset, rather than a description of Aave’s present debt balance.

Recent activity has also extended beyond lending. An August CoinShares report found that real-world asset deposits had tripled to $7.4 billion even as DeFi activity declined, with XAUT and PAXG producing much of the measured spot activity. As reported earlier this month, traders used the two tokens to change their gold exposure as bullion prices moved.

Tokenized gold lets holders borrow without selling For investors who still want exposure to gold, Sahay said borrowing and selling meet different financial needs. A sale closes the position, while a collateralized loan supplies cash or stablecoins without requiring the investor to give up the asset immediately.

“If an investor sells their gold exposure, they have exited the position,” Sahay said. “Borrowing allows them to access liquidity while retaining exposure to the underlying asset.”

Tokenization reduces some practical barriers because the collateral already exists on a blockchain. Holders do not have to transport physical bullion into a lending arrangement or arrange separate storage before seeking a loan.

PAXG and XAUT each represent a claim linked to physical gold, although their legal and operational structures differ. Paxos says one PAXG represents one fine troy ounce of London Good Delivery gold held in professional vaults. Tether says one XAUT represents one fine troy ounce of gold held in Switzerland.

On Aug. 28, Tether’s website placed XAUT’s market capitalization at approximately $3.27 billion, while CoinGecko valued PAXG at about $1.93 billion. The figures give the two products a combined market value of approximately $5.2 billion.

Tokenized gold previously reached another milestone in March when Tether deployed XAUT on BNB Chain. The BNB Chain expansion gave the token another settlement network alongside its existing infrastructure, while each unit remained tied to an ounce of physical bullion.

Sahay cautioned that digital access does not remove the dangers created by debt. In his view, a lending service still needs suitable LTV limits, custody arrangements, and risk controls because collateral can be liquidated when its value no longer supports the outstanding loan.

“The fact that an asset can be used as collateral doesn’t mean it should be leveraged aggressively,” he said.

Gold and Bitcoin serve different collateral needs Rather than presenting tokenized gold as a replacement for Bitcoin, Sahay said the assets offer different characteristics to borrowers and lenders.

Bitcoin has more established liquidity across crypto markets and plays a central role as a native digital asset. Gold, however, has a much longer record as a store of value and has historically experienced less price volatility than Bitcoin, according to Sahay.

Gold-backed tokens may therefore appeal to investors who want on-chain borrowing without taking the same level of directional exposure associated with Bitcoin. The blockchain token still introduces risks tied to its issuer, custodian, smart contract, and redemption terms, even when the underlying bullion moves less sharply than BTC.

“I don’t think tokenized gold replaces Bitcoin as collateral. I think it expands the range of assets that can support crypto-native liquidity.”

His comments follow a previous interview in which he identified qualified custody, zero rehypothecation and clear collateral rules as safeguards for digital-asset loans. The custody discussion also covered margin calls and liquidations, which can force a sale when borrowers fail to add collateral or reduce their debt.

Arch has added PAXG and XAUT-backed loans Within that developing market, Arch Lending has started accepting PAXG and XAUT as collateral at up to 75% LTV, according to information supplied by the company. Anchorage Digital will hold the pledged tokens.

Arch says it does not rehypothecate borrower collateral, meaning the assets are not lent to another party to produce revenue. Its website states that Anchorage holds collateral in segregated wallets and that Arch uses partial liquidations intended to sell only the amount required to restore a loan’s health.

The company’s public website has not yet added PAXG and XAUT to its displayed list of supported assets, which still names BTC, ETH and SOL and shows an LTV of up to 60% for existing loans. The 75% limit and support for both gold tokens therefore come from the company’s new product information.

Competitors already offer parts of the same service. Nexo says eligible customers can borrow against PAXG or XAUT, subject to location and account requirements, while YouHodler and CoinRabbit advertise PAXG-backed products. Ledn announced XAUT-backed lending in June but said the service would become available later in 2026.

US borrowers face tax, access and liquidation questions For US investors, borrowing against an appreciated digital asset generally differs from selling it because the Internal Revenue Service treats a sale or other disposal as an event that requires the owner to calculate a capital gain or loss. A loan does not involve the same immediate disposal, although a lender’s sale of collateral may create tax consequences.

Individual circumstances, loan structures and liquidation events can affect reporting, and the IRS advises digital-asset owners to keep transaction records and consult a qualified tax professional when necessary.

Arch operates legally as ChainFi Inc. and provides loans to US borrowers under NMLS number 2637200. Its disclosures state that product availability and interest rates vary by jurisdiction, loan type, and principal amount.

According to the company’s current state restrictions, loans are unavailable to individual residents of California, Delaware, Hawaii, Maryland, Mississippi, Montana, Nevada, North Dakota, Rhode Island, South Carolina, and Vermont. Arch also requires borrowers to complete identity checks before transferring collateral and receiving USD or USDC.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

The J.M. Smucker Company’s Dividend: Too Sweet to Ignore?J. M. Smucker NYSE: SJM said its fiscal 2027 first-quarter performance reflected momentum in its coffee, Uncrustables, pet snacks and selected sweet baked snacks businesses, while management maintained a cautious view on consumer demand, commodity costs and freight inflation for the remainder of the year.

During the company’s earnings question-and-answer session, Chief Executive Officer Mark Smucker said the company’s portfolio and ongoing brand investments support its long-term growth outlook. Chief Financial Officer Tucker Marshall said the company’s guidance incorporates higher underlying cost inflation and conservative volume assumptions for coffee.

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Tariff Refund Supports Investment and Debt Reduction SJM Surges 9%, But Hostess Weakness Clouds OutlookMarshall said the company received an $0.84 per-share benefit from tariff refunds during the first quarter. J. M. Smucker plans to reinvest part of that benefit through selling, distribution and administrative expenses, including higher administrative expenses, incremental marketing and pre-production costs tied to its McCalla, Alabama, facility supporting Uncrustables.

The company expects a roughly $0.60 full-year benefit from the tariff refunds after accounting for incremental costs and spending, according to Marshall. He said the company also intends to use remaining earnings or cash to reduce debt.

5 Under-the-Radar Consumer Staples Stocks With Pricing PowerMarshall said J. M. Smucker remains on track to pay down approximately $500 million of debt during fiscal 2027 and has already reached its targeted 3x leverage ratio in the first quarter, ahead of expectations. The company remains committed to its quarterly dividend, which it recently increased, and now has flexibility to consider share repurchases, he said.

Coffee Outlook Remains Cautious Despite First-Quarter Growth Management said coffee delivered strong first-quarter results across its key brands, although the company continues to expect low-single-digit volume declines for the full fiscal year. Smucker cited continued volatility in green coffee commodities, category conditions and the consumer environment as reasons for maintaining a prudent outlook.

Smucker said Café Bustelo grew 23% during the quarter, supported by its Game Face marketing campaign tied to soccer. He described the brand as having significant opportunity for distribution expansion in the central and western U.S. regions, noting that it is now the sixth-largest brand in the category and that the company aspires to move it into the top four.

The company had considered a coffee list-price decline near the end of the fiscal year because the base coffee commodity is lower than a year earlier. However, Smucker said commodity prices have not crossed the thresholds needed to support a list-price reduction and have not shown sustained deflation. Instead, the company has passed some deflation through to consumers through trade spending and promotions.

Folgers grew during the quarter and posted approximately flat volume and mix, Marshall said. Smucker also said Folgers, one of the company’s more affordable coffee brands, performed well around promotional activity tied to America’s 250th anniversary during July.

Underlying cost inflation, excluding the effects of green coffee tariffs and tariff refunds, is now expected to be in the mid-single digits. Marshall said the increase from the company’s earlier expectations is largely attributable to freight, commodities and other ingredients.

Uncrustables Growth Accelerates, McCalla Costs Rise J. M. Smucker raised its outlook for Uncrustables to high-single-digit growth for fiscal 2027, compared with its prior expectation for mid-single-digit growth after the brand reached its $1 billion ambition in the previous fiscal year.

Marshall said the stronger outlook is driven primarily by U.S. retail channels, with improvement also coming from away-from-home sales. The company is increasing pre-production expenses to bring capacity online earlier at its McCalla, Alabama, facility. As a result, margins in the frozen handheld and spreads segment may decline modestly during the next few quarters, although Marshall said the overall margin profile remains strong.

Smucker said demand has been supported by the rollout of “fridge-friendly” Uncrustables, which can be kept thawed in a refrigerator for five days, as well as new flavors, limited-time offerings, higher-protein products and expanded distribution. The company is also building its convenience-store presence and growing its away-from-home business.

The second phase of the McCalla facility has already been built, Smucker said, and will focus on the brand’s core crimped soft-bread format. Activating the capacity will require staffing and operational startup.

Pet and Sweet Baked Snacks Show Mixed Trends In pet snacks, Smucker said Pup-Peroni posted 5% net sales growth and 7% growth in the quarter, supported by a brand refresh, marketing and customer events. Milk-Bone returned to volume growth, aided by innovation in soft and chewy products and marketing support. Jerky Treats declined during the period.

Smucker said the company remains positive on dog snacks and continues to focus on growing Milk-Bone’s relevance in treating occasions. The company’s broader pet strategy remains centered on consumables, including dog snacks and cat food, rather than pet technology products or devices.

In sweet baked snacks, management said Hostess performed in line with expectations as the company continues its stabilization efforts. Donettes performed well, particularly in larger bag sizes and mini churro donut innovation, while Suzy Q’s innovation also showed positive performance.

However, Smucker said convenience-store traffic remains challenged. He suggested lower gasoline prices could eventually improve traffic by encouraging more consumers to enter stores after fueling, though he said the outcome remains uncertain. Marshall said the sweet baked snacks business is expected to decline by low single digits for the full year, with larger declines in the first half as the company laps prior-year SKU rationalization and a more stable back half.

Management also said it is supporting Jif through refreshed packaging, new marketing focused on snacking occasions and the launch of Jif Simply products with two or three ingredients. Smucker said the company does not view softness in the peanut butter category as structural and continues to see opportunities in both peanut butter and fruit spreads.

About J. M. Smucker (NYSE:SJM)The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company's main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker's core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker's® fruit spreads, Jif® peanut butter, Folgers® and Dunkin'® coffees, and Café Bustelo® coffee.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Smucker (SJM - Free Report) came out with quarterly earnings of $3.24 per share, beating the Zacks Consensus Estimate of $2.21 per share. This compares to earnings of $1.9 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +46.61%. A quarter ago, it was expected that this food maker would post earnings of $2.65 per share when it actually produced earnings of $2.77, delivering a surprise of +4.53%.

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

Smucker, which belongs to the Zacks Food - Miscellaneous industry, posted revenues of $2.22 billion for the quarter ended July 2026, surpassing the Zacks Consensus Estimate by 5.42%. This compares to year-ago revenues of $2.11 billion. The company has topped consensus revenue estimates three times over the last four quarters.

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

Smucker shares have added about 28.3% since the beginning of the year versus the S&P 500's gain of 12.2%.

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

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

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

Ahead of this earnings release, the estimate revisions trend for Smucker was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.54 on $2.23 billion in revenues for the coming quarter and $9.98 on $8.87 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Food - Miscellaneous is currently in the bottom 13% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Campbell's (CPB - Free Report) , has yet to report results for the quarter ended July 2026. The results are expected to be released on September 3.

This maker of canned soup, Pepperidge Farm cookies and V8 juice is expected to post quarterly earnings of $0.40 per share in its upcoming report, which represents a year-over-year change of -35.5%. The consensus EPS estimate for the quarter has been revised 2.4% lower over the last 30 days to the current level.

Campbell's' revenues are expected to be $2.15 billion, down 7.3% from the year-ago quarter.

Freestone Grove Partners LP purchased a new position in shares of Northern Oil and Gas, Inc. (NYSE:NOG – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 82,063 shares of the company’s stock, valued at approximately $1,489,000. Freestone Grove Partners LP owned about 0.08% of Northern Oil and Gas at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. acquired a new position in Northern Oil and Gas in the 2nd quarter valued at $29,000. Allworth Financial LP acquired a new stake in shares of Northern Oil and Gas during the second quarter worth $31,000. Ascentis Independent Advisors acquired a new stake in shares of Northern Oil and Gas during the first quarter worth $33,000. Jones Financial Companies Lllp lifted its holdings in shares of Northern Oil and Gas by 181.0% during the first quarter. Jones Financial Companies Lllp now owns 1,107 shares of the company’s stock worth $33,000 after buying an additional 713 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its position in shares of Northern Oil and Gas by 572.8% in the fourth quarter. Global Retirement Partners LLC now owns 1,682 shares of the company’s stock valued at $36,000 after acquiring an additional 1,432 shares during the period. 98.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling In other news, Director Bahram Akradi acquired 25,760 shares of the stock in a transaction on Monday, June 22nd. The stock was acquired at an average cost of $19.40 per share, for a total transaction of $499,744.00. Following the completion of the transaction, the director directly owned 1,713,444 shares in the company, valued at approximately $33,240,813.60. This trade represents a 1.53% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 2.80% of the stock is currently owned by corporate insiders.

Northern Oil and Gas Trading Down 1.3% Shares of Northern Oil and Gas stock opened at $25.74 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.37. Northern Oil and Gas, Inc. has a 12-month low of $17.18 and a 12-month high of $31.17. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of -4.97 and a beta of 0.70. The firm’s 50-day moving average price is $21.57 and its two-hundred day moving average price is $24.20. Northern Oil and Gas (NYSE:NOG – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.05). Northern Oil and Gas had a negative net margin of 25.35% and a positive return on equity of 18.69%. The firm had revenue of $745.24 million during the quarter, compared to analyst estimates of $594.09 million. During the same quarter in the previous year, the firm posted $1.37 earnings per share. Northern Oil and Gas’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, analysts forecast that Northern Oil and Gas, Inc. will post 3.79 earnings per share for the current fiscal year.

Northern Oil and Gas Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, September 29th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend is Tuesday, September 29th. Northern Oil and Gas’s dividend payout ratio (DPR) is -34.75%.

Analyst Ratings Changes Several equities analysts recently commented on the stock. Raymond James Financial restated an “outperform” rating and issued a $28.00 price target on shares of Northern Oil and Gas in a research note on Wednesday, July 15th. Morgan Stanley set a $25.00 price objective on shares of Northern Oil and Gas and gave the stock an “underweight” rating in a research note on Monday, June 29th. Wall Street Zen raised shares of Northern Oil and Gas from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Citigroup decreased their target price on shares of Northern Oil and Gas from $36.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Finally, Mizuho upgraded shares of Northern Oil and Gas to a “hold” rating in a research report on Friday, July 31st. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $30.62.

View Our Latest Analysis on Northern Oil and Gas

Northern Oil and Gas Company Profile (Free Report)

Northern Oil and Gas, Inc is a publicly traded independent energy company focused on the acquisition, exploration and development of oil and natural gas resources in the United States. The company’s primary operations are concentrated in the Williston Basin, where it secures acreage positions and partners with drilling operators to advance upstream projects. Through strategic leasehold acquisitions and joint ventures, Northern Oil and Gas seeks to expand its footprint in both conventional and unconventional reservoirs.

Northern Oil and Gas employs horizontal drilling and hydraulic fracturing technologies to develop unconventional resource plays, particularly in the Bakken, Three Forks and Red River formations of North Dakota and Montana.

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A month has gone by since the last earnings report for Boot Barn (BOOT - Free Report) . Shares have added about 0.8% in that time frame, underperforming the S&P 500.

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

BOOT Q1 Earnings Beat on Store Growth & Tariff Refunds, View UpBoot Barn Holdings, Inc. reported first-quarter fiscal 2027 results, wherein both top and bottom lines surpassed the Zacks Consensus Estimate and increased year over year. The western and workwear retailer benefited from strong new-store productivity, same-store sales growth, robust e-commerce demand and merchandise margin expansion. Management also raised its fiscal 2027 outlook, reflecting confidence in continued execution despite a softer start to the second quarter.

The quarterly earnings of $2.29 per share beat the Zacks Consensus Estimate of $1.69 and increased 31.6% from $1.74 reported in the year-ago quarter. Net sales rose 17.7% year over year to $593.5 million, surpassing the Zacks Consensus Estimate of $582 million. Sales growth was driven by new-store expansion and positive comparable sales across both retail stores and e-commerce.

Stores and Digital Support Boot Barn's Sales GrowthConsolidated same-store sales increased 4.7% during the quarter. Retail store same-store sales rose 3.8%, supported by a 3% increase in average unit retail, while transactions remained approximately flat. E-commerce same-store sales jumped 13.4%, driven by double-digit growth at bootbarn.com, underscoring continued strength in the company's omnichannel strategy.

Boot Barn opened 27 new stores during the quarter compared with 14 in the prior-year period, ending the quarter with 566 stores across 49 states. Management continues to expect 70 new store openings in fiscal 2027 and reiterated its long-term opportunity to expand to approximately 1,200 U.S. locations. New locations are projected to generate average annual sales of about $3.2 million, with an investment payback period of less than two years.

Across merchandise categories, men's western boots posted mid-single-digit growth, while women's western boots declined at a mid-single-digit rate against difficult prior-year comparisons. Men's and women's apparel increased at a high-single-digit pace, led by double-digit denim growth. Work boots delivered high-single-digit growth, marking the category's fifth consecutive quarter of positive growth, aided by improved merchandising, stronger marketing support and investments in key third-party brands.

Boot Barn Expands Margins on Tariff BenefitsGross profit increased 21.6% to $239.9 million, with the gross margin expanding about 130 basis points to 40.4%. Merchandise margin expanded by 220 basis points, including a 250-basis-point benefit from $14.7 million of tariff refunds and 60 basis points of product-margin expansion. These gains were partly offset by a 90-basis-point freight headwind.

SG&A expenses rose 18.1% to $149.4 million and represented 25.2% of sales, up roughly 10 basis points. Operating income climbed 28% to $90.5 million, while the operating margin expanded to 15.3% from 14% in the prior-year quarter.

BOOT Maintains Financial FlexibilityOperating cash flow rose to $83.8 million from $73.9 million a year earlier. Capital expenditures increased to $51.1 million from $31.5 million as the retailer continued investing in its store base and infrastructure. The company expects capital expenditures, net of estimated landlord-tenant allowances, between $125 million and $130 million for fiscal 2027.

BOOT ended the quarter with $139.3 million in cash and no borrowings under its revolving credit facility. The company repurchased more than 158,451 shares for $25 million during the quarter. It also doubled its revolving credit capacity to $500 million and extended the facility’s maturity to 2031.

Boot Barn Raises Fiscal 2027 OutlookBacked by its better-than-expected first-quarter performance, Boot Barn raised its fiscal 2027 outlook. Management now expects earnings in the range of $8.80-$9.23 per share, up from the previous guidance of $8.21-$8.64, including an estimated 46-cent benefit from tariff refunds.

Total sales are projected to be between $2.580 billion and $2.625 billion, while consolidated same-store sales are expected to increase 2-4% for the year, with retail store same-store sales growth of 1-3% and e-commerce same-store sales growth of 11-13%. The company had earlier total sales in the band of $2.578-$2.623 billion.

The merchandise margin rate is now expected to reach approximately 52.2% of sales, up 130 basis points year over year. The expansion includes 70 basis points from tariff refunds, 50 basis points from product-margin improvement and 10 basis points from lower freight costs. BOOT forecasts gross profit between $993 million and $1,016 million, or approximately 38.5% to 38.7% of sales.

For the second quarter, Boot Barn expects net sales of $572-$582 million, suggesting year-over-year growth of 13-15%. Consolidated same-store sales are projected to range from flat to up 2%, with retail store same-store sales between down 1% and up 1% and e-commerce same-store sales growth of 10% to 12%. Management expects earnings in the range of $1.55-$1.65 per share, including an estimated 6-cent benefit from tariff refunds.

Boot Barn expects second-quarter merchandise margin between $297 million and $302 million, or approximately 51.8% of sales, up 140 basis points year over year. The outlook includes an estimated $2.4 million benefit from tariff refunds. Gross profit is projected in the range of $208-$213 million, implying about 36.3%-36.6% of sales.

Management noted that consolidated same-store sales were approximately flat during the first four weeks of the second quarter. The moderation reflected fewer Western lifestyle stadium events and concerts, along with temporary traffic disruptions tied to World Cup broadcasts. Despite the softer July performance, management said the consumer remained healthy, reaffirmed confidence in its outlook for the balance of the year and maintained that Boot Barn was well positioned to deliver another year of profitable growth.

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

VGM ScoresAt this time, Boot Barn has a nice Growth Score of B, though it is lagging a bit on the Momentum Score front with a C. Charting a somewhat similar path, the stock has a grade of B on the value side, putting it in the top 40% for this investment strategy.

Overall, the stock has an aggregate VGM Score of B. 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 indicates a downward shift. Interestingly, Boot Barn has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.

Key Takeaways EPD's equivalent pipeline volumes rose 8% to a record 14.7 MMBPD as demand for U.S. energy exports grew.Enterprise Products has $6.5B of organic projects under construction to support Permian and export growth.About 90% of EPD's system-wide LPG export capacity is contracted, supporting volume-driven growth. Enterprise Products Partners L.P. (EPD - Free Report) provides transportation, processing, fractionation, storage and marine terminal services for natural gas, natural gas liquids (“NGLs”), crude oil, petrochemicals and refined products. The partnership primarily generates revenues through long-term contracts under which customers use its midstream infrastructure to transport, process and store hydrocarbons and related products. Strong international demand for U.S. energy benefited EPD in the second quarter of 2026, enabling equivalent pipeline volumes to increase 8% to a record 14.7 million barrels per day (MMBPD) and marine terminal volumes to rise 33% to 2.8 MMBPD.

The leading North American midstream operator’s growth prospects are supported by $6.5 billion of organic projects under construction, including assets designed to accommodate Permian production growth and international demand for U.S. NGLs. The Enterprise Hydrocarbons Terminal expansion is expected to add 300 thousand barrels per day (MBPD) of liquefied petroleum gas (“LPG”) loading capacity by the fourth quarter of 2026, strengthening Enterprise Products’ ability to handle additional export volumes. Management noted increased interest from countries historically dependent on Middle Eastern supplies that are seeking to shift part of their long-term energy sourcing toward the United States.

Ethane exports represent another potential growth catalyst for Enterprise Products, supported by expanding vessel availability and higher customer liftings under existing contracts. The partnership has roughly 90% of its system-wide LPG export capacity contracted, limiting its exposure to potential weakness in terminal rates as new industry capacity enters the market. Overall, expanding U.S. energy exports are expected to support higher throughput across EPD’s integrated infrastructure network and strengthen its volume-driven growth prospects over the coming years.

Two Other Midstream Players Leveraging Export GrowthApart from Enterprise Products Partners, rising U.S. energy exports are creating growth opportunities for other large midstream operators with extensive pipeline and export infrastructure, including Kinder Morgan, Inc. (KMI - Free Report) and Energy Transfer LP (ET - Free Report) .

Kinder Morgan is positioned to benefit from increasing U.S. LNG exports through its extensive natural gas pipeline network. In the second quarter of 2026, KMI’s natural gas transportation volumes increased 7%, partly reflecting higher LNG deliveries on the Tennessee Gas Pipeline and increased exports to Mexico. Kinder Morgan noted that rising LNG exports, power demand and industrial growth are increasing the value of its highly utilized infrastructure and creating additional investment opportunities. KMI expects its growth projects to generate additional cash flow as demand for natural gas infrastructure expands.

Energy Transfer is benefiting from stronger overseas demand for U.S. hydrocarbons, particularly NGLs. In the second quarter of 2026, ET achieved record NGL exports, which increased 25%, while elevated shipment levels bolstered terminal-services margins at both the Nederland and Marcus Hook facilities. Energy Transfer is preparing for additional export growth through its fully subscribed Nederland expansion, which is expected to add 240 MBPD of ethane export capacity and 55 MBPD of LPG capacity. ET is expanding its Mont Belvieu-to-Nederland pipeline and adding two NGL ship docks, strengthening Energy Transfer’s ability to capitalize on rising U.S. energy exports.

EPD’s Price Performance, Valuation & EstimatesEnterprise Products shares have risen 23.4% over the past year compared with the industry’s 24.4% growth.

Image Source: Zacks Investment Research

From a valuation standpoint, EPD trades at a trailing 12-month enterprise-value-to-EBITDA (EV/EBITDA) of 11.12X. This is below the broader industry average of 11.37X.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for EPD's fourth-quarter 2026 earnings has been unchanged over the past seven days. Meanwhile, estimates for third-quarter and full-year 2026 earnings have seen upward revisions.

Image Source: Zacks Investment Research

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

A month has gone by since the last earnings report for Glaukos (GKOS - Free Report) . Shares have added about 8% 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 Glaukos due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important drivers.

Glaukos Q2 Earnings Beat Estimates on iDose TR GrowthGlaukos reported a second-quarter 2026 adjusted loss of 14 cents per share, narrower than the Zacks Consensus Estimate of a loss of 28 cents by 50%. The figure also improved from the year-ago quarter’s adjusted loss of 24 cents per share.

The GAAP loss per share was 31 cents compared with the prior-year quarter’s reported loss of 34 cents.

GKOS’ Q2 Revenue PerformanceRevenues of $185.6 million increased 50% year over year on a reported basis and 49% at constant currency (cc). The top line surpassed the Zacks Consensus Estimate by 24.1%.

Growth was driven by increasing adoption and utilization of iDose TR, broader interventional glaucoma initiatives across U.S. and international markets, continued expansion of the company’s global commercial infrastructure and early contributions from the Epioxa launch.

Better-than-expected sales growth led the management to raise its guidance for the full year.

Glaukos Posts Broad Segmental GrowthU.S. Glaucoma revenues reached a record $118.5 million, up 64% year over year on a reported basis. The increase reflected expanding iDose TR adoption, higher utilization among active surgeons and continued growth in trained physicians and accounts.

International Glaucoma revenues were $36.6 million, up 17% year over year on a reported basis. Growth was broad-based, supported by international infrastructure investments and contributions from iStent infinite and PRESERFLO.

Corneal Health revenues increased 48% year over year to $30.4 million. Epioxa contributed approximately $11 million in its first full quarter of commercial availability.

Glaukos’ Margins Expand as Loss NarrowsAdjusted gross profit increased 52.3% year over year to $156.9 million. The adjusted gross margin expanded 150 basis points (bps) to 84.5%.

Selling, general and administrative expenses rose 39.2% year over year to $116.1 million. Research and development expenses totaled $51.3 million, up 40.4% from the prior-year quarter. Total operating expenses were $168.9 million, up 40.8% year over year.

The operating loss narrowed to $17.3 million from $22.7 million in the year-ago period. The adjusted operating loss was $7.6 million, narrower than the prior-year quarter’s adjusted operating loss of $16.6 million.

GKOS Strengthens Its Liquidity PositionGlaukos exited the second quarter with $286.2 million in cash, cash equivalents and short-term investments, up from $280.5 million at the end of the first quarter. The company reported no debt.

Cumulative net cash provided by operating activities was $2.3 million against cumulative net cash used in operating activities of $11.5 million in the year-ago period.

Glaukos Raises 2026 Revenue GuidanceGlaukos raised its 2026 revenue guidance. Management now expects net sales in the range of $680 million to $700 million, up from its previous guidance of $620 million to $635 million. The Zacks Consensus Estimate for the same is pegged at $627.6 million.

The loss per share estimate is pinned at 57 cents, implying a 36.7% improvement year over year.

How Have Estimates Been Moving Since Then?It turns out, fresh estimates have trended upward during the past month.

The consensus estimate has shifted 25.93% due to these changes.

VGM ScoresCurrently, Glaukos has a great Growth Score of A, a grade with the same score on the momentum front. However, the stock has a score of F on the value side, putting it in the fifth quintile for value investors.

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

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

Performance of an Industry PlayerGlaukos belongs to the Zacks Medical - Instruments industry. Another stock from the same industry, Thermo Fisher Scientific (TMO - Free Report) , has gained 9.4% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026.

Thermo Fisher reported revenues of $11.99 billion in the last reported quarter, representing a year-over-year change of +10.5%. EPS of $6.03 for the same period compares with $5.36 a year ago.

For the current quarter, Thermo Fisher is expected to post earnings of $6.40 per share, indicating a change of +10.5% from the year-ago quarter. The Zacks Consensus Estimate has changed +0.3% over the last 30 days.

Thermo Fisher 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.

Nutanix (NTNX - Free Report) came out with quarterly earnings of $0.6 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.37 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +25.00%. A quarter ago, it was expected that this enterprise cloud platform services provider would post earnings of $0.35 per share when it actually produced earnings of $0.47, delivering a surprise of +34.29%.

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

Nutanix, which belongs to the Zacks Computers - IT Services industry, posted revenues of $757.08 million for the quarter ended July 2026, surpassing the Zacks Consensus Estimate by 2.60%. This compares to year-ago revenues of $653.27 million. The company has topped consensus revenue estimates three times over the last four quarters.

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

Nutanix shares have added about 28.5% since the beginning of the year versus the S&P 500's gain of 12.2%.

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

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

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

Ahead of this earnings release, the estimate revisions trend for Nutanix was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.50 on $753.24 million in revenues for the coming quarter and $2.18 on $3.19 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the top 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, SAIC (SAIC - Free Report) , has yet to report results for the quarter ended July 2026. The results are expected to be released on August 31.

This information technology company is expected to post quarterly earnings of $2.25 per share in its upcoming report, which represents a year-over-year change of -38%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

SAIC's revenues are expected to be $1.75 billion, down 1.2% from the year-ago quarter.

A month has gone by since the last earnings report for Penske Automotive (PAG - Free Report) . Shares have lost about 1.3% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is Penske 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.

Penske Q2 Earnings Top ExpectationsPenske reported second-quarter 2026 adjusted earnings of $3.62 per share, beating the Zacks Consensus Estimate of $3.38 by 7.1%. Adjusted earnings declined 4.2% from the comparable $3.78 per share a year ago.

Revenues rose 6% year over year to $8.51 billion and topped the Zacks Consensus Estimate of $7.93 billion by 7.4%. Retail automotive same-store new and used units increased 5%, while same-store service and parts gross margin improved 80 basis points to 59.5%.

Retail Automotive Sales RiseRetail automotive revenues increased 6% year over year to $7.3 billion. New vehicle revenues rose 5.9% to $3.38 billion, used vehicle revenues advanced 9.4% to $2.47 billion and finance and insurance revenues increased 1.3% to $211 million. Service and parts revenues rose 1.6% to $867.1 million, while fleet and wholesale revenues declined 0.8% to $375.6 million. Same-store revenues grew 5.7% to $7.12 billion.

Retail automotive gross profit slipped 0.7% to $1.16 billion, with gross margin contracting to 15.8% from 16.9%. New vehicle gross profit per retail unit fell 10.4% to $4,782, while used vehicle gross profit per unit declined 8.8% to $2,095. Service and parts gross profit increased 3.1% to $517 million.

Truck Market ImprovementRetail commercial truck revenues declined 1.7% year over year to $927.8 million. Total new and used truck units retailed increased 1.7% to 5,431, as a 64.8% jump in used units offset a 7.8% decline in new units. Retail commercial truck gross profit slipped 0.6% to $142.8 million, while gross margin improved 20 basis points to 15.4%.

Class 8 market orders increased 170% in the second quarter. Premier Truck Group's backlog was about 10,400 units, with the majority expected to convert into retail sales in the second half of 2026. Used truck demand also strengthened as freight conditions improved.

Distribution Business Delivers GrowthCommercial Vehicle Distribution and Other revenues jumped 41.1% year over year to $283.9 million. Gross profit rose 30.5% to $57.7 million, although gross margin declined to 20.3% from 22%.

Australia's off-highway business was a key contributor, with revenues increasing 63% in the quarter. The company secured more than $300 million of orders during the period, bringing its 2026 secured order book to nearly $660 million, supported by energy solutions, mining and defense demand.

PAG Gets Lift From PTSPenske Transportation Solutions contributed $57.4 million in earnings to PAG, up 7% year over year. The improvement reflected growth in full-service leasing, better fleet utilization, lower operating expenses and lower interest costs.

PTS managed more than 379,200 trucks, tractors and trailers. Continued weakness in the rental market and a lower gain on used-truck sales partly offset the benefits from improved freight conditions and fleet-rightsizing actions.

Profitability Faces Margin PressureConsolidated gross profit edged up 0.4% to $1.36 billion, but gross margin narrowed to 15.9% from 16.8%. Selling, general and administrative expenses increased 3.2% to $974 million, and operating income declined 7.6% to $337.6 million.

Operating margin fell to 4% from 4.5%. Adjusted EBITDA was $401.8 million, up 0.3%, while other interest expense rose 53.2% to $33.1 million, reflecting higher borrowing costs associated with acquisitions.

Balance Sheet and Capital ReturnsFor the first six months of 2026, cash flow from operations totaled $418 million and capital expenditures were $134.9 million. As of June 30, liquidity was about $1.4 billion, including $69.5 million in cash.

PAG repurchased 265,104 shares for $42.5 million in the first half, leaving $221.2 million available under its repurchase authorization. The board also raised the quarterly dividend 1.4% to $1.44 per share, marking the company's 23rd consecutive quarterly increase.

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

VGM ScoresAt this time, Penske has a subpar Growth Score of D, however its Momentum Score is doing a lot better with a B. Following the exact same course, the stock has a score of B on the value side, putting it in the second quintile for this investment strategy.

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 upward for the stock, and the magnitude of these revisions looks promising. Interestingly, Penske has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

BlackRock Inc. purchased a new position in ArcBest Corporation (NASDAQ:ARCB – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,507,564 shares of the transportation company’s stock, valued at approximately $503,476,000. BlackRock Inc. owned about 15.69% of ArcBest at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Federated Hermes Inc. boosted its position in shares of ArcBest by 126.6% during the fourth quarter. Federated Hermes Inc. now owns 1,015 shares of the transportation company’s stock valued at $75,000 after buying an additional 567 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in ArcBest in the 2nd quarter worth about $85,000. Hantz Financial Services Inc. lifted its stake in ArcBest by 507.6% during the 4th quarter. Hantz Financial Services Inc. now owns 1,118 shares of the transportation company’s stock valued at $83,000 after acquiring an additional 934 shares during the period. PNC Financial Services Group Inc. lifted its stake in ArcBest by 8.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,775 shares of the transportation company’s stock valued at $175,000 after acquiring an additional 134 shares during the period. Finally, Quantbot Technologies LP boosted its holdings in shares of ArcBest by 146.3% during the 3rd quarter. Quantbot Technologies LP now owns 1,786 shares of the transportation company’s stock valued at $125,000 after acquiring an additional 1,061 shares during the last quarter. 99.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades ARCB has been the subject of a number of research analyst reports. Bank of America lifted their price target on shares of ArcBest from $138.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, June 5th. Stephens upgraded shares of ArcBest to a “strong-buy” rating in a report on Wednesday, July 8th. TD Cowen decreased their target price on shares of ArcBest from $175.00 to $155.00 and set a “hold” rating for the company in a research note on Thursday, July 30th. Weiss Ratings cut ArcBest from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, May 28th. Finally, Wall Street Zen upgraded ArcBest from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.23.

Read Our Latest Stock Analysis on ArcBest ArcBest Stock Down 4.2% Shares of ARCB stock opened at $134.45 on Tuesday. The stock has a market cap of $3.00 billion, a P/E ratio of 194.86, a PEG ratio of 0.46 and a beta of 1.57. ArcBest Corporation has a 52 week low of $59.43 and a 52 week high of $176.69. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.10. The company’s fifty day simple moving average is $145.61 and its two-hundred day simple moving average is $125.34.

ArcBest (NASDAQ:ARCB – Get Free Report) last issued its earnings results on Wednesday, July 29th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.12. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.17 billion. ArcBest had a return on equity of 7.92% and a net margin of 0.39%.The business’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.36 earnings per share. Analysts predict that ArcBest Corporation will post 6.9 EPS for the current fiscal year.

ArcBest Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.48 dividend on an annualized basis and a yield of 0.4%. ArcBest’s payout ratio is presently 69.57%.

Insider Activity at ArcBest In other news, Director Judy R. Mcreynolds sold 2,857 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $138.98, for a total transaction of $397,065.86. Following the sale, the director directly owned 50,048 shares of the company’s stock, valued at $6,955,671.04. This represents a 5.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Erin K. Gattis sold 6,163 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $140.00, for a total transaction of $862,820.00. Following the completion of the sale, the insider owned 24,286 shares in the company, valued at $3,400,040. This represents a 20.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 11,963 shares of company stock worth $1,678,066 over the last ninety days. Insiders own 0.98% of the company’s stock.

About ArcBest (Free Report)

ArcBest Corporation (NASDAQ: ARCB) is a transportation and logistics company that offers comprehensive freight and supply chain solutions across North America. Founded in 1923 as Arkansas Best Freight System, the company has evolved into a diversified service provider with both asset-based and asset-light operations. Its core businesses include less-than-truckload (LTL) shipping through ABF Freight, expedited full-truckload services via Panther Premium Logistics, and a range of logistics and supply chain management services under its ArcBest Integrated Logistics division.

The company’s asset-based operations also encompass FleetNet America, a provider of emergency roadside assistance and maintenance services for heavy-duty vehicles.

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5 Stocks to Buy in September Before Wall Street Catches OnMongoDB NASDAQ: MDB said enterprises moving artificial intelligence applications and autonomous agents into production need unified data architectures that combine operational information, historical records, business rules and security controls.

Speaking during The 2026 Six Five AI Summit, Ashish Kumar, MongoDB’s senior vice president and technical fellow, said the focus of enterprise AI development has shifted from selecting foundation models to providing those models with trusted, current context.

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MongoDB Is Surging—And the Next Catalyst Is Almost Here“We’re moving from this static, deterministic code to these autonomous AI agents that are perceiving, reasoning, and acting on the fly,” Kumar said. He argued that organizations initially added standalone vector databases to legacy technology stacks as generative AI adoption accelerated, but that approach created data synchronization problems and latency.

According to Kumar, enterprises cannot effectively operate AI in production when vector data, operational data and security rules are maintained in separate systems. Instead, he said companies need a unified platform that can provide AI applications with data and governance in the same environment.

Context, memory and operational data MarketBeat Week in Review – 06/01 - 06/05Kumar described foundation models as sophisticated reasoning engines that lack knowledge of an individual company’s operations without relevant context. He defined useful context as the combination of real-time operational signals, historical records and explicit business rules that an AI system can consume and trust.

Without that context, he said, models may make educated guesses based on raw text rather than decisions grounded in current business conditions. Kumar cited AT&T as an example, saying the telecommunications company combines real-time network signals and historical outage data to help AI determine where repair crews should be sent.

Kumar said that effort avoided 3.1 million unnecessary dispatches and saved $12 million in downtime. He emphasized that poor context can create material consequences when AI agents are used in physical operations or interact with billing systems.

The MongoDB executive also highlighted the importance of statefulness and memory for agentic applications. An agent that cannot retain information from earlier steps, understand user objectives or remember preferences over time is “really just an expensive chatbot,” he said.

For complex processes involving multiple steps and approvals, agents need to preserve their state over extended periods, Kumar said. He characterized that need as a core data challenge, particularly at large scale.

Kumar said an unnamed frontier AI laboratory moved more than 50 billion conversations from Postgres to MongoDB Atlas in four weeks to address conversational-state requirements. The system involved hundreds of petabytes of conversational state, with sub-millisecond reads and no reported downtime, according to Kumar.

Flexibility and performance MongoDB customers are increasingly moving beyond experimental chatbot projects and integrating agentic workflows into mission-critical business processes, Kumar said. Based on his discussions with roughly 100 MongoDB customers over the prior nine months, he identified real-time performance and architectural flexibility as two key requirements.

AI agents need access to conversational history, enterprise context, semantic search and full-text search capabilities on current operational data, he said. Kumar added that an operational data layer must support spikes in reads and writes while maintaining low latency.

He cited Emergent Labs, a MongoDB customer, as an example of the value of flexible data modeling. Kumar said the company evaluated Postgres before selecting MongoDB Atlas because agents building applications require data models that can change frequently. He said Emergent Labs has powered about 2 million agentic applications on MongoDB.

Kumar also pointed to Macquarie, which built a retail business payments platform requiring continuous availability. He said MongoDB Atlas gave Macquarie portability across environments as it scaled to support millions of transactions, rather than tying the operation to a single cloud provider.

That flexibility is increasingly important because companies may need agents to operate near data held in other cloud environments or in on-premises, air-gapped networks, Kumar said. Organizations should be able to run the same agent functionality across those settings without rewriting it, he added.

Advice for enterprise AI deployments Kumar advised businesses to avoid adding more specialized point products simply to launch AI pilots quickly. He said each additional database or single-purpose tool can add synchronization delays, security risks and technical debt.

Rather than replacing legacy databases, Kumar recommended building an operational data layer in front of existing systems. Such a platform can consolidate and enrich data with metadata, create vector embeddings where data resides, and provide AI agents with controlled access to context, security rules and guardrails, he said.

He added that companies can connect a unified data layer to AI models and enterprise data through MCP and other available standards. The objective, Kumar said, is to create a practical foundation for AI agents that require resiliency, high throughput, low latency and trusted information.

About MongoDB (NASDAQ:MDB)MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company's platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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