Newmont Corporation (NEM - Free Report) came out with quarterly earnings of $2.1 per share, beating the Zacks Consensus Estimate of $2.05 per share. This compares to earnings of $1.43 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +2.44%. A quarter ago, it was expected that this gold and copper miner would post earnings of $2.07 per share when it actually produced earnings of $2.9, delivering a surprise of +40.1%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Newmont, which belongs to the Zacks Mining - Gold industry, posted revenues of $6.12 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 3.69%. This compares to year-ago revenues of $5.32 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Newmont shares have lost about 4.1% since the beginning of the year versus the S&P 500's gain of 9.6%.
What's Next for Newmont?While Newmont has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Newmont was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.99 on $6.27 billion in revenues for the coming quarter and $8.90 on $26.33 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Mining - Gold is currently in the bottom 6% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Agnico Eagle Mines (AEM - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 29.
This gold mining company is expected to post quarterly earnings of $2.92 per share in its upcoming report, which represents a year-over-year change of +50.5%. The consensus EPS estimate for the quarter has been revised 10% lower over the last 30 days to the current level.
Agnico Eagle Mines' revenues are expected to be $3.94 billion, up 40% from the year-ago quarter.
(Kitco News) - A 13% correction in gold prices during the second quarter has not been enough to derail the trajectory of the world's largest gold miner, after it delivered strong earnings and reaffirmed its full-year production guidance.
Newmont (NYSE: NEM) reported stronger-than-expected second-quarter earnings Thursday after the North American market close. The company said its earnings highlighted the resilience of its global portfolio despite lower gold prices and operational disruptions during the quarter.
The Denver-based miner reported net income of $2.2 billion, or $2.06 per diluted share, on revenue of $6.1 billion. Adjusted net income totaled $2.2 billion, or $2.10 per share, while adjusted EBITDA came in at $3.8 billion. The company also said it generated record second-quarter free cash flow of $2.2 billion
Newmont’s earnings beat analysts' consensus estimate of $1.98 per share
"Newmont delivered another quarter of strong operational and financial performance, producing approximately 1.3 million attributable gold ounces and generating record second-quarter free cash flow of $2.2 billion, while remaining on track to achieve our full-year 2026 guidance," said President and CEO Natascha Viljoen. "Supported by our strong balance sheet and consistent capital allocation framework, we returned $1.9 billion to shareholders through quarterly dividends and ongoing share repurchases executed since our last earnings call, while continuing to invest in the long-term strength of our business."
Although gold prices corrected sharply during the quarter, Newmont's realized gold price remained historically elevated at $4,414 an ounce. That was down from $4,900 an ounce in the first quarter but still well above the $3,320 an ounce realized during the same period last year. Gold sales totaled 1.20 million ounces during the quarter.
Attributable gold production totaled 1.29 million ounces, down just 1% from the first quarter despite production interruptions at the company's Cadia operation in Australia following seismic events. Lower output from Cadia, Ahafo South, Peñasquito and Yanacocha was partially offset by stronger production at Lihir, Boddington and the Pueblo Viejo joint venture. Newmont said operations at Cadia returned to normal levels by mid-June.
While production proved resilient, lower gold prices and operational disruptions pushed costs higher. Gold by-product all-in sustaining costs rose to $1,621 an ounce from $1,029 an ounce in the previous quarter, driven primarily by lower production volumes, higher sustaining capital spending and additional costs incurred at Cadia during the temporary shutdown. However, Newmont noted that year-to-date costs remain well below its full-year guidance.
Despite the increase in costs, Newmont continued to generate significant cash and return capital to shareholders. Since its last earnings report, the company has returned $1.9 billion through dividends and share repurchases, including $1.7 billion in share buybacks. Since February 2024, Newmont has reduced its outstanding share count by more than 100 million shares, or roughly 9%, increasing shareholders' exposure to future free cash flow generation.
The miner ended the quarter with $9.0 billion in cash, $13.0 billion in total liquidity and a net cash position of $3.4 billion. The company's board also declared a quarterly dividend of $0.26 per share, payable Sept. 28 to shareholders of record as of Sept. 3.
Newmont also highlighted progress on several long-term initiatives during the quarter, including receiving key regulatory approvals from the Province of British Columbia for the Red Chris Block Cave project. The approvals, including an amended Environmental Assessment Certificate completed through a consent-based process with the Tahltan Nation, mark an important milestone as the project advances toward a final investment decision.
Looking ahead, the senior producer reaffirmed its 2026 guidance, forecasting attributable gold production of approximately 5.26 million ounces with gold all-in sustaining costs of around $1,680 an ounce. The company expects production to be weighted slightly toward the second half of the year, with stronger output anticipated from Boddington, Tanami, Lihir, Cerro Negro and Brucejack. Third-quarter production is expected to be broadly in line with second-quarter levels.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
Salesforce (CRM - Free Report) closed the most recent trading day at $156.93, moving -3.72% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 1.21%. Elsewhere, the Dow lost 0.97%, while the tech-heavy Nasdaq lost 2.15%.
The customer-management software developer's stock has climbed by 6.7% in the past month, exceeding the Computer and Technology sector's loss of 4.58% and the S&P 500's gain of 0.42%.
Investors will be eagerly watching for the performance of Salesforce in its upcoming earnings disclosure. The company's upcoming EPS is projected at $3.27, signifying a 12.37% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $11.3 billion, reflecting a 10.44% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $14.12 per share and a revenue of $46.09 billion, signifying shifts of +12.78% and +10.99%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Salesforce. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 0.14% fall in the Zacks Consensus EPS estimate. At present, Salesforce boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Salesforce is presently being traded at a Forward P/E ratio of 11.55. Its industry sports an average Forward P/E of 18.63, so one might conclude that Salesforce is trading at a discount comparatively.
One should further note that CRM currently holds a PEG ratio of 0.64. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Software industry currently had an average PEG ratio of 1.01 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 152, placing it within the bottom 39% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Harding Loevner has entered the ETF market with the International Developed Markets Select Equity ETF (NYSEARCA:LOEV), an actively managed fund that buys stocks of companies based in developed markets outside the United States. According to the fund’s prospectus dated June 12, 2026, LOEV lists on NYSE Arca and is issued by Harding, Loevner Funds, Inc., the fund arm of the Bridgewater, New Jersey investment firm that has spent decades running mutual funds and separately managed accounts for institutions.
The fund carries a management fee of 0.70%, with 0.00% in other expenses, for a total annual operating expense of 0.70%. On a $10,000 investment, that works out to about $70 a year. As of July 21, 2026, LOEV traded at $15.52, with only a handful of trading days behind it so far.
What the Fund Does LOEV is actively managed, meaning a team at Harding Loevner picks the holdings rather than tracking an index. According to the prospectus, the managers conduct fundamental research to identify companies that are “well managed, financially sound, fast growing, and strongly competitive, and whose shares are reasonably priced relative to estimates of their value.” That is a quality-growth style: owning durable businesses at prices the managers view as reasonable, rather than chasing whatever is cheapest or most in favor.
The fund’s stated benchmark is the MSCI World ex US Net (USD) index, and the portfolio is diversified across geography, industry, currency, and market capitalization, normally holding stocks across at least 10 countries. Harding Loevner has not yet published LOEV’s full holdings, but the kinds of large developed-market names that fit this universe include ASML Holding (NASDAQ:ASML | ASML Price Prediction) in the Netherlands, Novo Nordisk (NYSE:NVO) in Denmark, SAP (NYSE:SAP) in Germany, and Shopify (NASDAQ:SHOP) in Canada.
Nothing exotic sits under the hood. There is no leverage, no options overlay, no crypto exposure, and no single-stock concentration. The predecessor portfolio’s turnover rate was 28%, which points to a patient, low-churn approach if the ETF follows the same playbook.
Why It Exists and How It Stacks Up Harding Loevner has been in business since 1989 and managed approximately $40.9 billion in assets as of December 31, 2025. The firm is known primarily among advisors and institutions for its international and global equity strategies. Wrapping one of those strategies in an ETF gives everyday investors access to the approach with the trading flexibility and typical tax efficiency of the ETF structure.
The competitive picture is a study in trade-offs. The largest passive rival, the Vanguard FTSE Developed Markets ETF, charges a rock-bottom expense ratio of 0.03%, and the iShares Core MSCI EAFE and Schwab International Equity funds sit in the same low-cost neighborhood. LOEV’s 0.70% fee is materially higher. That extra cost buys active stock selection and Harding Loevner’s quality-growth screen, and it is up to investors to decide whether they think that lens will beat a plain index over time.
Who It Might Suit, and the Risks The fund is designed for investors who want dedicated exposure to developed international markets and prefer an actively managed approach over broad-index tracking. It could fit as the international-equity sleeve of a diversified portfolio, alongside U.S. and emerging-markets holdings.
The caveats deserve serious weight. LOEV has no ETF performance history to judge, only two trading days of price data as of this writing. New ETFs often launch with small assets and wide bid-ask spreads, and funds that fail to gather assets sometimes close. The prospectus also flags investment style risk, noting that a quality-growth approach can lag when markets reward value or high current dividends instead. Currency swings, foreign-market volatility, and concentration in a manager’s stock picks are all part of the package.
For now, the things worth watching are how quickly LOEV attracts assets, how tightly it trades, and whether Harding Loevner’s active picks can justify the fee gap versus penny-cheap index rivals over its first full year.
Contact [email protected] for any questions or corrections.
A logo on the SAP exhibition space at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 15, 2022.... Purchase Licensing Rights, opens new tab Read more
July 23 (Reuters) - SAP's (SAPG.DE), opens new tab finance chief said on Thursday that artificial intelligence in enterprise software must move beyond chatbots and coding tools into more complex business processes, where clean data, reliability and cost control matter more than access to the most powerful model.
Companies have poured money into generative AI but are still seeking evidence of broad productivity gains, and SAP is arguing that the returns will come less from general-purpose models than from governed systems embedded in specific business processes.
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CFO Dominik Asam told reporters after SAP's second-quarter results that the "lion's share" of AI token consumption today was spent in "low-hanging fruits" coding assistant and chatbots, where AI's hallucinations matter less because the output carries limited risk if it fails.
But applying AI to finance, supply chain or other core business processes is harder because errors carry over multiple steps, increasing risk against compliance standards, he said.
"If you have some hallucinations in the process, the errors will actually compound statistically over many steps," Asam said, referring to finance workflows. "It requires much more excruciating assurance levels."
The "high-hanging fruit" of AI, Asam said, is less about applying a generic plug-and-play large language model across a company than about building systems around specific businesses.
That requires companies to make their own data usable and governed, so AI can operate with the knowledge of the company. "The idea that AI will solve all these problems if they are messy, legacy data silos is not true," Asam said, adding that such an approach came with "extremely high token costs."
The most advanced model is not always the right one, he said. In practice, he said, companies will use the cheapest reliable tool that can deliver the required outcome safely, whether that is simple software, an open-source model or an expensive frontier model.
Reporting by Leo Marchandon in Gdansk; Editing by Alistair Bell
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Leo's stories appear regularly on the technology and media desk, with a particular focus on France, Ukraine, and Europe's tech build up. He has reported extensively on major players across media & entertainment, artificial intelligence, and digital regulations. A background in tech-related law, Leo started his journalism career in Bordeaux, where he covered the full spectrum of the technology beat, from AI and spacetech to payment systems and regulations. He is now based in Gdansk, covering business, tech and entertainment news across Europe with Reuters.
SAP SE (SAP) Q2 2026 Earnings Call July 23, 2026 5:00 PM EDT
Company Participants
Alexandra Kasper Steiger - Global Head of Investor Relations
Christian Klein - CEO & Member of Executive Board
Dominik Asam - CFO & Member of Executive Board
Conference Call Participants
Adam Wood - Morgan Stanley, Research Division
Mohammed Moawalla - Goldman Sachs Group, Inc., Research Division
Ben Castillo-Bernaus - BNP Paribas, Research Division
S. Kirk Materne - Evercore ISI Institutional Equities, Research Division
Michael Briest - UBS Investment Bank, Research Division
Charles Brennan - Jefferies LLC, Research Division
Frederic Boulan - BofA Securities, Research Division
Toby Ogg - JPMorgan Chase & Co, Research Division
Michael Turrin - Wells Fargo Securities, LLC, Research Division
Presentation
Operator
Ladies and gentlemen, thank you for standing by. Welcome, and thank you for joining the SAP Q2 and Half Year 2026 Financial Results Conference Call. [Operator Instructions]
I would now like to turn the conference over to Alexandra Steiger, Global Head of Investor Relations. Please go ahead.
Alexandra Kasper Steiger
Global Head of Investor Relations
Good evening, everyone, and welcome. Thank you for joining us. With me today are CEO, Christian Klein; and CFO, Dominik Asam. On this call, we will discuss SAP's second quarter 2026 results. You can find the deck supplementing this call as well as our quarterly statement on our Investor Relations website.
During this call, we will make forward-looking statements, which are predictions, projections or other statements about future events. These statements are based on current expectations and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to differ materially. Additional information regarding these risks and uncertainties may be found in our filings with the SEC, including, but not limited to, the Risk Factors section of our annual report on Form 20-F for 2025. Unless otherwise stated, all numbers on this call are non-IFRS and growth rates and
Gold.com (GOLD - Free Report) ended the recent trading session at $39.53, demonstrating a -1.69% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 1.21%. At the same time, the Dow lost 0.97%, and the tech-heavy Nasdaq lost 2.15%.
Coming into today, shares of the precious metals trading company had lost 2.69% in the past month. In that same time, the Finance sector gained 2.12%, while the S&P 500 gained 0.42%.
The upcoming earnings release of Gold.com will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.96, reflecting a 26.32% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $7.76 billion, up 209.04% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $5.31 per share and a revenue of $28.27 billion, demonstrating changes of +144.7% and +157.52%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Goldcom. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. At present, Gold.com boasts a Zacks Rank of #3 (Hold).
In the context of valuation, Gold.com is at present trading with a Forward P/E ratio of 11.08. This signifies a premium in comparison to the average Forward P/E of 10.75 for its industry.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 186, which puts it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Agnico Eagle Mines (AEM - Free Report) ended the recent trading session at $144.51, demonstrating a -1.73% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 1.21% for the day. Elsewhere, the Dow lost 0.97%, while the tech-heavy Nasdaq lost 2.15%.
Shares of the gold mining company witnessed a loss of 4.18% over the previous month, trailing the performance of the Basic Materials sector with its loss of 3.33%, and the S&P 500's gain of 0.42%.
Market participants will be closely following the financial results of Agnico Eagle Mines in its upcoming release. The company plans to announce its earnings on July 29, 2026. The company is expected to report EPS of $2.92, up 50.52% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $3.94 billion, up 39.96% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $12.09 per share and revenue of $16.2 billion, which would represent changes of +46.01% and +36.02%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Agnico Eagle Mines. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 8.42% lower. Agnico Eagle Mines is currently a Zacks Rank #5 (Strong Sell).
Investors should also note Agnico Eagle Mines's current valuation metrics, including its Forward P/E ratio of 12.16. This valuation marks a premium compared to its industry average Forward P/E of 10.12.
We can also see that AEM currently has a PEG ratio of 2.2. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Mining - Gold industry currently had an average PEG ratio of 0.67 as of yesterday's close.
The Mining - Gold industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 232, this industry ranks in the bottom 6% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Oracle Corp (NYSE:ORCL) shares are rising in extended trading Thursday after the company was awarded a 10-year defense contract.
Oracle stock is gaining positive traction. What’s pushing ORCL stock higher? Oracle Gets $7 Billion Software ContractThe U.S. Defense Department has awarded Oracle a 10-year, $7 billion enterprise software agreement. The deal, negotiated by the Department of the Navy, is the first direct award contract with Oracle covering the department’s on-premises Oracle usage.
The deal consolidates licensing and gives the department better visibility into enterprise usage and spending, which it said will help optimize technology budgets.
“By fundamentally improving how we procure on-premises Oracle capabilities, we are driving at least $441 million in taxpayer savings while rapidly and effectively serving our warfighters,” said Kirsten Davies, chief information officer for the Defense Department.
“This nearly $7 billion agreement with Oracle strengthens our digital ecosystem, supporting our warfighters with secure, scalable technology to dominate current and future missions.”
The agreement is structured as a five-year base period with a five-year option period.
ORCL Shares Rise After HoursORCL Price Action: Oracle shares were up 2.27% in after-hours Thursday, trading at $122.74 at the time of publication, according to Benzinga Pro.
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In the latest close session, Oracle (ORCL - Free Report) was down 4.61% at $120.04. This change lagged the S&P 500's daily loss of 1.21%. On the other hand, the Dow registered a loss of 0.97%, and the technology-centric Nasdaq decreased by 2.15%.
The software maker's stock has dropped by 20.12% in the past month, falling short of the Computer and Technology sector's loss of 4.58% and the S&P 500's gain of 0.42%.
Analysts and investors alike will be keeping a close eye on the performance of Oracle in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.72, indicating a 17.01% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $19.13 billion, indicating a 28.14% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $8.03 per share and revenue of $89.72 billion, which would represent changes of +5.24% and +33.2%, respectively, from the prior year.
Any recent changes to analyst estimates for Oracle should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.03% increase. Oracle is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, Oracle is at present trading with a Forward P/E ratio of 15.66. This represents no noticeable deviation compared to its industry average Forward P/E of 15.66.
Investors should also note that ORCL has a PEG ratio of 0.64 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Computer - Software industry currently had an average PEG ratio of 1.23 as of yesterday's close.
The Computer - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 95, placing it within the top 39% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Digital Realty Trust (DLR - Free Report) came out with quarterly funds from operations (FFO) of $2.13 per share, beating the Zacks Consensus Estimate of $1.98 per share. This compares to FFO of $1.87 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of +7.58%. A quarter ago, it was expected that this real estate investment trust would post FFO of $1.94 per share when it actually produced FFO of $2.04, delivering a surprise of +5.15%.
Over the last four quarters, the company has surpassed consensus FFO estimates three times.
Digital Realty Trust, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $1.92 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 15.59%. This compares to year-ago revenues of $1.49 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
Digital Realty Trust shares have added about 15.3% since the beginning of the year versus the S&P 500's gain of 9.6%.
What's Next for Digital Realty Trust?While Digital Realty Trust 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 FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Digital Realty Trust was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus FFO estimate is $2.00 on $1.69 billion in revenues for the coming quarter and $8.04 on $6.72 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, REIT and Equity Trust - Other is currently in the top 23% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Cousins Properties (CUZ - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 30.
This real estate company is expected to post quarterly earnings of $0.74 per share in its upcoming report, which represents a year-over-year change of +5.7%. The consensus EPS estimate for the quarter has been revised 0.7% higher over the last 30 days to the current level.
Cousins Properties' revenues are expected to be $256.53 million, up 7.9% from the year-ago quarter.
Digital Realty Trust (DLR - Free Report) reported $1.92 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 28.9%. EPS of $2.13 for the same period compares to $2.94 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.66 billion, representing a surprise of +15.59%. The company delivered an EPS surprise of +7.58%, with the consensus EPS estimate being $1.98.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Digital Realty Trust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Earnings per Share (Diluted): $1.21 versus the five-analyst average estimate of $0.46.Revenues- Rental revenues: $1.15 billion versus the five-analyst average estimate of $1.12 billion. The reported number represents a year-over-year change of +14.2%.Revenues- Interconnection and other: $130.41 million versus $126.76 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +6.9% change.Revenues- Fee Income: $248.93 million versus the five-analyst average estimate of $33.79 million. The reported number represents a year-over-year change of +623.1%.Revenues- Tenant reimbursements (Utilities + Other): $398.29 million compared to the $373.69 million average estimate based on five analysts. The reported number represents a change of +20% year over year.Revenues- Other: $0.48 million versus the four-analyst average estimate of $0.47 million. The reported number represents a year-over-year change of -64.8%.Revenues- Tenant reimbursements- Other: $45.39 million compared to the $39.54 million average estimate based on four analysts. The reported number represents a change of +21.5% year over year.Revenues- Tenant reimbursements- Utilities: $352.9 million versus the four-analyst average estimate of $333.75 million. The reported number represents a year-over-year change of +19.8%.View all Key Company Metrics for Digital Realty Trust here>>>
Shares of Digital Realty Trust have returned -7.6% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
3 Ways to Play the Data Center Land GrabDigital Realty Trust NYSE: DLR raised its 2026 earnings outlook after reporting a second quarter marked by record leasing in smaller deployments and interconnection, unusually strong renewal pricing and a sharply larger backlog.
On the company’s second-quarter 2026 earnings call, Jordan Sadler, senior vice president of public and private investor relations, said results exceeded internal expectations across revenue, adjusted EBITDA and core funds from operations. Core FFO excluding net promote income reached $2.13 per share, up 14% from a year earlier, while reported core FFO was $2.65 per share, including $0.52 per share from net promote income.
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3 REITs to Watch as AI Data Center Spending Surpasses Office ConstructionChief Financial Officer Matt Mercier said Digital Realty is increasing its 2026 core FFO per share guidance, excluding net promote income, to a range of $8.15 to $8.20. The midpoint implies double-digit growth over 2025 and would represent a second consecutive year of double-digit core FFO per share growth, he said.
Bookings and renewals hit records President and Chief Executive Officer Andy Power said the company’s “business is firing on all cylinders,” pointing to momentum across colocation and connectivity, hyperscale deployments and strategic private capital.
The Top 3 Investment Themes That Will Dominate 2026Digital Realty reported $108 million of bookings in its zero-to-one-megawatt plus interconnection category during the quarter, a third consecutive quarterly record and roughly double the level the company said it was averaging about two years ago. Mercier said the result was 11% above the prior record set in the first quarter, with EMEA reaching a new quarterly high and activity strongest in the sub-300 kilowatt band.
Interconnection bookings also reached a record $20.5 million, up 18% from the prior year. Power said customers deploying AI-enabled applications increasingly need environments that combine power, proximity and connectivity, a trend he said supports the company’s PlatformDIGITAL strategy.
Renewal activity was another highlight. Mercier said Digital Realty signed more than $261 million of renewals with cash re-leasing spreads above 25%. Renewals in the zero-to-one-megawatt category accounted for 55% of the total and produced a 5.2% cash mark-to-market, while greater-than-one-megawatt renewals accounted for 44% of the total and delivered a 66.7% mark-to-market. He said renewal strength was most pronounced in APAC, with outsized spreads in Singapore.
Backlog rises to new high The company’s total backlog reached $1.9 billion at 100% share at the end of the second quarter, or $1.4 billion at Digital Realty’s share. Mercier said the company’s share of backlog has risen 75% since the beginning of the year and now represents about 30% of in-place data center rent.
Digital Realty commenced $208 million of annualized rent during the quarter, its third-strongest commencement quarter on record. Mercier said $635 million of annualized rent is scheduled to commence in the second half of 2026, followed by $480 million in 2027 and $312 million already scheduled for 2028 and beyond.
After quarter-end, the company signed two additional U.S. hyperscale leases representing about $410 million of annualized rent at 100% share, or $205 million at Digital Realty’s share. Those leases were not included in the second-quarter backlog figure.
Development pipeline expands as hyperscale demand continues Digital Realty invested $1.1 billion in development capital expenditures during the quarter, net of partner contributions, bringing year-to-date spending to $2 billion. The company delivered 76 megawatts of new IT capacity, about 60% of which was pre-leased, and began development of 312 megawatts of additional capacity.
Mercier said the development pipeline expanded to 1.4 gigawatts under construction at a total cost of $20 billion, doubling during the first half of 2026. Pro forma for hyperscale leases signed in July, the pipeline is 63% pre-leased at an average expected stabilized yield of 11.5%. More than 80% of active development is in the Americas, with Northern Virginia the largest development market and significant activity also underway in Charlotte, Atlanta and São Paulo.
The company also announced an expansion into the Kansas City metro, where it secured 600 megawatts of utility power beginning to ramp in early 2028, with a long-term runway of up to two gigawatts. In response to an analyst question, Chief Investment Officer Greg Wright said Digital Realty views Kansas City as a potential major U.S. data center market, citing its central location, fiber availability and low-latency connectivity.
Strategic transactions broaden platform Digital Realty closed a transaction to acquire Blackstone’s ownership interest in three fully leased hyperscale data centers in Northern Virginia totaling 288 megawatts of IT capacity. Mercier said the company paid $1.2 billion in cash, issued 12.3 million shares valued at about $2.3 billion, assumed Blackstone’s share of a $725 million loan and took on remaining capital expenditures needed to finish construction and fit-out.
The company also announced plans to acquire a 16% interest in Teraco for about $650 million of Digital Realty common stock and Columbia Capital for approximately $485 million, with both transactions expected to close in the second half of the year. Power said the Columbia Capital deal would add more than $9 billion of fund commitments and expand Digital Realty’s private capital platform into adjacent digital infrastructure sectors, including fiber, mobility and enterprise technology.
Mercier said the Blackstone transaction generated roughly $200 million of promote income during the quarter, reflecting value created through development and lease-up of the joint venture assets. Net promote income contributed $0.52 per share to reported core FFO, though the company presented results excluding that benefit because it was not included in prior 2026 guidance.
Balance sheet and outlook Digital Realty ended the quarter with debt to adjusted EBITDA of 4.7 times, which Mercier said remains below the company’s long-term threshold. He said the company has about $6 billion of liquidity and estimates more than $12 billion of remaining capacity to support hyperscale data center development when including private capital capacity.
The company also raised its 2026 outlook for cash renewal spreads to 9% to 11% and increased its constant-currency same-capital cash NOI growth forecast to 4.25% to 5.25%. Expected capital expenditures net of partner contributions rose to $4.25 billion to $4.75 billion, reflecting recent leasing success and customer demand.
Power said Digital Realty is also focused on operating responsibly as data centers receive more public attention. He cited the company’s 2025 impact report, including 93% renewable energy coverage globally, 205 sites matched with 100% renewable and emissions-free energy and a contracted renewable energy portfolio of about 1.7 gigawatts.
In closing remarks, Power said record bookings, a record backlog and strategic investments give the company confidence in its ability to deliver double-digit earnings growth into 2027 and beyond.
About Digital Realty Trust (NYSE:DLR)Digital Realty Trust, Inc NYSE: DLR is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty's offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.
Digital Realty's product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.
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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First Solar (FSLR - Free Report) closed at $205.92 in the latest trading session, marking a -1.41% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 1.21%. Elsewhere, the Dow lost 0.97%, while the tech-heavy Nasdaq lost 2.15%.
Shares of the largest U.S. solar company witnessed a loss of 15.9% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 5.23%, and the S&P 500's gain of 0.42%.
The investment community will be closely monitoring the performance of First Solar in its forthcoming earnings report. The company is scheduled to release its earnings on July 30, 2026. It is anticipated that the company will report an EPS of $2.74, marking a 13.84% fall compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.06 billion, showing a 3.31% drop compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $17.54 per share and a revenue of $5.1 billion, indicating changes of +23.43% and -2.21%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for First Solar. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.39% lower. First Solar currently has a Zacks Rank of #3 (Hold).
Investors should also note First Solar's current valuation metrics, including its Forward P/E ratio of 11.91. Its industry sports an average Forward P/E of 18.87, so one might conclude that First Solar is trading at a discount comparatively.
Investors should also note that FSLR has a PEG ratio of 0.46 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Solar industry had an average PEG ratio of 0.89.
The Solar industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 52, this industry ranks in the top 22% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
With reliable cash flows and long-term deals locked in, energy companies can offer shareholders a steady stream of passive income through dividend payouts. Two examples of that are Enbridge (ENB +0.27%) and Energy Transfer (ET +0.17%).
Each company offers a dividend that yields 5% or higher, but between the two, one stands out as the better option for passive income.
Image source: Getty Images.
Consistent dividend payouts Enbridge uses an all-of-the-above energy strategy through four core businesses:
Liquids pipelines Natural gas pipelines Gas utilities and storage Renewable energy Its gas and oil operations are massive, as Enbridge transports roughly 20% of the natural gas consumed in the U.S.and around 30% of the crude oil produced in North America.
With its assets, Enbridge is eyeing over 50 potential data center opportunities that would require natural gas and is expected to give the go-ahead on some projects in 2026 and 2027.
For renewable energy, Meta Platforms is one of the company's big-name customers. In 2025, Meta signed a contract to use all the solar energy produced at a facility under construction in Texas. Then, in May, Enbridge announced it was developing a battery energy storage and solar project to support Meta's data center operations in Wyoming.
In terms of passive income, Enbridge is a reliable dividend payer, with more than 70 years of payouts. It hasn't qualified as a Dividend King by increasing its dividend payout for 50 consecutive years, but it is on its way to becoming one, with 31 consecutive years of dividend increases. As of this writing, the dividend payout yields 5%.
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A shorter track record but a bigger yield Natural gas is the third-largest source of electricity for data centers worldwide, according to the International Energy Agency. With over 140,000 miles of pipeline and related infrastructure in 44 states, Energy Transfer is in the driver's seat for capitalizing on that demand.
It's already doing so, with an agreement to supply natural gas to three of Oracle's data centers. Both companies, however, are facing a recent setback: New Mexico regulators have rejected Energy Transfer's proposed pipeline across the state, which could delay Oracle's Project Jupiter data center from launching. According to a Bloomberg report, Oracle said the project remains on schedule.
It also has an indirect relationship with Meta, as it will supply gas to Entergy Louisiana, a subsidiary of Entergy, which will supply power for a data center project Meta has in the area. In addition, Enbridge announced in its 2026 first-quarter earnings report that it will provide natural gas transportation services to Nexus Data Centers for its artificial intelligence hyperscale campus.
For passive income, Energy Transfer doesn't have the same history as Enbridge, with decades of dividend payouts or consecutive dividend increases. But its dividend payout currently yields a hefty 6.6%, well above Enbridge's 5%.
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Picking the dividend stock winner Both companies could be portfolio considerations, but for passive income, I would pick Enbridge over Energy Transfer. While Energy Transfer's dividend payout offers a higher yield, Enbridge has history on its side as not only a reliable dividend payer for more than 70 years but also a reliable dividend increaser. That's exactly what you want with a passive income investment.
Airbnb, Inc. (ABNB - Free Report) closed the most recent trading day at $137.57, moving -1.77% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 1.21%. Elsewhere, the Dow saw a downswing of 0.97%, while the tech-heavy Nasdaq depreciated by 2.15%.
The stock of company has fallen by 3.01% in the past month, lagging the Consumer Discretionary sector's loss of 0.92% and the S&P 500's gain of 0.42%.
The investment community will be closely monitoring the performance of Airbnb, Inc. in its forthcoming earnings report. The company is scheduled to release its earnings on August 6, 2026. The company is forecasted to report an EPS of $1.2, showcasing a 16.5% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $3.58 billion, showing a 15.6% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.92 per share and a revenue of $13.97 billion, indicating changes of +22.08% and +14.14%, respectively, from the former year.
Any recent changes to analyst estimates for Airbnb, Inc. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.08% increase. Airbnb, Inc. currently has a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Airbnb, Inc. has a Forward P/E ratio of 28.48 right now. This represents a premium compared to its industry average Forward P/E of 16.53.
It is also worth noting that ABNB currently has a PEG ratio of 1.5. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Leisure and Recreation Services industry stood at 1.4 at the close of the market yesterday.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 83, placing it within the top 34% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ABNB in the coming trading sessions, be sure to utilize Zacks.com.
Kraft Heinz (KHC - Free Report) closed at $25.36 in the latest trading session, marking a -2.31% move from the prior day. This move lagged the S&P 500's daily loss of 1.21%. At the same time, the Dow lost 0.97%, and the tech-heavy Nasdaq lost 2.15%.
The stock of processed food company with dual headquarters in Pittsburgh and Chicago has risen by 13.16% in the past month, leading the Consumer Staples sector's gain of 3.66% and the S&P 500's gain of 0.42%.
Analysts and investors alike will be keeping a close eye on the performance of Kraft Heinz in its upcoming earnings disclosure. The company's earnings report is set to go public on August 5, 2026. In that report, analysts expect Kraft Heinz to post earnings of $0.53 per share. This would mark a year-over-year decline of 23.19%. Simultaneously, our latest consensus estimate expects the revenue to be $6.15 billion, showing a 3.13% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.07 per share and revenue of $24.44 billion, which would represent changes of -20.38% and -2.01%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Kraft Heinz. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.3% higher. Kraft Heinz is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, Kraft Heinz is holding a Forward P/E ratio of 12.53. For comparison, its industry has an average Forward P/E of 12.97, which means Kraft Heinz is trading at a discount to the group.
The Food - Miscellaneous industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 205, this industry ranks in the bottom 17% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
RESTON, Va.--(BUSINESS WIRE)--VeriSign, Inc. (NASDAQ: VRSN), a global provider of critical internet infrastructure and domain name registry services, today announced that, according to the latest Domain Name Industry Brief Quarterly Report from DNIB.com, the second quarter of 2026 closed with 401.6 million domain name registrations across all top-level domains (TLDs), an increase of 9.1 million domain name registrations, or 2.3% compared to the first quarter of 2026. Domain name registrations al.
Buffett Trims Apple, Bets Big on Alphabet Ahead of RetirementVeriSign NASDAQ: VRSN reported stronger second-quarter 2026 results, citing record domain name registrations, continued solid renewal rates and a rising contribution from artificial intelligence-related tools that management said are making it easier for users to get online.
Executive Chairman, President and CEO Jim Bidzos said the company’s combined .com and .net domain name base reached 179.1 million names at the end of the quarter, up 3.05 million from the prior quarter. New registrations totaled a record 12.7 million, compared with 11.5 million in the prior quarter and 10.4 million in the second quarter of 2025.
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Why These 3 Market-Beaters Are Backing Up Their Buyback Trucks“VeriSign delivered strong results in the second quarter of 2026, both operationally and financially,” Bidzos said. He also noted that the company marked 29 years of 100% availability for the .com and .net domain name resolution system.
Revenue and earnings rise Chief Financial Officer John Calys said VeriSign generated second-quarter revenue of $435 million, up 6% from the same period a year earlier. Operating income was $296 million, an increase of $16 million, or 5.6%, from the prior-year quarter.
3 American Outperformers Are Lifting and Initiating DividendsNet income totaled $217 million, compared with $207 million a year earlier. Diluted earnings per share were $2.38, up from $2.21 in the second quarter of 2025 and $2.34 in the prior quarter.
Operating cash flow was $232 million, while free cash flow was $213 million. That compared with operating cash flow of $202 million and free cash flow of $109 million in the year-ago period.
Calys said VeriSign ended the quarter with $1.034 billion in cash, cash equivalents and marketable securities. That total included $546 million of net proceeds from the issuance of 5.1% senior notes due in 2031. The company redeemed $550 million of outstanding 4.75% senior notes due in 2027 on July 20, reducing liquidity from the quarter-end level.
Domain growth guidance raised Management raised and narrowed its 2026 guidance for domain name base growth to a range of 5.2% to 6%, citing trends observed in the first half of the year and expectations for the second half.
Bidzos said the expected renewal rate for the second quarter was 75.2%, compared with 75.5% a year earlier. He added that the first-quarter renewal rate was the highest VeriSign had seen in 20 years, and that first-time renewal rates have remained in a tight range in the mid-40% area for several quarters.
According to Bidzos, the strongest regional growth in the second quarter came from the U.S. and EMEA. He said registrar engagement with VeriSign’s marketing programs and customer acquisition efforts supported demand, while AI tools are making domain discovery, content creation and website creation faster and easier.
“The strength in new registrations attests to the vital role of domain names in being discovered and establishing digital credibility,” Bidzos said.
In response to an analyst question, Bidzos said several factors were working together, including the company’s infrastructure, registrar execution and AI-related tailwinds. He said it was difficult to precisely separate the impact of each factor. He also addressed whether the upcoming November .com wholesale price increase could be pulling forward demand, saying VeriSign did not view that as “anything coming close to a material factor” in current registration strength.
Full-year financial outlook updated VeriSign updated its full-year financial guidance. The company now expects:
Revenue of $1.745 billion to $1.755 billion. Operating income of $1.185 billion to $1.195 billion. Interest expense and non-operating net expense of $59 million to $65 million. Capital expenditures of $55 million to $65 million. A GAAP effective tax rate of 22% to 25%. Calys said the capital expenditure outlook accounts for price increases in server memory chip markets, which he said have had a meaningful impact. He added that VeriSign has pulled forward some spending that otherwise would have been expected next year to avoid known upcoming price increases.
Bidzos said VeriSign would continue to make the necessary investments in equipment for its operations “without hesitation.”
.web delegated into DNS root zone Bidzos also highlighted VeriSign’s announcement that .web has been delegated into the global Domain Name System root zone, with VeriSign as the registry operator. He said the delegation followed the resolution of previous disputes related to the generic top-level domain.
VeriSign plans to begin offering .web domains through channel partners later this year and said it does not currently expect meaningful revenue or expenses from .web in 2026.
Bidzos said .web differs from .com because it is governed by a standard registry agreement with ICANN and is not subject to the same cooperative agreement structure that applies to .com. He said VeriSign will have “complete wholesale pricing flexibility” for .web, subject to a six-month notice requirement to registrars, and will be able to sell premium names, which it cannot do for .com or .net.
Management outlined the expected launch sequence for .web, including a required 90-day security testing period and a minimum 30-day period for trademark holders. Bidzos said VeriSign also intends to run a limited registration period that would allow .com holders the opportunity to register the corresponding .web name before general availability.
General availability is expected either late this year or very early next year, Bidzos said.
Capital returns and new products VeriSign’s board increased the company’s share repurchase authorization by $884 million, bringing total availability under the current program to $1.5 billion. The program has no expiration date.
The board also approved a quarterly cash dividend of $0.81 per share, payable Aug. 27, 2026, to shareholders of record as of Aug. 19, 2026. Bidzos said VeriSign returned more than 100% of free cash flow to shareholders over the last 12 months through $1.17 billion in repurchases and dividends.
Bidzos said VeriSign has not paused its new product efforts, although it delayed related blog rollouts while focusing on .web delegation. He said the products are security-focused and rely on the company’s infrastructure, public key infrastructure history and DNS security experience.
Management said the products are designed for performance, reliability and global scale, with Bidzos pointing to increasing reliance on online services, especially AI-related services, and the need for deeper deployment of security technologies.
About VeriSign (NASDAQ:VRSN)VeriSign, Inc NASDAQ: VRSN is an internet infrastructure company that operates critical components of the global Domain Name System (DNS) and provides cybersecurity-related services. The company is best known as the authoritative registry operator for the .com and .net top-level domains, maintaining the central databases and zone files that enable domain name resolution for millions of websites. VeriSign's registry role is performed under contractual agreements with Internet Corporation for Assigned Names and Numbers (ICANN) and involves high-availability, highly secure operations to support continuous internet connectivity.
In addition to its registry business, VeriSign offers a suite of services designed to protect and accelerate DNS and internet traffic for enterprises and service providers.
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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VeriSign (VRSN - Free Report) came out with quarterly earnings of $2.38 per share, beating the Zacks Consensus Estimate of $2.36 per share. This compares to earnings of $2.21 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +0.85%. A quarter ago, it was expected that this internet infrastructure services provider would post earnings of $2.2 per share when it actually produced earnings of $2.34, delivering a surprise of +6.36%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
VeriSign, which belongs to the Zacks Internet - Software and Services industry, posted revenues of $434.6 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.05%. This compares to year-ago revenues of $409.9 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.
VeriSign shares have added about 8.1% since the beginning of the year versus the S&P 500's gain of 9.6%.
What's Next for VeriSign?While VeriSign has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for VeriSign 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 $2.39 on $440.52 million in revenues for the coming quarter and $9.45 on $1.75 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, Internet - Software and Services is currently in the top 28% 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, Tyler Technologies (TYL - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 29.
This information management software provider is expected to post quarterly earnings of $3.09 per share in its upcoming report, which represents a year-over-year change of +6.2%. The consensus EPS estimate for the quarter has been revised 1.5% higher over the last 30 days to the current level.
Tyler Technologies' revenues are expected to be $646.95 million, up 8.5% from the year-ago quarter.
In the latest trading session, Lyft (LYFT - Free Report) closed at $14.02, marking a -4.37% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 1.21%. On the other hand, the Dow registered a loss of 0.97%, and the technology-centric Nasdaq decreased by 2.15%.
The stock of ride-hailing company has risen by 1.81% in the past month, leading the Computer and Technology sector's loss of 4.58% and the S&P 500's gain of 0.42%.
Analysts and investors alike will be keeping a close eye on the performance of Lyft in its upcoming earnings disclosure. The company's earnings report is set to go public on August 6, 2026. The company's upcoming EPS is projected at $0.39, signifying a 56.00% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.81 billion, reflecting a 13.68% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.57 per share and revenue of $7.3 billion, which would represent changes of +227.08% and +15.51%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Lyft. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Lyft is holding a Zacks Rank of #5 (Strong Sell) right now.
Investors should also note Lyft's current valuation metrics, including its Forward P/E ratio of 9.34. This indicates a discount in contrast to its industry's Forward P/E of 16.56.
Investors should also note that LYFT has a PEG ratio of 0.38 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Services industry currently had an average PEG ratio of 1.83 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 95, positioning it in the top 39% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
In the latest trading session, Bristol Myers Squibb (BMY - Free Report) closed at $61.40, marking a +1.05% move from the previous day. The stock outpaced the S&P 500's daily loss of 1.21%. Elsewhere, the Dow lost 0.97%, while the tech-heavy Nasdaq lost 2.15%.
The biopharmaceutical company's shares have seen an increase of 10.47% over the last month, surpassing the Medical sector's gain of 3.97% and the S&P 500's gain of 0.42%.
Investors will be eagerly watching for the performance of Bristol Myers Squibb in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 30, 2026. In that report, analysts expect Bristol Myers Squibb to post earnings of $1.59 per share. This would mark year-over-year growth of 8.9%. In the meantime, our current consensus estimate forecasts the revenue to be $11.67 billion, indicating a 4.87% decline compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.34 per share and a revenue of $47.48 billion, indicating changes of +3.09% and -1.48%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Bristol Myers Squibb. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.35% increase. Bristol Myers Squibb is currently sporting a Zacks Rank of #3 (Hold).
In the context of valuation, Bristol Myers Squibb is at present trading with a Forward P/E ratio of 9.58. For comparison, its industry has an average Forward P/E of 18.84, which means Bristol Myers Squibb is trading at a discount to the group.
One should further note that BMY currently holds a PEG ratio of 0.17. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Medical - Biomedical and Genetics was holding an average PEG ratio of 1.54 at yesterday's closing price.
The Medical - Biomedical and Genetics industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 93, which puts it in the top 38% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
In the latest trading session, Fiverr International (FVRR - Free Report) closed at $10.29, marking a -2% move from the previous day. This change lagged the S&P 500's 1.21% loss on the day. Elsewhere, the Dow lost 0.97%, while the tech-heavy Nasdaq lost 2.15%.
Shares of the online marketplace for freelance services witnessed a loss of 0.76% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 2.27%, and the S&P 500's gain of 0.42%.
Analysts and investors alike will be keeping a close eye on the performance of Fiverr International in its upcoming earnings disclosure. The company's earnings report is set to go public on July 29, 2026. The company's upcoming EPS is projected at $0.52, signifying a 24.64% drop compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $100.38 million, down 7.61% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.19 per share and revenue of $403.86 million, indicating changes of -25.76% and -6.28%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Fiverr International. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Fiverr International is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Fiverr International is currently trading at a Forward P/E ratio of 4.79. This indicates a discount in contrast to its industry's Forward P/E of 16.93.
The Internet - Commerce industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 158, positioning it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
In the latest trading session, Amgen (AMGN - Free Report) closed at $371.47, marking a +1.48% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 1.21%. Meanwhile, the Dow experienced a drop of 0.97%, and the technology-dominated Nasdaq saw a decrease of 2.15%.
Prior to today's trading, shares of the world's largest biotech drugmaker had gained 4.16% outpaced the Medical sector's gain of 3.97% and the S&P 500's gain of 0.42%.
The upcoming earnings release of Amgen will be of great interest to investors. The company's earnings report is expected on August 4, 2026. It is anticipated that the company will report an EPS of $5.6, marking a 6.98% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $9.45 billion, up 2.94% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $22.31 per share and a revenue of $37.73 billion, representing changes of +2.15% and +2.67%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Amgen. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.34% downward. Amgen is holding a Zacks Rank of #4 (Sell) right now.
Investors should also note Amgen's current valuation metrics, including its Forward P/E ratio of 16.41. Its industry sports an average Forward P/E of 18.84, so one might conclude that Amgen is trading at a discount comparatively.
Also, we should mention that AMGN has a PEG ratio of 3.7. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Medical - Biomedical and Genetics was holding an average PEG ratio of 1.54 at yesterday's closing price.
The Medical - Biomedical and Genetics industry is part of the Medical sector. Currently, this industry holds a Zacks Industry Rank of 93, positioning it in the top 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Sea Limited Sponsored ADR (SE - Free Report) closed the most recent trading day at $99.50, moving -5.13% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 1.21%. Elsewhere, the Dow lost 0.97%, while the tech-heavy Nasdaq lost 2.15%.
Shares of the company have appreciated by 13.08% over the course of the past month, outperforming the Computer and Technology sector's loss of 4.58%, and the S&P 500's gain of 0.42%.
The upcoming earnings release of Sea Limited Sponsored ADR will be of great interest to investors. On that day, Sea Limited Sponsored ADR is projected to report earnings of $1 per share, which would represent year-over-year growth of 17.65%. Simultaneously, our latest consensus estimate expects the revenue to be $7.34 billion, showing a 36.82% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.15 per share and revenue of $30.72 billion. These totals would mark changes of +26.14% and +30.84%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Sea Limited Sponsored ADR. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.86% decrease. Sea Limited Sponsored ADR is holding a Zacks Rank of #4 (Sell) right now.
Investors should also note Sea Limited Sponsored ADR's current valuation metrics, including its Forward P/E ratio of 25.3. This denotes a premium relative to the industry average Forward P/E of 18.63.
It's also important to note that SE currently trades at a PEG ratio of 0.79. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Internet - Software industry was having an average PEG ratio of 1.01.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 152, finds itself in the bottom 39% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Shares in Honeywell Technologies (HON +5.70%) rose by as much as 7.4% in early trading today on the back of an excellent set of results that completely surprised investors and further supported the idea that the industrial sector is firmly in recovery mode in 2026.
Honeywell surprises the market In a nutshell, Honeywell Technologies beat revenue and earnings expectations across all three of its segments; namely, building automation, process automation and technology, and industrial automation in its second quarter. In addition, management raised its full-year 2026 guidance for organic sales, profit margin, and earnings per share.
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Moreover, readers should note that the previous guidance was issued in early June, ahead of the Honeywell Aerospace spinoff. This indicates a recent strengthening of its business, which is giving management cause for confidence.
Key highlights from the full-year 2026 guidance update on the earnings report:
Organic sales growth expected to be 3%-4% compared to prior guidance for 2%-3% Segment margin expected to be 20.1%-20.5% compared to prior guidance for 19.8%-20.3% Adjusted EPS expected to be $8.05-$8.35 compared to prior guidance for $7.90-$8.30 Why Honeywell raised guidance Discussing the reasons why Honeywell raised guidance so soon after the June update, CEO Vimal Kapur noted that " Orders grew 16% organically with broad-based demand across all segments, resulting in a 9% increase in ending backlog. Notably, short-cycle orders grew double-digit across all segments."
Image source: Getty Images.
The pickup in short-cycle orders is particularly interesting, as it implies continued momentum in the industrial sector through 2026, with the Institute for Supply Management Purchasing Managers' Index having indicated growth in every month in 2026. It also suggests the negative impact of the conflict in Iran hasn't derailed the manufacturing recovery this year as yet.
Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Honeywell Technologies. The Motley Fool has a disclosure policy.
RTX Corp. delivered robust Q2 results with 14% sales growth, 21% higher EPS, and a record $289 billion backlog. Management raised 2026 sales guidance to $95–$96 billion and EPS to $7.10–$7.25, driven by Raytheon's defense momentum and improving Pratt & Whitney operations. Raytheon's 2.42 book-to-bill ratio and surging international orders underscore multiyear rearmament tailwinds, while Pratt's GTF issues are receding with operational improvements.
SummaryServiceNow is transitioning from a SaaS to an AI-driven PaaS, positioning itself as an orchestration layer for enterprise AI workflows.NOW’s new consumption-based pricing model, centered on AI 'Assists' rather than seat count, unlocks exponential revenue potential and aligns with enterprise automation trends.I estimate fair value at $150 per share, implying 46% upside, driven by AI integration, pricing power, and contract upsells for generative AI features.Key risks include the execution of the new pricing model, the integration of acquisitions, overreliance on AI upsell, and intensified competition from hyperscalers. JHVEPhoto/iStock Editorial via Getty Images
Introduction ServiceNow (NOW) is often viewed with a puzzling look on the faces of most investors because the company doesn't sell a tangible, consumer-facing product. Instead, it sells digital workflow automation to large companies. In this article, I'll
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of NOW either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
This article is for informational purposes only and is not intended as a recommendation. The information presented here is based on publicly available data, and I have no knowledge of your individual financial circumstances. It should not be construed as a recommendation or a solicitation to become a client of DocShah Financial, nor does it establish any advisory relationship between you, the reader, and DocShah Financial. It's important to note that conflicts of interest may exist, and I or my clients may have holdings in the stocks discussed and are subject to change at any time without prior notice. Any decision to invest should be based on your own research and consultation with a qualified financial advisor. Investing involves risks, and past performance is not indicative of future results. DocShah Financial or I may stand to gain from stock purchases, and readers should carefully consider their own risk tolerance and financial situation before making any investment decisions. You are fully responsible for any investment outcome.
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Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Intuit Inc. (NASDAQ: INTU) between August 22, 2025 and May 20, 2026, inclusive (the "Class Period"), of the important September 8, 2026 lead plaintiff deadline.
So What: If you purchased Intuit securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
What to do next: To join the Intuit class action, go to https://rosenlegal.com/cases/intuit-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 8, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Details of the case: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (1) they had overstated Intuit's competitive advantages and growth, as well as the overall strength and sustainability of its business model and operations; (2) in reality, Intuit was losing significant business in its tax-related business, particularly in its Turbo Tax business, as a result of, inter alia, increasing competitive and pricing pressures; (3) accordingly, Intuit's previously issued full year ("FY") 2026 TurboTax revenue growth guidance was unreliable and/or unrealistic; and (4) as a result, defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Intuit class action, go to https://rosenlegal.com/cases/intuit-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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Defense Earnings Show Readiness Now and Modernization AheadLockheed Martin NYSE: LMT reported what executives described as a strong second quarter of 2026, citing a record backlog, higher sales, improved earnings and a significant rebound in free cash flow. The defense contractor also raised its full-year outlook across key financial metrics, pointing to accelerating demand for munitions, F-35 aircraft, radar systems and space and missile defense programs.
Chairman, President and Chief Executive Officer Jim Taiclet said the company’s backlog reached an all-time high of $230 billion, while free cash flow totaled nearly $3 billion in the quarter. Chief Financial Officer Evan Scott said sales were $20.1 billion, up $1.9 billion, or 11%, from the prior-year period. Excluding unfavorable adjustments recorded in the second quarter of 2025, sales rose 7% year over year.
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Lockheed Martin Secures the Ultimate Defense MoatScott said segment operating margin was 10.8%, segment operating profit was $2.2 billion and earnings per share rose to $7.94. Free cash flow improved to $2.9 billion from negative $150 million in the same period last year, helped by the timing of customer receipts and lower tax payments.
Backlog climbs on munitions and missile defense awards Scott said Lockheed Martin recorded $65 billion of orders during the quarter and a book-to-bill ratio of 3.2 to 1. The largest award was a seven-year, $35 billion Missile Defense Agency contract to quadruple production of Terminal High Altitude Area Defense, or THAAD, interceptors.
Flying Under the Radar: Lockheed Martin's $2.8B Stealth SetupTaiclet said the quarter also included a $3 billion Army production contract for Guided Multiple Launch Rocket System, or GMLRS, covering the current version and a successor with twice the range from the same launcher. Lockheed Martin also received a HIMARS award valued at up to $1.1 billion for the U.S. Army, Marine Corps and as many as five allied nations.
Taiclet said the awards “strengthen the nation’s production base” by adding manufacturing capacity, additional supply sources and surge capability. He said Lockheed Martin had been increasing munitions capacity ahead of contracted demand and expanding manufacturing footprints in allied countries before co-production requirements became more prominent.
Company raises 2026 guidance Lockheed Martin raised its full-year 2026 sales outlook to a range of $79.75 billion to $81.75 billion, which Scott said represents an 8% year-over-year increase at the midpoint, up from prior guidance of 5% growth. Segment operating profit guidance was increased to $8.5 billion to $8.7 billion.
The company also raised its free cash flow outlook to $7 billion to $7.2 billion and projected earnings per share of $29.95 to $30.65. Scott said the earnings outlook was driven by higher year-to-date profits and a lower effective tax rate. Capital expenditure guidance was updated to a range of $2 billion to $2.4 billion, reflecting efficiencies in the Missiles and Fire Control munitions build-out.
Scott said every business segment is expected to grow faster in the second half of 2026 than in the first half, with Missiles and Fire Control leading the company’s growth.
Segment outlooks improve broadly Mark Kvasnak, vice president of investor relations, said Aeronautics is now expected to generate 2026 sales of $31.7 billion to $32.7 billion, supported by F-35 production and sustainment volumes. Aeronautics profit guidance was raised to $3 billion to $3.08 billion, though margins were projected modestly lower than prior guidance as the company scales new F-35 contracts, expands sustainment work and absorbs earlier F-16 and C-130 challenges.
Missiles and Fire Control sales are now projected at $16.5 billion to $16.9 billion, with profit expected between $2.3 billion and $2.35 billion. Kvasnak said the segment’s second-quarter sales were up 19% and profit rose 24% year over year.
Rotary and Mission Systems’ full-year sales outlook increased to $17.7 billion to $18.1 billion, supported by radar awards and Sikorsky production ramps. Profit guidance rose to $1.86 billion to $1.89 billion. Space sales are expected to range from $13.85 billion to $14.05 billion, supported by wins on the Next Generation Interceptor, Fleet Ballistic Missile and classified national security programs. Space profit guidance was lowered to $1.34 billion to $1.38 billion due to reduced ULA equity earnings tied to an ongoing technical investigation of a Vulcan launch anomaly earlier in the year.
Executives highlight technology investments and capacity expansion Taiclet said Lockheed Martin is investing in advanced manufacturing, automation, robotics and artificial intelligence-enabled production systems. He cited the opening of a missile assembly building in Courtland, Alabama, and the groundbreaking of a munitions production center in Troy, Alabama, as examples of recent capacity expansion.
The company also signed an agreement to acquire Ultra Maritime, which Taiclet said would enhance undersea sensing and autonomous sea drone capabilities. At the NATO summit, Lockheed Martin signed a memorandum of understanding with Rheinmetall toward a European Center of Excellence for ATACMS production. Taiclet also said the company welcomed efforts by the U.S., Germany, the Netherlands, Poland and Sweden to explore a dedicated PAC-3 missile maintenance facility in Europe.
Taiclet discussed several newer defense technology efforts, including the Sanctum Counter-UAS system using the Grizzly containerized launcher. He said the system moved from concept to successful live-fire testing in under 45 days by integrating existing components, including a battle manager, radar, launcher and JAGM missiles. He said the company is increasingly investing ahead of formal requests from customers when it believes it can anticipate mission needs.
Q&A focuses on acquisition models, demand and margin outlook During the analyst question-and-answer session, Taiclet said Lockheed Martin is seeking to become “America’s clear leader in the defense technology segment,” not only the largest defense prime contractor. He said the company is building “mission technology roadmaps” based on customer needs and investing before formal orders in some cases.
Asked about commercial-style acquisition models, Taiclet said multiyear munitions framework agreements are important because they provide industry with more confidence to invest. He said Lockheed Martin does not plan to take risks similar to the historical C-130J example unless it has confidence in long-term contractual arrangements.
On demand, Taiclet cited long-term need for the F-35, calling it the only in-production fifth-generation fighter in the free world. He said the company remains confident that a 156-aircraft annual production rate can be sustained for some time, despite budget-cycle uncertainty.
Scott said margins on the new THAAD contract are expected to be consistent with historical munitions production margins over time, though large ramps can create near-term dilution. He said Missiles and Fire Control margins should generally remain in the high-13% to low-14% range, with a goal of improving over historical levels as long-term agreements incentivize cost and schedule performance.
Taiclet closed the call by thanking Lockheed Martin employees, suppliers and military customers, saying the company is focused on delivering “reliable mission-ready capabilities and equipment” to U.S. and allied forces.
About Lockheed Martin (NYSE:LMT)Lockheed Martin Corporation NYSE: LMT is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.
Lockheed Martin's product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.
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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In the latest trading session, Booking Holdings (BKNG - Free Report) closed at $172.83, marking a -2.83% move from the previous day. The stock's change was less than the S&P 500's daily loss of 1.21%. At the same time, the Dow lost 0.97%, and the tech-heavy Nasdaq lost 2.15%.
Coming into today, shares of the online booking service had lost 1.87% in the past month. In that same time, the Retail-Wholesale sector gained 2.27%, while the S&P 500 gained 0.42%.
The investment community will be closely monitoring the performance of Booking Holdings in its forthcoming earnings report. The company is scheduled to release its earnings on August 4, 2026. The company's earnings per share (EPS) are projected to be $2.46, reflecting a 10.81% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.19 billion, up 5.71% from the year-ago period.
BKNG's full-year Zacks Consensus Estimates are calling for earnings of $10.45 per share and revenue of $29.4 billion. These results would represent year-over-year changes of +14.58% and +9.23%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Booking Holdings. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.09% upward. Booking Holdings is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Booking Holdings's current valuation metrics, including its Forward P/E ratio of 17.02. This indicates a premium in contrast to its industry's Forward P/E of 16.93.
Also, we should mention that BKNG has a PEG ratio of 1.06. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Commerce was holding an average PEG ratio of 1.11 at yesterday's closing price.
The Internet - Commerce industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 158, positioning it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Snap Inc (NYSE:SNAP) is expected to remain under pressure to demonstrate stronger advertising revenue growth when it reports second-quarter earnings, with Jefferies saying the company's ads business continues to be the key issue despite expectations for improving overall revenue growth.
The brokerage reiterated its ‘Buy’ rating on Snap while lowering its price target to $5.50 from $8, writing that although it remains positive on the company's engagement scale and long-term monetization opportunity, "the core issue remains ad rev growth, which has yet to show meaningful improvement."
Snap shares traded hands at about $4.40 on Thursday afternoon, down about 45% so far this year.
Jefferies expects Snap to report Q2 revenue growth of 14% year over year, in line with Wall Street estimates. The analysts wrote that advertising revenue should reaccelerate from 3% growth in the first quarter, helped by an easier year-over-year comparison and guidance that had already incorporated a full quarter of Middle East-related headwinds.
The firm said revenue from Snap+ subscriptions and Memories products remains more difficult to forecast because of limited visibility, though it remains constructive on the recent momentum in those businesses.
For the third quarter, Jefferies wrote that the Street's forecast for 13% year-over-year revenue growth appears achievable, with potential upside from World Cup-related advertising spending and Memories Storage. The analysts noted that consensus implies quarter-over-quarter revenue growth consistent with seasonal trends over the past three years, while the expiration of the 12-month Memories Storage grace period in September could provide an additional boost.
Jefferies also identified daily active user growth as a swing factor, citing age verification requirements and other regulatory changes. While the firm sees limited revenue risk from those changes, it noted they could weigh on investor sentiment if engagement growth slows further.
On profitability, Jefferies expects Snap to reiterate its full-year cost guidance following its April restructuring, including operating expenses of about $2.75 billion, other cost of goods sold at 16% to 17% of revenue, and infrastructure costs of $1.6 billion to $1.65 billion.
While Jefferies remains constructive on Snap's longer-term monetization opportunity, it wrote that continued investment in Specs following a weak initial reception, along with the collapse of a partnership with Perplexity, has tempered expectations, leaving the company's advertising growth as the primary focus heading into earnings.
In the latest close session, V.F. (VFC - Free Report) was down 3.73% at $16.53. This move lagged the S&P 500's daily loss of 1.21%. Meanwhile, the Dow experienced a drop of 0.97%, and the technology-dominated Nasdaq saw a decrease of 2.15%.
Prior to today's trading, shares of the maker of brands such as Vans, North Face and Timberland had lost 0.29% was narrower than the Consumer Discretionary sector's loss of 0.92% and lagged the S&P 500's gain of 0.42%.
Market participants will be closely following the financial results of V.F. in its upcoming release. The company plans to announce its earnings on July 29, 2026. The company is expected to report EPS of -$0.22, up 8.33% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.68 billion, down 4.85% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.1 per share and a revenue of $9.53 billion, indicating changes of +34.15% and -0.78%, respectively, from the former year.
Any recent changes to analyst estimates for V.F. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. V.F. is holding a Zacks Rank of #4 (Sell) right now.
In the context of valuation, V.F. is at present trading with a Forward P/E ratio of 15.61. This denotes a discount relative to the industry average Forward P/E of 16.35.
It is also worth noting that VFC currently has a PEG ratio of 1.19. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Textile - Apparel industry stood at 2.26 at the close of the market yesterday.
The Textile - Apparel industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 182, placing it within the bottom 27% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Kroger (KR - Free Report) ended the recent trading session at $55.76, demonstrating a -3.09% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 1.21%. Elsewhere, the Dow saw a downswing of 0.97%, while the tech-heavy Nasdaq depreciated by 2.15%.
The supermarket chain's shares have seen a decrease of 1.61% over the last month, not keeping up with the Retail-Wholesale sector's gain of 2.27% and the S&P 500's gain of 0.42%.
The investment community will be closely monitoring the performance of Kroger in its forthcoming earnings report. The company is forecasted to report an EPS of $1.05, showcasing a 0.96% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $34.78 billion, up 2.47% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.21 per share and a revenue of $151.36 billion, indicating changes of +7.42% and +2.52%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Kroger. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.12% lower. Kroger currently has a Zacks Rank of #3 (Hold).
With respect to valuation, Kroger is currently being traded at a Forward P/E ratio of 11.04. This represents a discount compared to its industry average Forward P/E of 14.47.
Investors should also note that KR has a PEG ratio of 1.54 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Retail - Supermarkets industry stood at 1.94 at the close of the market yesterday.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 219, finds itself in the bottom 11% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Marathon Digital Holdings, Inc. (MARA - Free Report) closed the most recent trading day at $12.77, moving +2.9% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 1.21%. Meanwhile, the Dow lost 0.97%, and the Nasdaq, a tech-heavy index, lost 2.15%.
Heading into today, shares of the company had lost 11.36% over the past month, lagging the Finance sector's gain of 2.12% and the S&P 500's gain of 0.42%.
Investors will be eagerly watching for the performance of Marathon Digital Holdings, Inc. in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 6, 2026. The company is forecasted to report an EPS of -$0.56, showcasing a 30.86% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $208.49 million, indicating a 12.58% decline compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$4.98 per share and a revenue of $797.06 million, representing changes of -34.96% and -12.13%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Marathon Digital Holdings, Inc. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Marathon Digital Holdings, Inc. presently features a Zacks Rank of #3 (Hold).
The Financial - Miscellaneous Services industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 186, placing it within the bottom 25% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Montreal, Quebec--(Newsfile Corp. - July 23, 2026) - Nio Strategic Metals Inc. (TSXV: NIO) (OTCQB: NIOCF) ("Nio" or the "Corporation"), a critical mineral exploration company, is pleased to announce that its common shares will begin trading on the OTCQB® Venture Market ("OTCQB") in the United States (U.S.) under the symbol "NIOCF" starting Friday, July 24, 2026. The Corporation's common shares will also continue to trade on the TSX-V under the symbol "NIO".
The Corporation's President and COO, Bruno Dumais, commented, "This listing on the OTCQB will improve access to Nio for U.S. investors. It is an important step in increasing our presence and visibility in the United States and will contribute to creating long-term shareholder value."
In conjunction with this listing, Nio will be meeting with U.S. investors.
The OTCQB Venture Market is designed for early-stage and developing U.S. and international corporations. Companies are current in their reporting and undergo an annual verification and management certification process. Investors can find real-time quotes and market information for the Corporation at www.otcmarkets.com/stock/NIOCF/quote.
About Nio Strategic Metals
Nio Strategic Metals is an exploration and development company, with a focus on becoming a ferroniobium producer. The Corporation holds niobium and critical metals properties located in Oka and near Mont-Laurier in the Province of Québec.
For more information on the Corporation, please refer to the Corporation's public documents available on SEDAR+ (www.sedarplus.ca) or on the Corporation's website (https://niostratmet.com/) or contact:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America.
Cautionary Statement on Forward-Looking Information
This news release contains forward-looking statements and forward-looking information (together, "forward looking statements") within the meaning of applicable Canadian securities laws. Statements, other than statements of historical facts, may be forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved", the negative of these terms and similar terminology although not all forward-looking statements contain these terms and phrases. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risk factors set out in Nio Strategic Metals' annual and/or quarterly management discussion and analysis and in other of its public disclosure documents filed on SEDAR+ at www.sedarplus.ca, as well as all assumptions regarding the foregoing. Although Nio Strategic Metals believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frame or at all. Except where required by applicable law, Nio Strategic Metals disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306369
Source: Nio Strategic Metals Inc.
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Allstate (ALL - Free Report) ended the recent trading session at $254.52, demonstrating a +1.07% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 1.21% for the day. At the same time, the Dow lost 0.97%, and the tech-heavy Nasdaq lost 2.15%.
The insurer's shares have seen an increase of 7.83% over the last month, surpassing the Finance sector's gain of 2.12% and the S&P 500's gain of 0.42%.
The investment community will be closely monitoring the performance of Allstate in its forthcoming earnings report. The company is scheduled to release its earnings on August 5, 2026. The company's earnings per share (EPS) are projected to be $5.61, reflecting a 5.56% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $17.73 billion, reflecting a 5.67% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $30.51 per share and a revenue of $71.42 billion, signifying shifts of -12.4% and +5.26%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Allstate. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.57% upward. As of now, Allstate holds a Zacks Rank of #2 (Buy).
In terms of valuation, Allstate is presently being traded at a Forward P/E ratio of 8.25. This valuation marks a discount compared to its industry average Forward P/E of 11.67.
It is also worth noting that ALL currently has a PEG ratio of 0.43. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Insurance - Property and Casualty industry currently had an average PEG ratio of 2.75 as of yesterday's close.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 152, which puts it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Ares Capital (ARCC - Free Report) closed at $18.61 in the latest trading session, marking a -1.33% move from the prior day. This change lagged the S&P 500's 1.21% loss on the day. On the other hand, the Dow registered a loss of 0.97%, and the technology-centric Nasdaq decreased by 2.15%.
The private equity firm's shares have seen an increase of 5.66% over the last month, surpassing the Finance sector's gain of 2.12% and the S&P 500's gain of 0.42%.
The investment community will be paying close attention to the earnings performance of Ares Capital in its upcoming release. The company is slated to reveal its earnings on July 29, 2026. It is anticipated that the company will report an EPS of $0.47, marking a 6% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $768.95 million, indicating a 3.22% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.9 per share and revenue of $3.12 billion, indicating changes of -5.47% and +2.16%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Ares Capital. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.21% downward. Ares Capital presently features a Zacks Rank of #4 (Sell).
Digging into valuation, Ares Capital currently has a Forward P/E ratio of 9.91. Its industry sports an average Forward P/E of 7.99, so one might conclude that Ares Capital is trading at a premium comparatively.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 204, placing it within the bottom 18% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Riot Platforms, Inc. (RIOT - Free Report) closed the most recent trading day at $23.86, moving +2.05% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 1.21%. On the other hand, the Dow registered a loss of 0.97%, and the technology-centric Nasdaq decreased by 2.15%.
Shares of the company witnessed a loss of 14.73% over the previous month, trailing the performance of the Finance sector with its gain of 2.12%, and the S&P 500's gain of 0.42%.
The investment community will be paying close attention to the earnings performance of Riot Platforms, Inc. in its upcoming release. The company's upcoming EPS is projected at -$0.39, signifying a 168.42% drop compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $150.47 million, down 1.65% from the year-ago period.
RIOT's full-year Zacks Consensus Estimates are calling for earnings of -$2.32 per share and revenue of $638.82 million. These results would represent year-over-year changes of -18.97% and -1.33%, respectively.
Investors might also notice recent changes to analyst estimates for Riot Platforms, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 11.64% fall in the Zacks Consensus EPS estimate. Currently, Riot Platforms, Inc. is carrying a Zacks Rank of #5 (Strong Sell).
The Financial - Miscellaneous Services industry is part of the Finance sector. With its current Zacks Industry Rank of 186, this industry ranks in the bottom 25% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
In the latest close session, Invesco Mortgage Capital (IVR - Free Report) was down 2.68% at $7.64. The stock's performance was behind the S&P 500's daily loss of 1.21%. Elsewhere, the Dow saw a downswing of 0.97%, while the tech-heavy Nasdaq depreciated by 2.15%.
Prior to today's trading, shares of the real estate investment trust had gained 0.38% lagged the Finance sector's gain of 2.12% and the S&P 500's gain of 0.42%.
The upcoming earnings release of Invesco Mortgage Capital will be of great interest to investors. The company's earnings report is expected on July 30, 2026. The company is expected to report EPS of $0.47, down 18.97% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.01 per share and a revenue of $0 million, indicating changes of -14.47% and 0%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Invesco Mortgage Capital. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Invesco Mortgage Capital is holding a Zacks Rank of #5 (Strong Sell) right now.
Valuation is also important, so investors should note that Invesco Mortgage Capital has a Forward P/E ratio of 3.91 right now. This signifies a discount in comparison to the average Forward P/E of 8.49 for its industry.
The REIT and Equity Trust industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 190, positioning it in the bottom 23% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
MarketBeat Week in Review – 07/06 - 07/10Southwest Airlines NYSE: LUV reported sharply higher second-quarter 2026 earnings and record revenue, with executives saying the carrier’s recent commercial transformation contributed across the full quarter for the first time.
President and Chief Executive Officer Bob Jordan said the quarter showed “the earnings power of our business” and demonstrated that Southwest now has “a broader and more diversified set of revenue and commercial levers than at any point in our history.”
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Southwest MAX Incident Revives Headline Risk for Boeing and Airline StocksThe airline reported adjusted earnings per share of $0.94, up approximately 120% from a year earlier and above both its initial guidance and analyst consensus, according to Jordan. Adjusted operating margin was 6.7%, a 3.3-point improvement year over year, while after-tax return on invested capital was 9%.
Southwest said adjusted operating revenue rose 20.3% on capacity growth of just 0.2%, reaching a quarterly record of $8.7 billion. Adjusted unit revenue increased 20.1% year over year, also reaching what Jordan described as an all-time quarterly record and exceeding the high end of the company’s prior guidance range.
Revenue Initiatives Drive Record Results These 3 Stocks Lowered Their Share Counts Drastically in Q1Jordan and Chief Commercial Officer Justin Jones attributed the revenue gains to a mix of new and expanded initiatives, including product changes, bag fees, online travel agencies, change-related revenue and strength in the core business.
Managed business revenue rose 30% year over year to a new quarterly record, surpassing the prior record set in the first quarter. Jordan said customer engagement also improved, with Rapid Rewards new member enrollments up 35% year over year and the program approaching nearly 100 million members. Tier qualification activity reached a record high, while Chase co-branded credit card acquisitions increased 28% from a year earlier.
Jones said the company is focused on building a “more productive commercial business” that balances unit revenue growth, disciplined capacity, network profitability and long-term customer engagement. He said corporate customers have shown strong adoption of the company’s new products, with growth visible across fares, load factor and share of origin-and-destination mix.
In response to analyst questions about the impact of lapping initiatives introduced in 2025, Jordan said third-quarter comparisons will face a headwind from those actions, including bag fees, which he said represent about $1 billion annually. He said that excluding the impact of those comparisons, Southwest’s third-quarter unit revenue guidance would be ahead of the second-quarter result.
Guidance Updated as Fuel Costs Remain Elevated Southwest now expects full-year 2026 adjusted earnings per share of $3.25 to $4.25. Jordan said the updated range replaces the company’s prior expectation of at least $4 per share and reflects the forward fuel curve as of July 17, while assuming the current fare environment and demand trends remain broadly intact.
Jordan said the company faced an estimated year-to-date fuel headwind of approximately $1.33 per share but remains positioned to generate earnings broadly in line with the guidance it issued at the start of the year. Second-quarter fuel expense increased nearly $900 million year over year, and fuel averaged $3.92 per gallon during the quarter.
Chief Financial Officer Tom Doxey said Southwest generated $500 million of operating cash flow in the quarter, up more than 32% year over year, and nearly $2 billion in operating cash flow during the first half. The company ended the quarter with $5.3 billion in liquidity, above its target of approximately $4.5 billion. Its gross leverage ratio was 2.1 times, within its stated range of 1 to 2.5 times and improved from 2.4 times at the end of 2025.
For the third quarter, Southwest expects unit revenue to rise 17.5% to 19.5% year over year. The company expects CASM-X, or unit costs excluding fuel and special items, to increase 3.5% to 4% year over year on capacity that is flat to down 1%.
Cost Discipline and Fleet Actions Support Margins Doxey said cost savings are being generated across the business, including technology, supply chain, maintenance and labor productivity. He said management has identified “hundreds of millions of dollars of incremental savings” since the start of the year, and those savings are incorporated into the full-year outlook.
Second-quarter CASM increased 3.4% year over year on near-flat capacity, below the low end of prior guidance, Jordan said. Doxey also discussed gains from aircraft sales, saying Southwest views divestment of retiring assets as a durable strength. He said the company has more than 450 NG aircraft that will be retired over many years, and that gains on sales may be “a little lumpy by quarter” but should continue over time.
Asked about capital spending and free cash flow, Doxey said operating cash flow should improve as underlying profitability improves, while the conversion to free cash flow will depend largely on the timing of aircraft deliveries. He said Southwest generally pays cash or uses unsecured or secured financing for aircraft, rather than relying on leasing structures that would reduce net capital expenditures.
Operations, Network and Product Enhancements Chief Operating Officer Andrew Watterson said Southwest ranked first among large domestic carriers in completion factor during the quarter and improved its mishandled baggage performance year over year, despite higher volumes of gate-checked bags. He said trip net promoter score improved throughout the quarter and that Southwest maintained the lowest customer complaint rate among major U.S. airlines.
Watterson acknowledged that on-time performance has declined in some areas, particularly during day-to-day “small-scale events” tied to high load factors and turn times. He said the company is focused on improving the last 10 minutes of aircraft turns and has already seen some benefits in July, with additional schedule changes expected in October.
Southwest also highlighted several product and network updates. Jordan said the airline’s first Starlink-equipped aircraft entered service a few weeks before the call, beginning a new phase of in-flight connectivity. The company also expanded its airline partner network to nine carriers with the addition of Air Premia and completed the rollout of service to five previously announced new destinations with the launch of Anchorage in May.
Jones said future capacity growth will be modest and focused on Southwest’s “points of strength,” including markets where it already has leading positions. He said the airline is not prepared to provide full-year 2027 capacity guidance but will continue to emphasize capacity discipline and profitable deployment of aircraft.
Management Emphasizes Durability of Demand Throughout the call, executives said demand and pricing remain strong. Jordan said industry recapture of higher fuel costs has been swift and pricing has remained sticky. He also said the revenue strength is not only related to fuel recovery, but reflects benefits from Southwest’s own initiatives.
Jones said the third quarter was about 65% booked at the time of the call, with yields running up 24% year over year compared with 13% for the second quarter at the same point. “There is no deceleration in the strength in the demand, no deceleration in the strength in the revenues and the fares,” he said.
Jordan said he remains optimistic about consumer demand for travel and the long-term durability of Southwest’s revenue base. He pointed to growth in managed business revenue, Rapid Rewards memberships, card acquisitions and customer engagement as evidence that the company’s changes are resonating.
Southwest also accrued more than $100 million year to date in profit sharing for employees. Jordan thanked employees and said the results show “proof in the earnings” that the company’s transformation is working.
About Southwest Airlines (NYSE:LUV)Southwest Airlines Co is a U.S.-based low-cost carrier that operates a point-to-point domestic and near-international airline network. Headquartered in Dallas, Texas, the company primarily flies Boeing 737 aircraft and offers no-frills, single-class service designed to keep fares competitive. Southwest's operating model emphasizes high aircraft utilization, quick turnaround times and an open seating policy, allowing customers to board and select seats on a first-come, first-served basis.
Founded in 1967 by Herb Kelleher and Rollin King as Air Southwest Company, Southwest began commercial service in 1971, initially connecting Dallas, Houston and San Antonio.
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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TJX (TJX - Free Report) closed at $153.46 in the latest trading session, marking a -1.25% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 1.21%. On the other hand, the Dow registered a loss of 0.97%, and the technology-centric Nasdaq decreased by 2.15%.
The parent of T.J. Maxx, Marshalls and other stores's stock has dropped by 5.91% in the past month, falling short of the Retail-Wholesale sector's gain of 2.27% and the S&P 500's gain of 0.42%.
The investment community will be closely monitoring the performance of TJX in its forthcoming earnings report. The company's upcoming EPS is projected at $1.17, signifying a 6.36% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $15.12 billion, indicating a 5.02% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.17 per share and revenue of $63.9 billion, indicating changes of +9.3% and +5.85%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for TJX. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. TJX presently features a Zacks Rank of #2 (Buy).
With respect to valuation, TJX is currently being traded at a Forward P/E ratio of 30.07. This represents no noticeable deviation compared to its industry average Forward P/E of 30.07.
It is also worth noting that TJX currently has a PEG ratio of 3.37. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. TJX's industry had an average PEG ratio of 2.68 as of yesterday's close.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 22, which puts it in the top 9% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
DocuSign (DOCU - Free Report) closed at $47.04 in the latest trading session, marking a -1.77% move from the prior day. This change lagged the S&P 500's daily loss of 1.21%. Meanwhile, the Dow experienced a drop of 0.97%, and the technology-dominated Nasdaq saw a decrease of 2.15%.
Shares of the provider of electronic signature technology witnessed a gain of 8.25% over the previous month, beating the performance of the Computer and Technology sector with its loss of 4.58%, and the S&P 500's gain of 0.42%.
Market participants will be closely following the financial results of DocuSign in its upcoming release. The company is forecasted to report an EPS of $1.08, showcasing a 17.39% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $868.04 million, up 8.42% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.54 per share and a revenue of $3.49 billion, representing changes of +18.23% and +8.53%, respectively, from the prior year.
Any recent changes to analyst estimates for DocuSign should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1% higher within the past month. DocuSign currently has a Zacks Rank of #3 (Hold).
Digging into valuation, DocuSign currently has a Forward P/E ratio of 10.55. For comparison, its industry has an average Forward P/E of 18.63, which means DocuSign is trading at a discount to the group.
Meanwhile, DOCU's PEG ratio is currently 0.63. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 1.01.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 152, putting it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Toyota Motor Corporation (TM - Free Report) closed at $176.80 in the latest trading session, marking a -1.75% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 1.21% for the day. On the other hand, the Dow registered a loss of 0.97%, and the technology-centric Nasdaq decreased by 2.15%.
The stock of company has risen by 7.26% in the past month, leading the Auto-Tires-Trucks sector's loss of 4.95% and the S&P 500's gain of 0.42%.
Analysts and investors alike will be keeping a close eye on the performance of Toyota Motor Corporation in its upcoming earnings disclosure.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $20.99 per share and revenue of $325.34 billion, indicating changes of +7.04% and -3.29%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Toyota Motor Corporation. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.5% lower. Toyota Motor Corporation is currently a Zacks Rank #3 (Hold).
From a valuation perspective, Toyota Motor Corporation is currently exchanging hands at a Forward P/E ratio of 8.57. This represents a discount compared to its industry average Forward P/E of 9.67.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 188, positioning it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Increasing Share Buybacks; Full Year Production Guidance Raised; Capital Guidance Unchanged
Highlights:
Generated second quarter cash from operating activities of $1.6 billion, Non-GAAP Cash Flow of approximately $1.3 billion and Non-GAAP Free Cash Flow of $682 million after capital expenditures of $574 million Produced average second quarter volumes of 615 thousand barrels of oil equivalent per day ("MBOE/d"), including oil and condensate volumes of 206 thousand barrels per day ("Mbbls/d"), above the high end of company guidance, along with 82 Mbbls/d of other NGLs (C2 to C4) and 1,959 million cubic feet per day ("MMcf/d") of natural gas Closed the sale of the Company's Anadarko assets for total cash proceeds of approximately $2.82 billion after preliminary closing adjustments and transaction costs Net Debt of $2.995 billion as of June 30, 2026, Net Debt to Adjusted EBITDA of 0.6x Returned approximately 63% of second quarter Non-GAAP Free Cash Flow to shareholders via share repurchases of approximately $345 million (6.1 million shares) and dividend payments of $84 million Full year 2026 shareholder returns expected to exceed 60% of Non-GAAP Free Cash Flow, up from 45% year-to-date Revised full year 2026 guidance to reflect higher expected oil and condensate production for the same capital investment; representing 4% production per share growth , /PRNewswire/ -- Ovintiv Inc. (NYSE: OVV) (TSX: OVV) ("Ovintiv" or the "Company") today announced its second quarter 2026 financial and operating results. The Company plans to hold a conference call and webcast at 9:00 a.m. MT (11:00 a.m. ET) on July 24, 2026. Please see dial-in details within this release, as well as additional details on the Company's website at www.ovintiv.com under Presentations and Events – Ovintiv.
Ovintiv Reports Second Quarter 2026 Financial and Operating Results "Our second quarter results continued to demonstrate industry-leading performance across the board driven by our stacked innovation approach," said Ovintiv President and CEO, Brendan McCracken. "Our company is positioned with a deep inventory of superior-return drilling locations, a fortified balance sheet, and leading edge well costs and oil productivity performance. The outcomes of our strategic execution are reflected in our results. Halfway through the year, we've generated more than $1.3 billion of Free Cash Flow, organically replaced our full-year 2026 drilling locations in both the Permian and the Montney, and are set to grow oil production per share by 4% with no increase to activity or capital expenditure."
Second Quarter 2026 Financial and Operating Results
Reported second quarter net earnings of $456 million, or $1.62 per share diluted, which included a loss on the divestiture of the Company's Anadarko assets of $337 million, before tax Recognized a net gain on risk management in revenues of $122 million, before tax Generated cash from operating activities of $1.6 billion and Non-GAAP Cash Flow of approximately $1.3 billion Second quarter average total production volumes were approximately 615 MBOE/d, including 206 Mbbls/d of oil and condensate, 82 Mbbls/d of other NGLs (C2 to C4) and 1,959 MMcf/d of natural gas Second quarter capital investment of $574 million was at the midpoint of the guidance range of $550 million to $600 million Reported second quarter upstream operating expense of $3.25 per BOE, upstream transportation and processing costs of $9.47 per BOE, production, mineral and other taxes of $1.43 per BOE, or 3.5% of upstream product revenue Excluding the impact of hedges, second quarter average realized price for oil and condensate was $97.50 per barrel (105% of WTI), $21.67 per barrel for other NGLs, and $1.71 per Mcf (59% of NYMEX) for natural gas, resulting in a total average realized price of $41.00 per BOE Including the impact of hedges, second quarter average realized price for oil and condensate was $91.22 per barrel (98% of WTI), $21.67 per barrel for other NGLs, and $1.99 per Mcf (69% of NYMEX) for natural gas, resulting in a total average realized price of $39.79 per BOE 2026 Guidance
The Company issued its third quarter 2026 guidance and revised its full year guidance. Full year production volumes are expected to average 630 MBOE/d to 645 MBOE/d, driven by increases in oil and condensate and NGL volumes. Full year expected capital investment is unchanged at $2.25 billion to $2.35 billion.
2026 Guidance
3Q 2026
Full Year 2026
Total Production (MBOE/d)
615 – 640
630 – 645
Oil & Condensate (Mbbls/d)
205 – 210
210 – 212
NGLs (C2 to C4) (Mbbls/d)
75 – 80
83 – 85
Natural Gas (MMcf/d)
2,000 – 2,100
2,025 – 2,075
Capital Investment ($ Millions)
$550 – $600
$2,250 – $2,350
Shareholder Returns
Ovintiv's shareholder return framework commits to returning 50% to 100% of annual Non-GAAP Free Cash Flow to shareholders via the combination of base dividend payments and share buybacks.
Second quarter shareholder returns totaled approximately $429 million, or approximately 63% of Non-GAAP Free Cash Flow, consisting of share buybacks of approximately $345 million, or approximately 6.1 million shares of common stock, and base dividend payments of approximately $84 million.
As of June 30, 2026, year-to-date shareholder returns totaled approximately $598 million, or approximately 45% of Non-GAAP Free Cash Flow, consisting of share buybacks of approximately $429 million, or approximately 7.6 million shares of common stock, and base dividend payments of approximately $169 million. Ovintiv expects full year 2026 shareholder returns to total more than 60% of Non-GAAP Free Cash Flow.
Continued Balance Sheet Focus
As of June 30, 2026, Ovintiv's Net Debt was $2.995 billion and Net Debt to Adjusted EBITDA was approximately 0.6 times. The Company had approximately $4.4 billion in total liquidity, which included available credit facilities of $3.5 billion, available uncommitted demand lines of $159 million, and cash and cash equivalents of $700 million.
Ovintiv redeemed its $700 million, 5.65% senior notes due May 15, 2028, on April 20, 2026. Annualized interest savings from the note redemption are expected to total approximately $40 million.
Dividend Declared
On July 23, 2026, Ovintiv's Board declared a quarterly dividend of $0.30 per share of common stock payable on September 29, 2026, to shareholders of record as of September 15, 2026.
Asset Highlights
Permian
Permian production averaged 231 MBOE/d (78% liquids) in the second quarter with 38 net wells turned in line ("TIL"). Full year 2026 capital investment is expected to total approximately $1.325 billion to $1.375 billion in the play to run approximately 5 rigs and bring on an expected 125 to 135 net wells. For the second half of the year, oil and condensate production is expected to average approximately 125 Mbbls/d and natural gas production is expected to average 280 to 305 MMcf/d.
Montney
Montney production averaged 374 MBOE/d (27% liquids) in the second quarter with 40 net wells TIL. Full year 2026 capital investment is expected to total approximately $875 million to $925 million in the play to run approximately 6 rigs and bring on an expected 130 to 140 net wells. For the second half of the year, oil and condensate production is expected to average 80 to 85 Mbbls/d and natural gas production is expected to average 1.7 to 1.8 Bcf/d.
For additional information, please refer to the Second Quarter 2026 Results Presentation available on Ovintiv's website, www.ovintiv.com under Presentations and Events – Ovintiv. Supplemental Information, and Non-GAAP Definitions and Reconciliations, are available on Ovintiv's website under Financial Document Library – Ovintiv.
Conference Call Information
A conference call and webcast to discuss the Company's second quarter 2026 results will be held at 9:00 a.m. MT (11:00 a.m. ET) on July 24, 2026.
To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/4jChG1W to receive an instant automated call back. You can also dial direct to be entered to the call by an Operator. Please dial 888-510-2154 (toll-free in North America) or 437-900-0527 (international) approximately 15 minutes prior to the call.
The live audio webcast of the conference call, including slides and financial statements, will be available on Ovintiv's website, www.ovintiv.com under Investors/Presentations and Events. The webcast will be archived for approximately 90 days.
Refer to Note 1 Non-GAAP measures and the tables in this release for reconciliation to comparable GAAP financial measures.
Capital Investment and Production
(for the period ended June 30)
2Q 2026
2Q 2025
Capital Expenditures (1) ($ millions)
574
521
Oil (Mbbls/d)
123.0
142.0
NGLs – Plant Condensate (Mbbls/d)
82.8
69.2
Oil & Plant Condensate (Mbbls/d)
205.8
211.2
NGLs – Other (Mbbls/d)
82.4
95.5
Total Liquids (Mbbls/d)
288.2
306.7
Natural gas (MMcf/d)
1,959
1,851
Total production (MBOE/d)
614.6
615.3
1) Including capitalized directly attributable internal costs.
Second Quarter Financial Summary
(for the period ended June 30)
($ millions)
2Q 2026
2Q 2025
Cash From (Used In) Operating Activities
Deduct (Add Back):
Net change in other assets and liabilities
Net change in non-cash working capital
1,632
(4)
380
1,013
(11)
111
Non-GAAP Cash Flow (1)
1,256
913
Non-GAAP Cash Flow (1)
1,256
913
Less: Capital Expenditures (2)
574
521
Non-GAAP Free Cash Flow (1)
682
392
Net Earnings (Loss) Before Income Tax
Before-tax (Addition) Deduction:
Unrealized gain (loss) on risk management
Non-operating foreign exchange gain (loss)
Gain (loss) on divestitures, net
539
190
(31)
(337)
399
54
(3)
-
Adjusted Earnings (Loss) Before Income Tax
Income tax expense (recovery)
717
226
348
83
Non-GAAP Adjusted Earnings (1)
491
265
1)
Non-GAAP Cash Flow, Non-GAAP Free Cash Flow and Non-GAAP Adjusted Earnings are non-GAAP measures as defined in Note 1.
2)
Including capitalized directly attributable internal costs.
Realized Pricing Summary (Including the impact of realized gains (losses) on risk management)
(for the period ended June 30)
2Q 2026
2Q 2025
Liquids ($/bbl)
WTI
92.79
63.74
Realized Liquids Prices
Oil
91.53
65.23
NGLs – Plant Condensate
90.74
60.79
Oil & Plant Condensate
91.22
63.77
NGLs – Other
21.67
18.28
Total NGLs
56.29
36.14
Natural Gas
NYMEX ($/MMBtu)
2.90
3.44
Realized Natural Gas Price ($/Mcf)
1.99
2.38
Cost Summary
(for the period ended June 30)
($/BOE)
2Q 2026
2Q 2025
Production, mineral and other taxes
1.43
1.31
Upstream transportation and processing
9.47
7.62
Upstream operating
3.25
3.84
Administrative, excluding long-term incentive, restructuring, transaction and legal costs
1.28
1.19
Debt to EBITDA (1)
($ millions, except as indicated)
June 30, 2026
December 31, 2025
Long-Term Debt, including Current Portion
3,695
5,202
Net Earnings (Loss)
920
1,242
Add back (Deduct):
Depreciation, depletion and amortization
2,158
2,179
Interest
388
376
Income tax expense (recovery)
(644)
(472)
EBITDA
2,822
3,325
Debt to EBITDA (times)
1.3
1.6
1) Debt to EBITDA is a non-GAAP measure as defined in Note 1.
Debt to Adjusted EBITDA (1)
($ millions, except as indicated)
June 30, 2026
December 31, 2025
Long-Term Debt, including Current Portion
3,695
5,202
Net Earnings (Loss)
920
1,242
Add back (Deduct):
Depreciation, depletion and amortization
Impairments
2,158
1,675
2,179
920
Accretion of asset retirement obligation
28
28
Interest
388
376
Unrealized (gains) losses on risk management
(135)
(6)
Foreign exchange (gain) loss, net
(Gain) loss on divestitures, net
20
337
31
-
Other (gains) losses, net
(72)
(46)
Income tax expense (recovery)
(644)
(472)
Adjusted EBITDA
4,675
4,252
Debt to Adjusted EBITDA (times)
0.8
1.2
1) Debt to Adjusted EBITDA is a non-GAAP measure as defined in Note 1.
Net Debt to Adjusted EBITDA (1)
($ millions, except as indicated)
June 30, 2026
December 31, 2025
Long-Term Debt, including Current Portion
3,695
5,202
Less:
Cash and cash equivalents
700
35
Net Debt
2,995
5,167
Adjusted EBITDA
4,675
4,252
Net Debt to Adjusted EBITDA (times)
0.6
1.2
1) Net Debt to Adjusted EBITDA is a non-GAAP measure as defined in Note 1.
Hedge Details(1) as of June 30, 2026
Oil and Condensate Hedges ($/bbl)
3Q 2026
4Q 2026
1Q 2027
2Q 2027
3Q 2027
4Q 2027
WTI Fixed Price Swaps
4 Mbbls/d
$61.67
4 Mbbls/d
$61.93
0
-
0
-
0
-
0
-
WTI 3-Way Options
Call Strike
Put Strike
Sold Put Strike
51 Mbbls/d
$70.87
$59.26
$50.08
41 Mbbls/d
$70.21
$57.22
$50.10
40 Mbbls/d
$85.56
$59.34
$50.00
10 Mbbls/d
$112.53
$60.00
$50.00
0
-
-
-
0
-
-
-
WTI Collars
Call Strike
Put Strike
1 Mbbls/d
$67.79
$56.32
1 Mbbls/d
$67.79
$56.32
0
-
-
0
-
-
0
-
-
0
-
-
Natural Gas Hedges ($/Mcf)
3Q 2026
4Q 2026
1Q 2027
2Q 2027
3Q 2027
4Q 2027
NYMEX Fixed Price Swaps
20 MMcf/d
$4.07
20 MMcf/d
$4.07
0
-
0
-
0
-
0
-
NYMEX 3-Way Options
Call Strike
Put Strike
Sold Put Strike
450 MMcf/d
$5.92
$3.33
$2.58
450 MMcf/d
$5.92
$3.33
$2.58
300 MMcf/d
$5.04
$3.50
$2.50
200 MMcf/d
$4.49
$3.50
$2.50
200 MMcf/d
$4.49
$3.50
$2.50
200 MMcf/d
$4.49
$3.50
$2.50
NYMEX Collars
Call Strike
Put Strike
95 MMcf/d
$5.27
$3.75
95 MMcf/d
$5.27
$3.75
15 MMcf/d
$4.72
$3.50
15 MMcf/d
$4.72
$3.50
15 MMcf/d
$4.72
$3.50
15 MMcf/d
$4.72
$3.50
AECO Nominal Basis Swaps
338 MMcf/d
($1.25)
338 MMcf/d
($1.25)
260 MMcf/d
($1.17)
260 MMcf/d
($1.17)
260 MMcf/d
($1.17)
260 MMcf/d
($1.17)
AECO Fixed Price Swaps
152 MMcf/d
$2.26
118 MMcf/d
$2.30
100 MMcf/d
$2.00
219 MMcf/d
$1.78
219 MMcf/d
$1.78
106 MMcf/d
$2.00
AECO Collars
Call Strike
Put Strike
10 MMcf/d
$2.15
$1.69
3 MMcf/d
$2.15
$1.69
0
-
-
0
-
-
13 MMcf/d
$2.36
$1.76
20 MMcf/d
$2.36
$1.76
Waha Nominal Basis Swaps
0
-
50 MMcf/d
($1.98)
50 MMcf/d
($1.19)
0
-
0
-
0
-
Waha Fixed Price Swaps
50 MMcf/d
$0.74
50 MMcf/d
$1.77
0
-
0
-
0
-
0
-
NuVista Cash Flow Deduction ($MM)(2)
$34
$24
$16
$8
$12
$10
1)
Ovintiv also manages other key market basis differential risks for gas, oil and condensate.
2)
NuVista's financial hedge position at close of the acquisition was valued at ~$199 MM. Those gains are booked as assets and realized into cash over time as they are settled but are not included in Non-GAAP Cash Flow.
Important information
Ovintiv reports in U.S. dollars unless otherwise noted. Production, sales and reserves estimates are reported on an after-royalties basis, unless otherwise noted. Unless otherwise specified or the context otherwise requires, references to "Ovintiv," "we," "its," "our" or to "the Company" includes reference to subsidiaries of and partnership interests held by Ovintiv Inc. and its subsidiaries.
Please visit Ovintiv's website and Investor Relations page at www.ovintiv.com and investor.ovintiv.com, where Ovintiv often discloses important information about the Company, its business, and its results of operations.
NI 51-101 Exemption
The Canadian securities regulatory authorities have issued a decision document (the "Decision") granting Ovintiv exemptive relief from the requirements contained in Canada's National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). As a result of the Decision, and provided that certain conditions set out in the Decision are met on an on-going basis, Ovintiv will not be required to comply with the Canadian requirements of NI 51-101 and the Canadian Oil and Gas Evaluation Handbook. The Decision permits Ovintiv to provide disclosure in respect of its oil and gas activities in the form permitted by, and in accordance with, the legal requirements imposed by the U.S. Securities and Exchange Commission ("SEC"), the Securities Act of 1933, the Securities and Exchange Act of 1934, the Sarbanes-Oxley Act of 2002 and the rules of the NYSE. The Decision also provides that Ovintiv is required to file all such oil and gas disclosures with the Canadian securities regulatory authorities on www.sedarplus.ca as soon as practicable after such disclosure is filed with the SEC.
NOTE 1: Non-GAAP Measures
Certain measures in this news release do not have any standardized meaning as prescribed by U.S. GAAP and, therefore, are considered non-GAAP measures. These measures may not be comparable to similar measures presented by other companies and should not be viewed as a substitute for measures reported under U.S. GAAP. These measures are commonly used in the oil and gas industry and/or by Ovintiv to provide shareholders and potential investors with additional information regarding the Company's liquidity and its ability to generate funds to finance its operations. For additional information regarding non-GAAP measures, see the Company's website. This news release contains references to non-GAAP measures as follows:
Non-GAAP Cash Flow is a non-GAAP measure defined as cash from (used in) operating activities excluding net change in other assets and liabilities, and net change in non-cash working capital. Non-GAAP Free Cash Flow is a non-GAAP measure defined as Non-GAAP Cash Flow in excess of capital expenditures, excluding net acquisitions and divestitures. Non-GAAP Adjusted Earnings is a non-GAAP measure defined as net earnings (loss) excluding non-cash items that management believes reduces the comparability of the Company's financial performance between periods. These items may include, but are not limited to, unrealized gains/losses on risk management, impairments, non-operating foreign exchange gains/losses, and gains/losses on divestitures. Income taxes includes adjustments to normalize the effect of income taxes calculated using the estimated annual effective income tax rate. In addition, valuation allowances and the effect of non-recurring discrete transactions are excluded in the calculation of income taxes. Net Debt is defined as long-term debt, including the current portion, less cash and cash equivalents. Adjusted EBITDA, Debt to EBITDA, Debt to Adjusted EBITDA (Leverage Target/Ratio) and Net Debt to Adjusted EBITDA are non-GAAP measures. EBITDA is defined as trailing 12-month net earnings (loss) before income taxes, depreciation, depletion and amortization, and interest. Adjusted EBITDA is EBITDA adjusted for impairments, accretion of asset retirement obligation, unrealized gains/losses on risk management, foreign exchange gains/losses, gains/losses on divestitures and other gains/losses. Debt to EBITDA is calculated as long-term debt, including the current portion, divided by EBITDA. Debt to Adjusted EBITDA is calculated as long-term debt, including the current portion, divided by Adjusted EBITDA. Net Debt to Adjusted EBITDA is calculated as Net Debt, divided by Adjusted EBITDA. Debt to Adjusted EBITDA and Net Debt to Adjusted EBITDA are non-GAAP measures monitored by management as indicators of the Company's overall financial strength. ADVISORY REGARDING OIL AND GAS INFORMATION – The conversion of natural gas volumes to barrels of oil equivalent (BOE) is on the basis of six thousand cubic feet to one barrel. BOE is based on a generic energy equivalency conversion method primarily applicable at the burner tip and does not represent economic value equivalency at the wellhead. Readers are cautioned that BOE may be misleading, particularly if used in isolation.
ADVISORY REGARDING FORWARD-LOOKING STATEMENTS – This news release contains forward-looking statements or information (collectively, "forward-looking statements") within the meaning of applicable securities legislation, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, except for statements of historical fact, that relate to the anticipated future activities, plans, strategies, objectives or expectations of the Company, including the third quarter and fiscal year 2026 guidance and expected free cash flow, the presence of recoverability of estimated reserves, the expectation of delivering sustainable durable returns to shareholders in future years, plans regarding share buybacks and debt reduction, and timing and expectations regarding capital efficiencies and well completion and performance, are forward-looking statements. When used in this news release, the use of words and phrases including "anticipates," "believes," "continue," "could," "estimates," "expects," "focused on," "forecast," "guidance," "intends," "maintain," "may," "opportunities," "outlook," "plans," "potential," "strategy," "targets," "will," "would" and other similar terminology are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words or phrases. Readers are cautioned against unduly relying on forward-looking statements which, are based on current expectations and by their nature, involve numerous assumptions that are subject to both known and unknown risks and uncertainties (many of which are beyond our control) that may cause such statements not to occur, or actual results to differ materially and/or adversely from those expressed or implied. These assumptions include, without limitation: future commodity prices and basis differentials; the ability of the Company to access credit facilities and capital markets; the availability of attractive commodity or financial hedges and the enforceability of risk management programs; the Company's ability to capture and maintain gains in productivity and efficiency; the ability for the Company to generate cash returns and execute on its share buyback plan; expectations of plans, strategies and objectives of the Company, including anticipated production volumes and capital investment; the Company's ability to manage cost inflation and expected cost structures, including expected operating, transportation, processing and labor expenses; the outlook of the oil and natural gas industry generally, including impacts from war and changes to the geopolitical environment, including tariffs between the United States and Canada; and projections made in light of, and generally consistent with, the Company's historical experience and its perception of historical industry trends; and the other assumptions contained herein.
Although the Company believes the expectations represented by its forward-looking statements are reasonable based on the information available to it as of the date such statements are made, forward-looking statements are only predictions and statements of our current beliefs and there can be no assurance that such expectations will prove to be correct. All forward-looking statements contained in this news release are made as of the date of this news release and, except as required by law, the Company undertakes no obligation to update publicly, revise or keep current any forward-looking statements. The forward-looking statements contained or incorporated by reference in this news release, and all subsequent forward-looking statements attributable to the Company, whether written or oral, are expressly qualified by these cautionary statements.
The reader should carefully read the risk factors described in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and in other filings with the SEC or Canadian securities regulators, for a description of certain risks that could, among other things, cause actual results to differ from these forward-looking statements. Other unpredictable or unknown factors not discussed in this news release could also have material adverse effects on forward-looking statements.
Further information on Ovintiv Inc. is available on the Company's website, www.ovintiv.com, or by contacting:
Carvana (CVNA - Free Report) closed at $60.19 in the latest trading session, marking a -4.08% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 1.21%. Meanwhile, the Dow lost 0.97%, and the Nasdaq, a tech-heavy index, lost 2.15%.
The company's shares have seen a decrease of 7.6% over the last month, not keeping up with the Retail-Wholesale sector's gain of 2.27% and the S&P 500's gain of 0.42%.
Analysts and investors alike will be keeping a close eye on the performance of Carvana in its upcoming earnings disclosure. The company's earnings report is set to go public on July 29, 2026. It is anticipated that the company will report an EPS of $0.42, marking a 61.54% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $6.96 billion, indicating a 43.8% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.64 per share and a revenue of $28.29 billion, representing changes of -2.96% and +39.19%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Carvana. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 3.54% upward. Carvana currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Carvana is currently exchanging hands at a Forward P/E ratio of 38.36. For comparison, its industry has an average Forward P/E of 16.93, which means Carvana is trading at a premium to the group.
It's also important to note that CVNA currently trades at a PEG ratio of 10.23. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Internet - Commerce industry stood at 1.11 at the close of the market yesterday.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 158, which puts it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
