NEW YORK, Oct. 28, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Duolingo, Inc. (NASDAQ: DUOL) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Duolingo securities between May 2, 2025 and February 26, 2026, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/cases/duolingo-inc-duol-class_action_lawsuit.
Duolingo Case Details
The Complaint alleges that throughout the Class Period, Defendants failed to disclose that:
(1) Daily Active User (“DAU”) growth rates were being leveraged against deliberately added user friction in the form of significant increases in ad volume, subscription tier upsells, and worsened product quality, and Duolingo understood that any amount of user friction would cause users to leave the app and, ultimately, negatively impact DAU growth rates;
(2) the Company’s rigorous A/B testing demonstrated that increased friction in the free user experience was having negative impacts on DAU growth rates;
(3) Duolingo’s quickly generated AI content was worsening the quality of the Company’s product offerings, negatively impacting the user experience and user trends, and threatening the sustainability of the Company’s financial performance; and
(4) Duolingo’s constant A/B testing informed the Company that its monetization push and lower-quality, rapidly generated AI content were degrading the Duolingo product experience and the value proposition of its subscription tiers.
What's Next for Duolingo Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: bgandg.com/cases/duolingo-inc-duol-class_action_lawsuit. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Duolingo you have until December 7, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to Duolingo Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for Duolingo Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
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Contact Info
Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]
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Prior results do not guarantee similar outcomes.
Key Takeaways OKE's Q3 earnings jumped 43% to $2.13 per share, beating estimates by 45.89%, while revenues surged 44.3%. Higher volumes and stronger marketing drove gains, lifting ONEOK's adjusted EBITDA 5.6% to $2.24 billion.OKE raised its 2026 adjusted EBITDA outlook to $8.50-$8.60 billion and net income to $4.09-$4.27 billion. ONEOK, Inc. (OKE - Free Report) reported third-quarter 2026 earnings of $2.13 per share, which beat the Zacks Consensus Estimate of $1.46 by 45.89%. The bottom line increased 43% from the year-ago quarter's figure of $1.49.
The results benefited from higher natural gas liquids (NGLs), refined products and natural gas volumes, alongside stronger optimization and marketing activity. Earnings also included a one-time noncash income tax benefit.
OKE's Total Revenues Rise Year Over YearOperating revenues for the third quarter totaled $12.46 billion, which beat the Zacks Consensus Estimate of $11.77 billion by 5.81%. The top line improved 44.3% from $8.63 billion in the prior-year quarter.
Commodity sales increased 50.9% year over year to $11.19 billion from $7.42 billion. Services and other revenues rose 3.9% to $1.27 billion from $1.22 billion in the year-ago quarter.
ONEOK's Profitability and Cost TrendsAdjusted EBITDA increased 5.6% year over year to $2.24 billion.
Operating income totaled $1.57 billion, up 0.6% from the prior-year level of $1.56 billion.
Operations and maintenance expenses increased 20% to $767 million from $639 million.
Interest expenses declined 7.8% to $415 million from $450 million.
OKE's NGL Business Sees Higher ThroughputNatural Gas Liquids adjusted EBITDA slipped 2.1% year over year to $659 million. Higher operating costs and lower transportation and storage volumes more than offset gains from optimization and marketing and exchange services.
Gulf Coast/Permian raw feed throughput increased 15.9% year over year to 657 thousand barrels per day (MBbl/d/), while Mid-Continent volumes rose 3.7% to 533 MBbl/d. However, Rocky Mountain throughput declined 4.5% to 471 MBbl/d. Total NGL raw feed throughput increased 5.5% year over year to 1,661 MBbl/d.
The Medford fractionator expansion remains on track, with its 100,000-barrel-per-day first phase expected to be completed in the fourth quarter of 2026 and the second phase scheduled for the first quarter of 2027.
ONEOK's Refined Products and Crude Business GrowsRefined Products and Crude adjusted EBITDA increased 17.7% year over year to $685 million, driven by stronger liquids blending and crude marketing earnings, favorable margin-sharing arrangements and higher refined products volumes.
Refined products volumes shipped rose 5.8% year over year to 1,615 MBbl/d. Gasoline volumes increased 10% to 948 MBbl/d, while distillate volumes rose 2% to 563 MBbl/d. However, crude oil volumes declined 6.6% to 1,693 MBbl/d.
OKE's Natural Gas Businesses Report Mixed ResultsNatural Gas Gathering and Processing adjusted EBITDA edged down 0.5% year over year to $563 million. Higher operating costs offset gains from increased production volumes and improved realized condensate and natural gas prices.
Natural gas processed increased 0.2% year over year to 5,866 million cubic feet per day (MMcf/d), while Permian volumes rose 3.9% to 1,614 MMcf/d, supported by increased production.
Natural Gas Pipelines adjusted EBITDA climbed 15.5% to $231 million. Favorable Waha-to-Katy price differentials, higher firm transportation revenues and stronger contributions from pipeline affiliates supported the improvement.
Contracted transportation capacity increased to 7,780 thousand dekatherms per day from 7,246 thousand a year earlier. Contracted capacity represented 92% of available capacity compared with 90% previously.
OKE's Cash Flow and Balance SheetCash and cash equivalents totaled $186 million as of Sept. 30, 2026 compared with $78 million at the end of 2025.
Long-term debt, excluding current maturities, declined to $26.94 billion from $30.76 billion.
Cash provided by operating activities totaled $4.37 billion during the first nine months of 2026, up 7.7% year over year. Capital expenditures reached $2.41 billion, while dividends paid amounted to $2.02 billion.
ONEOK Raises 2026 Guidance ONEOK raised its 2026 net income guidance to $4.09-$4.27 billion and increased its adjusted EBITDA outlook to $8.50-$8.60 billion.
The company’s earnings per share (EPS) are projected at $6.15-$6.45. The Zacks Consensus Estimate for 2026 EPS is pegged at $5.69.
OKE expects approximately $3.50 billion in capital expenditures for 2026, reflecting additional growth opportunities and spending associated with the Brazos Permian Midland acquisition.
OKE’s Zacks RankONEOK currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Releases Energy Transfer (ET - Free Report) is scheduled to release third-quarter 2026 results on Nov. 3, before the market opens. The Zacks Consensus Estimate for earnings is pegged at 41 cents, which indicates a year-over-year increase of 46.43%.
ET’s long-term (three to five years) earnings growth rate is 16.64%. The Zacks Consensus Estimate for third-quarter sales is pegged at $35.60 billion, which indicates a year-over-year rise of 78.41%.
Plains All American Pipeline (PAA - Free Report) is slated to report third-quarter 2026 results on Nov. 6, before the market opens. The Zacks Consensus Estimate for earnings is pegged at 40 cents per share, which indicates a year-over-year increase of 2.56%.
PAA’s long-term earnings growth rate is 1.63%. The Zacks Consensus Estimate for third-quarter sales is pegged at $16.41 billion, which suggests a year-over-year increase of 41.71%.
Delek Logistics Partners, LP (DKL - Free Report) is scheduled to release third-quarter 2026 results on Nov. 6, before the market opens. The Zacks Consensus Estimate for earnings is pegged at $1.38 per share, which indicates a year-over-year increase of 62.35%.
DKL's dividend yield is 7.98%. The Zacks Consensus Estimate for third-quarter sales is pegged at $356.57 million, which calls for a year-over-year rise of 36.47%.
Key Takeaways LSCC is expected to report Q3 2026 revenues of $255.1 million, up from $133 million a year ago.Demand for low-power FPGAs across industrial, communications and embedded computing markets may drive growth.AI and cloud investments, the AMI acquisition and new design wins could strengthen quarterly performance. Lattice Semiconductor Corporation (LSCC - Free Report) is set to report third-quarter 2026 results on Nov. 2, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 20.45%. It pulled off a trailing four-quarter earnings surprise of 8.59% on average, beating estimates twice in the previous quarters.
The company is expected to record year-over-year revenue growth, supported by favorable demand trends and progress in its strategic initiatives. Continued efforts to strengthen its market position might support its quarterly results.
Factors at PlayDuring the third quarter of 2026, Lattice Semiconductor is expected to have benefited from steady demand for its low-power FPGA solutions across industrial, communications and embedded computing markets. Growing adoption of programmable devices with better energy efficiency, flexibility and performance could have increased the company’s product sales during the quarter.
During the quarter under review, rising investments in AI and cloud infrastructure are expected to have supported demand for Lattice's solutions used in advanced computing systems. Higher spending by hyperscalers and enterprise customers might have created new business opportunities and supported quarterly revenues.
Lattice's acquisition of AMI is expected to have contributed to its September quarter performance by broadening its product portfolio with additional firmware and infrastructure management capabilities. The acquisition is also likely to have strengthened customer relationships and created opportunities to generate additional revenues from integrated solutions.
During the to-be-reported quarter, Lattice's continued investments in technology and software development are expected to have supported new design wins. Ongoing customer engagement and the development of solutions for emerging applications would have encouraged wider product adoption and strengthened its long-term growth prospects.
For the September quarter, the Zacks Consensus Estimate for total revenues is pegged at $255.1 million, indicating an increase from $133 million recorded a year ago. The consensus mark for earnings is pegged at 55 cents per share, indicating an increase from 28 cents reported in the year-ago quarter.
Earnings WhispersOur proven model does not predict an earnings beat for Lattice for the third quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. This is not the case here.
Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is -0.60%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Lattice sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to ConsiderHere are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this season:
Shopify Inc. (SHOP - Free Report) has an Earnings ESP of +10.11% and sports a Zacks Rank #1 at present. It is set to release its third-quarter 2026 numbers on Nov. 3.
The Earnings ESP for Microchip Technology Incorporated (MCHP - Free Report) is +3.31%, and it carries a Zacks Rank of 2 at present. The company is scheduled to report second-quarter fiscal 2027 numbers on Nov. 5.
The Earnings ESP for Yelp Inc. (YELP - Free Report) is +12.50%, and it sports a Zacks Rank of 1 at present. The company is scheduled to report third-quarter 2026 numbers on Nov. 5.
New York, New York--(Newsfile Corp. - October 28, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Papa John's International, Inc. (NASDAQ: PZZA) between August 7, 2025 and August 5, 2026, both dates inclusive (the "Class Period"), of the important November 2, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Papa Johns common stock 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 Papa Johns class action, go to https://rosenlegal.com/cases/papa-johns-international-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 November 2, 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 concealed material adverse facts concerning the true state of Papa Johns' transformation; notably, that it was "taking longer than expected," and ultimately was unable to prevent further market share losses. Papa Johns ultimately required a significant shift in strategy toward a sharp increase in promotional efforts to abate Papa Johns' declining competitive position. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Papa Johns class action, go to https://rosenlegal.com/cases/papa-johns-international-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.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/320760
Source: The Rosen Law Firm PA
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5 Beaten-Down Growth Stocks Trading Like Value Plays as Cash Chases Mega-CapsTeradyne NASDAQ: TER reported third-quarter 2026 revenue above $1.3 billion, up 70% from a year earlier, as demand tied to artificial intelligence continued to support its semiconductor test, product test and robotics businesses.
Non-GAAP earnings per share were $2.29, up more than 150% year over year. CEO Greg Smith said AI-related revenue represented more than 60% of total company revenue during the quarter, reflecting demand for equipment used across the computing supply chain, from semiconductor wafers and modules to data-center racks.
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Prepare for the Next Wave of Factory Automation With These 3 Standout Names“AI was the driver again this quarter,” Smith said, describing the company’s strategy as extending from “wafer to AI data center.”
Semiconductor Test Revenue Tops $1 Billion Teradyne’s Semiconductor Test segment generated more than $1 billion in third-quarter revenue, a 77% increase from the prior-year period. The segment included $676 million in system-on-chip revenue, $301 million in memory revenue and $95 million in integrated systems test revenue.
5 Stocks Racing Ahead as AI Supercharges RoboticsCompute revenue increased nearly 50% year over year on continuing AI-related demand, according to CFO Michelle Turner. She said Teradyne expects its customers’ adoption of dual-vendor sourcing strategies to create additional opportunities in compute testing in 2027.
Smith said the company’s first hyperscaler customer has reached the mature phase of its dual-vendor program, with the next major ramp expected in mid-2027. A merchant GPU customer is in the fast-follower phase, while a second hyperscaler has passed qualification and is expected to make capacity purchases in the second half of 2027. Teradyne also has a third hyperscaler in initial qualification.
The company said semiconductor capital spending devoted to test equipment increased to 8.1% during the first eight months of 2026 from 6.4% in 2025. Smith said rising forecasts for semiconductor capital expenditures in 2027 and beyond support the potential for a prolonged expansion in the automated test equipment market.
Memory revenue set another company record at $301 million, following a record established in the prior quarter. Turner said robust demand for high-bandwidth memory and DRAM test systems, along with a resurgence in NAND, supported the result. Looking toward 2027, Smith said HBM is expected to be the largest driver of memory-market growth, though Teradyne also anticipates growth across other memory categories.
Smith said supply constraints are prompting some AI accelerator providers to use lower HBM stack heights, which could increase the number of memory stacks requiring performance testing. He said Teradyne has a higher share in HBM performance testing than in DRAM wafer sort.
New Products and Expanding Capacity During the quarter, Teradyne introduced several products intended for next-generation AI and data-center devices. These included the UltraPin5000-EM for extended-memory characterization, the UltraVS64-HP for testing accelerators consuming up to 15,000 amps, and the UltraPort-PCIe6, which Smith called the industry’s first automated test equipment solution for PCIe Gen 6.
The company also introduced the Iris 100 for optical testing of microLED and VCSEL emitters, expanded burn-in capabilities for the Titan HP platform, launched the UltraFLEXplus S for edge AI devices and released the Magnum E2 DRAM tester.
Smith said Teradyne has increased manufacturing capacity for its UltraFLEXplus platform to about four times the level of 18 months ago and is planning another expansion. The company qualified a second contract manufacturer for the platform in 2026 and is also adding capacity for memory and power-test products.
Inventory increased as Teradyne prepared for expected 2027 growth and addressed longer lead times for components, management said. Turner said the inventory build was roughly evenly split between support for demand and procurement of components that could become constrained.
Product Test and Robotics Growth Product Test revenue rose 56% year over year to $138 million, supported by demand for production board test, optical test and high-speed interconnect applications related to AI infrastructure. The segment’s book-to-bill ratio was 1.4 during the quarter, with particular strength in the MultiLane Test Products joint venture.
Robotics revenue increased 28% from a year earlier to $96 million, marking the group’s highest third-quarter revenue and its achievement of profitability during the period. Electronics and semiconductor applications became robotics’ largest vertical, Smith said, as manufacturers increasingly use robots for assembly and testing of data-center equipment.
Teradyne introduced the Universal Robots Gen 7 collaborative-robot platform in the third quarter. Turner said the robotics business has partnerships with NVIDIA, Analog Devices, Scale AI, Generalist, Bright Machines and Sereact.
Smith said physical AI could become a significant growth driver for robotics, though he expects broad end-market adoption to be more of a 2028 development than a 2027 event, aside from the company’s major robotics customer. Teradyne expects robust growth from that customer in 2027 as automation deployments expand more broadly across distribution centers.
Margins, Cash Flow and Outlook Third-quarter gross margin was 59.1%, up 60 basis points from a year earlier but down 70 basis points sequentially due primarily to product mix. Non-GAAP operating income was $413 million, representing a 31.6% operating margin.
Teradyne ended the quarter with $625 million in cash and investments, up 21% sequentially. Free cash flow was $227 million for the quarter and $806 million for the first nine months of 2026. The company paid $20 million in dividends and repurchased $99 million in shares during the quarter.
For the fourth quarter, Teradyne forecast revenue of $1.25 billion to $1.35 billion and non-GAAP EPS of $1.95 to $2.25. It expects gross margin of 57.5% to 58.5%, operating expenses equal to 28.5% to 29.5% of sales, and a non-GAAP operating profit rate of 28% to 30%.
At the midpoint of its fourth-quarter outlook, Teradyne expects approximately 20% revenue growth from the prior-year fourth quarter and full-year revenue of about $5.2 billion, up more than 60%. Turner said the company expects 2027 to be another year of healthy growth, with strong backlog and improving visibility into coming quarters.
About Teradyne (NASDAQ:TER)Teradyne, Inc develops and supplies automated test equipment and industrial automation products. Its systems help manufacturers test the functionality, performance, and reliability of semiconductor devices, electronic systems, wireless products, and other complex products throughout the production process.
The company's product portfolio includes semiconductor test systems, memory and system-level test equipment, and solutions for printed circuit boards and electronic products. Teradyne also provides collaborative robots through Universal Robots and autonomous mobile robots through Mobile Industrial Robots (MiR), supporting applications such as assembly, material handling, machine tending, packaging, and warehouse logistics.
Founded in 1960 and headquartered in North Reading, Massachusetts, Teradyne serves customers worldwide, including semiconductor manufacturers, electronics producers, automotive companies, and industrial businesses.
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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Wingstop Inc. (WING) Q3 2026 Earnings Call October 28, 2026 10:00 AM EDT
Company Participants
Sarah Niehaus - Senior Director of Investor Relations & Corporate Finance
Michael Skipworth - President, CEO & Director
Alex Kaleida - Chief Financial Officer
Conference Call Participants
Brian Harbour - Morgan Stanley, Research Division
Christopher O'Cull - Robert W. Baird & Co. Incorporated, Research Division
Andrew Barish - Jefferies LLC, Research Division
Sara Senatore - BofA Securities, Research Division
James Salera - Stephens Inc., Research Division
Margaret-May Binshtok - Wolfe Research, LLC
Gregory Francfort - Guggenheim Securities, LLC, Research Division
Danilo Gargiulo - Bernstein Institutional Services LLC, Research Division
Presentation
Operator
Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Wingstop Inc.'s Fiscal Third Quarter 2026 Earnings Conference Call. [Operator Instructions]
Please note that this conference call is being recorded today, Wednesday, October 28, 2026. On the call today are Michael Skipworth, President and Chief Executive Officer; Alex Kaleida, Senior Vice President and Chief Financial Officer; and Sarah Niehaus, Senior Director of Investor Relations.
I would now like to turn the conference over to Sarah. Please go ahead.
Sarah Niehaus
Senior Director of Investor Relations & Corporate Finance
Thank you, and welcome to the Fiscal Third Quarter 2026 Earnings Conference Call for Wingstop. Our results were published earlier this morning and are available on our Investor Relations website at ir.wingstop.com.
Our discussion today includes forward-looking statements. These statements are not guarantees of future performance and are subject to numerous risks and uncertainties that could cause our actual results to differ materially from what we currently expect. Our SEC filings describe various risks that could affect our future operating results and financial condition.
We use certain non-GAAP financial measures that we believe can be useful in evaluating our performance. Presentation of such information should not be considered in isolation or
Key Takeaways EQT's acquisition of RRC creates a gas producer with more than 9 Bcfe/d output & nearly 3 million net acres.EQT targets $325 million in annual savings within two years, rising to more than $600 million long term.The combined company projects $20B in five-year free cash flow, with the deal expected to close in Q1 2027.
EQT Corporation (EQT - Free Report) has announced a definitive agreement to acquire Range Resources Corporation (RRC - Free Report) in an all-stock transaction, creating a leading U.S. natural gas producer with a combined enterprise value exceeding $50 billion. The merger is expected to strengthen EQT’s production capabilities, expand its resource base and enhance its position in the growing natural gas market.
EQT-RRC Deal to Strengthen Natural Gas OperationsThe combined company will have net production exceeding 9 billion cubic feet equivalent per day (Bcfe/d), alongside more than 30 years of drilling inventory spanning nearly 3 million net acres. More than 3,700 miles of midstream infrastructure will strengthen its ability to transport natural gas efficiently.
The expanded asset base is expected to improve EQT’s ability to serve rising natural gas demand, particularly across the Appalachian region.
Merger to Deliver Significant Cost Savings for EQTEQT anticipates annual cost savings of $325 million within two years through improvements in corporate operations, production activities and commodity marketing.
Long-term savings are expected to exceed $600 million, supported by infrastructure optimization, improved marketing margins and more efficient resource development.
The transaction is projected to lower EQT’s unlevered free cash flow breakeven below $2 per million British thermal unit, strengthening profitability across changing commodity-price environments.
Deal to Enhance EQT’s Financial StrengthThe combined company is projected to generate approximately $20 billion in cumulative free cash flow over five years, based on recent commodity futures pricing.
The acquisition is expected to reinforce EQT’s financial position, with management anticipating BBB-quality credit metrics at closing.
EQT-RRC Merger Terms & Expected ClosingUnder the agreement, Range Resources shareholders will receive 0.987 EQT shares for each Range Resources share held. Following completion, EQT shareholders will own about 73% of the combined entity, while RRC shareholders will hold the remaining 27%.
The transaction is expected to close in the first quarter of 2027, pending regulatory and shareholder approvals.
EQT’s management will lead the combined company, headquartered in Canonsburg, PA. Two RRC representatives, including chief executive officer Dennis Degner, will join EQT’s board.
EQT & RRC Zacks Rank & Key PicksEQT carries a Zacks Rank #3 (Hold), while Range Resources currently carries a Zacks Rank #2 (Buy).
The EQT-Range merger underscores the growing importance of scale and operational efficiency in the natural gas industry. Against this backdrop, investors may also consider other energy players, such as Antero Resources Corporation (AR - Free Report) and EOG Resources, Inc. (EOG - Free Report) , both of which currently carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Antero Resources has a strong foothold in the Appalachian Basin, particularly in the Marcellus and Utica Shales. Its substantial natural gas and natural gas liquids production base positions it to capitalize on rising domestic energy demand and expanding export opportunities. Reflecting its improving earnings prospects, the Zacks Consensus Estimate for AR’s third-quarter 2026 earnings indicates a 533.3% increase from the year-ago reported figure.
EOG Resources maintains a diversified upstream portfolio across major U.S. oil and natural gas producing regions. Its emphasis on high-return drilling opportunities, operational efficiency and disciplined capital spending supports its long-term production and cash flow prospects. The Zacks Consensus Estimate for EOG’s third-quarter 2026 earnings suggests a 64.2% improvement from the prior-year reported figure.
C.H. Robinson Worldwide, Inc. (CHRW) Q3 2026 Earnings Call October 28, 2026 8:30 AM EDT
Company Participants
Charles Ives - Senior Director of Investor Relations
David Bozeman - President, CEO & Director
Michael Castagnetto - President of North American Surface Transportation
Arun Rajan - Chief Strategy & Innovation Officer
Damon Lee - Chief Financial Officer
Conference Call Participants
Jeffrey Kauffman - Citizens JMP Securities, LLC, Research Division
Thomas Wadewitz - UBS Investment Bank, Research Division
Stephanie Benjamin Moore - Jefferies LLC, Research Division
Jonathan Chappell - Evercore ISI Institutional Equities, Research Division
Christian Wetherbee - Wells Fargo Securities, LLC, Research Division
Brandon Oglenski - Barclays Bank PLC, Research Division
J. Bruce Chan - Stifel, Nicolaus & Company, Incorporated, Research Division
Presentation
Operator
Greetings, ladies and gentlemen, and welcome to the C.H. Robinson Third Quarter 2026 Conference Call. [Operator Instructions] As a reminder, this conference is being recorded, Wednesday, October 28, 2026.
I would now like to turn the conference over to Chuck Ives, Senior Director of Investor Relations.
Charles Ives
Senior Director of Investor Relations
Thank you, Donna, and good morning, everyone. On the call with me today are Dave Bozeman, our President and Chief Executive Officer; Michael Castagnetto, our President of North American Surface Transportation; Arun Rajan, our Chief Strategy and Innovation Officer; and Damon Lee, our Chief Financial Officer.
I'd like to remind you that our remarks today contain forward-looking statements. Slide 2 in today's presentation lists factors that could cause our actual results to differ from management's expectations. Our earnings presentation slides are supplemental to our earnings release and can be found in the Events and Presentations section of our website at investor.chrobinson.com. Today's remarks also contain certain non-GAAP measures and reconciliations of those measures to GAAP measures are included in the presentation.
Key Takeaways SoFi raised its 2026 revenue outlook to $5.04B and projected revenues of $6.4B and 90-cent EPS for 2027.SOFI's membership grew 35% to 17.1M, while total products jumped 44% to 26.7M, driving deeper engagement.SoFi expects 2027 lending growth without new capital raises, backed by a 17% total capital ratio.
SoFi Technologies, Inc. (SOFI - Free Report) used its third-quarter 2026 earnings call to emphasize accelerating growth, stronger profitability and the ability to sustain expansion despite higher interest rates. Management raised its full-year outlook and introduced preliminary 2027 guidance.
The company reported adjusted earnings of 18 cents per share, beating the Zacks Consensus Estimate of 17 cents. Adjusted net revenues of $1.37 billion surpassed the consensus estimate of $1.26 billion.
The discussion centered on deeper customer relationships, improving product monetization and capital flexibility. Executives also addressed lending concentration, technology platform growth and long-term return targets during the analyst Q&A.
SOFI Raises 2026 & 2027 Expectations
CEO Anthony Noto raised SoFi's 2026 adjusted net revenue outlook to $5.04 billion from $4.75-$4.85 billion. Adjusted EBITDA is projected at $1.66 billion, with adjusted earnings of 61 cents per share.
For 2027, management expects $6.4 billion in adjusted net revenues, indicating 27% growth, alongside $2.24 billion in adjusted EBITDA and adjusted earnings of 90 cents per share.
CFO Chris Lapointe told analysts that the 2027 projections assume two interest rate hikes and a 24% effective tax rate. Segment expectations include 25% growth in Lending, 35% in Financial Services and 25% in Technology Platform.
SoFi Emphasizes Deeper Member Engagement
Noto identified member growth, products per member and revenues per product as the company's principal long-term performance drivers.
Members increased 35% year over year to 17.1 million, while total products climbed 44% to 26.7 million. Products per member reached 1.56 from 1.47 a year earlier.
Management highlighted that 51% of new products were opened by existing members. Financial Services annualized revenues per product increased sequentially to $90 from $88, while Lending's adjusted metric reached $942 from $920.
SOFI Defends Lending Economics & Credit Quality
Lapointe highlighted continued lending demand, with total originations reaching $16.9 billion. Personal loan originations totaled $12.6 billion, supported by attractive risk-adjusted returns.
The estimated all-in personal loan net charge-off rate improved to 3.4%, declining 30 basis points sequentially. The consolidated net interest margin increased 16 basis points to 6.14%.
During Q&A, a TD Cowen analyst questioned the sustainability of rapid personal loan growth. Lapointe said that expansion in 2027 would increasingly involve home loans and student loan refinancing rather than the same magnitude of personal loan origination growth.
SoFi Details Capital & Funding Flexibility
Management emphasized that planned 2027 expansion would not require additional capital raising.
Lapointe cited a 17% total capital ratio, comfortably exceeding the 10.5% regulatory minimum. He explained that existing capital capacity and internally generated earnings would support lending growth.
Responding to a Mizuho analyst, Lapointe quantified approximately $29 billion in potential incremental risk-weighted asset capacity from existing resources and future capital generation. Management indicated that this capacity was not required to achieve its 2027 guidance.
SOFI Addresses Technology Platform Challenges
Technology Platform revenues declined 24% year over year to approximately $87 million, reflecting the previously disclosed departure of a large customer.
Excluding that customer, revenues increased 18%. Management expects the segment to return to 25% growth in 2027, supported by existing-client monetization and new relationships.
When a Scotiabank analyst questioned the segment's growth composition, Noto emphasized its dual role supporting internal operations and external clients. He identified payment processing, cloud-based banking infrastructure and fraud prevention among its strategic capabilities.
SoFi Outlines Longer-Term Expansion Priorities
Noto highlighted eight businesses generating more than $100 million each in annualized revenues, demonstrating the company's broader product diversification.
Management outlined a goal of reaching 100 million products by 2030. Its ambitions also include expanding the number of businesses exceeding significant annual revenue thresholds.
The overarching message remained focused on increasing customer lifetime value through product adoption and stronger unit economics. Management also reiterated its longer-term objective of achieving 20-30% returns on tangible common equity.
What SOFI's Zacks Rank & Style Scores Indicate
SoFi currently carries a Zacks Rank #3 (Hold). Its Value Score of F and Growth Score of F indicate relatively unfavorable characteristics under those investment styles. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The stock has a Momentum Score of C and a VGM Score of F, indicating a less favorable overall combination of value, growth and momentum characteristics. These scores contrast with the stronger A and B grades preferred in the Zacks framework.
Investors should also recognize that the Zacks Rank can change as analysts revise earnings estimates following the latest quarterly results.
Investors interested in stocks from the Financial - Miscellaneous Services sector have probably already heard of Rithm (RITM) and SoFi Technologies, Inc. (SOFI). But which of these two companies is the best option for those looking for undervalued stocks?
SoFi shares gain 13.4% after strong Q3 earnings and raised guidance, but valuation concerns and lending risks raise questions about buying after the rally.
Gold (XAU/USD) price retreats 0.50% on Wednesday as the US-Iran conflict seems far from ending while investors await the Federal Reserve’s (Fed) monetary policy decision at 18:00 GMT. The XAU/USD pair trades at $4,039 at the time of writing.
XAU/USD retreats as rising Treasury yields and renewed inflation risks weigh ahead of Warsh's press conferenceTraders remain cautious ahead of the Fed. US equity markets are subdued, US Treasury yields edge higher, and Oil prices remain underpinned by the Middle East conflict.
Bullion remains on the defensive as the US 10-year Treasury yield rises three basis points to 5.040%. Meanwhile, the Greenback cools off ahead of the FOMC’s decision, with the US Dollar Index (DXY), which measures the performance of the American currency against six other currencies, down 0.09% to 102.27.
The focus is on the Fed’s decision. Money markets had almost fully priced in that the Fed funds rate will be unchanged at 3.75%-4%, though questions will arise at Fed Chair Kevin Warsh press conference about why not raise rates today, when West Texas Intermediate (WTI), the US Oil benchmark, is close to $103 per barrel, up more than 3%, and gasoline prices are $1.20 higher than a year ago at $4.24, according to AAA Fuel Prices.
Also, in the last Summary of Economic Projections (SEP), the majority of the board penciled in at least another interest rate increase this year. Along with this, traders would look for hints from Warsh about the future of interest rates, even though he doesn’t like to forward-guide the markets.
Tensions between the Houthis and Saudi Arabia remain high, following an attack by the Iran-backed group in Yemen on a Saudi refinery, which pushed energy prices higher on concerns of supply disruptions.
After the Fed’s meeting, Gold traders will also eye the release of the Core Personal Consumption Expenditures (PCE) Price Index, the Fed’s preferred inflation measure, on Thursday. A hot reading, along with strong Gross Domestic Product (GDP) figures, will cement the case for another rate hike at the December meeting.
The swaps market had priced in 21 basis points of tightening, or an 85% chance that the Fed will hike in the December meeting, according to Prime Terminal.
Meanwhile, higher interest rates are negative for Gold prices, despite its appeal as an inflation hedge.
Of note, analysts polled by Reuters revised their forecasts for Gold downward toward the end of 2026.
XAU/USD technical analysis: Gold consolidates within $4,000-$4,100Even though Gold formed a ‘bullish harami’ candle pattern, price action on Wednesday puts in doubt the validity of the pattern. If the candle closes the day near current prices, it could open the door to some consolidation.
Momentum has shifted negatively. The Relative Strength Index (RSI) is bearish, pointing downwards, aligned with price action. Given the mixed signals, price action will remain at around familiar levels until the Fed’s decision.
On the upside, the next area of interest is a resistance trendline drawn from the September highs near $4,100. A breach of this level will expose $4,200. The next key resistance levels are the 100-day Simple Moving Average (SMA) at $4,218 and the 50-day SMA at $4,278.
If XAU/USD falls below $4,000, it could test last Friday’s low of $3,975. The next key support levels are the July 17 low of $3,959 and the year-to-date (YTD) low of $3,941.
Gold daily chart Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
Silver (XAG/USD) tumbles over 1.45% on Wednesday, diving to $53.60 per troy ounce and remaining within familiar levels as investors await the Federal Reserve’s (Fed) decision. Bearish momentum seems to have paused, though the market structure remains tilted to the downside.
XAG/USD Price Forecast: Technical outlookDuring the week, Silver reached a weekly high of $54.55, but buyers remain unable to crack the $55.00 area, which would clear the path for a recovery to the October 22 high of $58.02, a 6% gain for XAG/USD.
The Relative Strength Index (RSI) is bearish, with the index at 31.58 and closing into oversold territory. Hence, the path of least resistance is tilted downward.
The first support for XAG/USD is $53.50; once cleared, it paves the way for a fall to $53.00. Below lies the October 27 year-to-date (YTD) low of $52.67, before sellers set their sights on the psychological $50.00.
XAG/USD Price Chart – Daily
Silver daily chart Silver FAQs Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
Gold 281026 Daily Chart
Gold is losing ground as traders prepare for Fed decision and focus on rising Treasury yields. The yield of 2-year Treasuries climbed above the 4.76% level, while the yield of 10-year Treasuries settled near 5.00%.
Analysts and market participants expect that Fed will keep the federal funds rate unchanged, so traders will mostly focus on comments from Fed Chair Warsh. In case Warsh is hawkish, gold may find itself under more pressure.
Gold traders also focus on the situation in the oil markets. Oil prices are rising as traders worry that U.S. and Israel will restart the military operation against Iran after U.S. midterm elections. High oil prices will force central banks to be more hawkish, which will be bearish for gold.
U.S. dollar is losing ground against a broad basket of currencies as forex traders take some profits off the table ahead of Fed decision. Weaker dollar did not provide support to gold markets in today’s trading session.
The nearest support level for gold is located in the $4000 – $4020 range. In case gold declines below the $4000 level, it will head towards the next support, which is located in the $3890 – $3910 range.
On the upside, a move above $4050 will push gold towards the $4100 level. If gold settles above $4100, it will head towards the nearest resistance level, which is located in the $4160 – $4180 range.
Silver Retreats As Gold/Silver Ratio Climbs Above 75
Silver 281026 Daily Chart
Silver pulls back as gold/silver ratio climbed above the psychologically important 75.00 level. In case gold/silver ratio stays above 75.00, it will head towards the 78.00 level, which will be bearish for silver.
From a big picture point of view, gold/silver ratio continues to rebound from yearly lows near 43.50 and has already climbed above 75. In case gold/silver ratio settles back in the previous 75 – 90 range, silver will find itself under more pressure.
Currently, silver is trying to settle below the 53.50 level. In case this attempt is successful, silver will head towards the nearest support at $51.00 – $52.00. RSI is in the moderate territory, so there is plenty of room to gain momentum in case the right catalysts emerge.
On the upside, a successful test of the resistance at $56.00 – $57.00 will push gold/silver ratio towards the psychologically important $60.00 level.
Gold Price Forecast
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Platinum Tests Support At $1520 – $1540
Platinum 281026 Daily Chart
Platinum remains stuck near support level at $1520 – $1540 as traders wait for Fed decision. Palladium markets are down by -2.0%, which is bearish for platinum.
In case platinum manages to settle below the $1520 level, it will head towards the support level, which is located in the $1440 – $1460 range.
On the upside, platinum needs to settle back above the $1550 level to have a chance to gain upside momentum in the near term. In this case, platinum will move towards the resistance at $1600 – $1620.
If you’d like to know more about how to trade gold and silver, please visit our educational area.
TE Connectivity plc (TEL) Q4 2026 Earnings Call October 28, 2026 8:30 AM EDT
Company Participants
Sujal Shah - Vice President of Investor Relations
Terrence Curtin - CEO & Executive Director
Heath Mitts - CFO, Executive VP & Executive Director
Conference Call Participants
Scott Davis - Melius Research LLC
Wamsi Mohan - BofA Securities, Research Division
Amit Daryanani - Evercore ISI Institutional Equities, Research Division
William Stein - Truist Securities, Inc., Research Division
Joseph Giordano - TD Cowen, Research Division
Joseph Spak - UBS Investment Bank, Research Division
Asiya Merchant - Citigroup Inc., Research Division
Mark Delaney - Goldman Sachs Group, Inc., Research Division
Manmohanpreet Singh - JPMorgan Chase & Co, Research Division
Varun Govindaraj - Bernstein Institutional Services LLC, Research Division
Shreyas Patil - Wolfe Research, LLC
Presentation
Operator
Everyone, thank you for standing by, and welcome to the TE Connectivity Fourth Quarter Earnings Call for Fiscal Year 2026.
[Operator Instructions] As a reminder, today's call is being recorded. I would now like to turn the conference over to our host, Vice President of Investor Relations, Sujal Shah. Please go ahead.
Sujal Shah
Vice President of Investor Relations
Good morning, and thank you for joining our conference call to discuss TE Connectivity's fourth quarter and full year results for fiscal 2026, along with the outlook for our first quarter of fiscal 2027. With me today are Chief Executive Officer, Terrence Curtin; and Chief Financial Officer, Heath Mitts.
During this call, we will be providing certain forward-looking information, and we ask you to review the forward-looking cautionary statements included in today's press release. In addition, we will use certain non-GAAP measures in our discussion this morning, and we ask you to review the sections of our press release and the accompanying slide presentation that address the use of these items. The press release and related tables, along with the slide presentation, can be found on the Investor Relations
Utah's advanced technology ecosystem brings aerospace, composites and elite sport together ahead of the 2034 Olympic Winter Games
, /PRNewswire/ -- 47G, USA Bobsled/Skeleton (USABS), Albany Engineered Composites, Hexcel and Nammo Composite Solutions today announced a new partnership bringing together advanced materials, engineering and manufacturing expertise to support the development of next generation cowlings for USA bobsleds. The partnership was announced at 47G's annual Zero Gravity Summit, held as part of Hard Tech Week in Salt Lake City.
The collaboration brings together athletes, engineers, manufacturers and innovators to explore how technologies developed for some of the world's most demanding applications can be applied to elite sport. The partnership also showcases the depth of Utah's hard-tech ecosystem, connecting companies with expertise spanning aerospace, advanced materials, manufacturing and defense with athletes preparing to compete on the world's biggest stage: The 2034 Winter Olympics.
"Partnerships like this are a great reminder that innovation can come from unexpected places," said Lyndon Smith, President, Americas & Global Fibers. "The same advanced materials and technical expertise that support aerospace and defense can open new possibilities in elite sport. We're excited to work alongside USA Bobsled/Skeleton and our industry partners to see what we can accomplish together."
At the heart of the effort is the application of advanced composite technology to one of the most equipment-driven sports in the world. For USABS athletes, performance is measured in hundredths of a second, making the weight, strength, aerodynamics and design of a sled critical considerations on the track. As part of this partnership, Albany will work with USABS to manufacture next-generation composite bobsleds intended to support USA Bobsled and Skeleton athletes. Hexcel is contributing advanced composite materials expertise, while Nammo Composite Solutions will manufacture carbon-fiber cowlings for the team's two-man bobsleds.
The technology behind the partnership has applications far beyond the bobsled track. Advanced composite materials offer a combination of strength, durability and low weight that has made them essential to modern aerospace and defense applications, including aircraft, missiles and unmanned systems. Albany, Hexcel and Nammo bring decades of experience engineering and manufacturing composite components for some of the world's most demanding environments, and the USABS partnership creates an opportunity to apply that expertise to elite athletics. Together, these Utah-based companies are bringing aerospace and defense expertise in advanced materials and manufacturing to the development of high-performance sled technology.
"Advanced composite technology has helped transform aerospace by enabling engineers to design components that are strong, lightweight and capable of performing in some of the most demanding environments," said Jeff Daniel, vice president, commercial segment at Albany Engineered Composites. "Bringing that expertise to bobsled creates an exciting opportunity to apply what we have learned in aerospace to a completely different performance challenge. We are proud to work alongside USA Bobsled/Skeleton to develop technology that can support USA Bobsled and Skeleton athletes on the road to 2034 and beyond."
The partnership comes as Utah prepares to welcome the Olympic and Paralympic Winter Games in 2034. USABS athletes already train and compete at Utah Olympic Park in Park City, creating a natural connection between the state's technology ecosystem and the future of bobsled competition on home ice. For 47G, the collaboration represents an opportunity to demonstrate that Utah's Olympic legacy can extend beyond hosting world-class competition. With advanced manufacturing, aerospace, defense, research and technology companies operating across the state, Utah has developed an ecosystem capable of bringing together expertise from traditionally separate industries.
"Utah has spent decades building an ecosystem where advanced manufacturing, aerospace, research and entrepreneurship intersect," said Aaron Starks, president and CEO of 47G. "As we look toward 2034, we have an opportunity not only to host the world's best athletes, but also to showcase the technologies, companies and talent helping shape the future of performance and innovation."
The partnership was announced October 28 at 47G's annual Zero Gravity Summit at the Salt Palace in Salt Lake City, held as part of Hard Tech Week. As USA Bobsled/Skeleton athletes prepare for the 2034 Winter Olympics on home ice, aerospace and advanced manufacturing expertise is finding a new proving ground on the bobsled track.
About 47G
47G is the nation's fastest-growing organization for deeptech and aerospace and defense companies. Representing more than 230 members, 47G is building a nationally recognized ecosystem that accelerates the development and deployment of next-generation technologies. Want to learn more? Visit our website at 47G.org, follow us on LinkedIn and X, and subscribe to our YouTube Channel.
About USA Bobsled/Skeleton
USA Bobsled/Skeleton (USABS) is the national governing body for bobsled and skeleton in the United States. USABS promotes and grows the sports while recruiting, developing, training and supporting athletes from their introduction to bobsled and skeleton through elite international competition.
About Albany Engineered Composites
Albany Engineered Composites, a segment of Albany International Corp. (NYSE: AIN), designs and manufactures advanced engineered composite components for demanding applications in commercial and military aircraft, missiles and unmanned vehicles. Albany Engineered Composites combines advanced materials, engineering and manufacturing expertise to develop solutions for some of the world's most demanding applications.
About Hexcel
Hexcel Corporation is a global leader in advanced lightweight composites technology. We provide innovative, high-performance material solutions that are lighter, stronger, and tougher, shaping a world that moves farther, smarter, and more efficiently. Our broad and unrivaled product range includes carbon fiber, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, resins, engineered core, and composite structures for use in commercial aerospace, defense and space, and industrial applications.
About Nammo
Nammo Composite Solutions (NCS) is part of Nammo, an international aerospace and defense company headquartered in Raufoss, Norway. With more than 4,000 employees, 27 production sites, and a presence in 12 allied countries, Nammo is one of the world's leading providers of specialty ammunition, shoulder-fired systems, and rocket motors. NCS applies that same manufacturing discipline to advanced composite structures for aerospace and defense applications.
Seacoast Banking Corporation of Florida (SBCF) Q3 2026 Earnings Call October 28, 2026 10:00 AM EDT
Company Participants
Charles Shaffer - Chairman, President & CEO
Tracey Dexter - Executive VP & CFO
Michael Young - Executive VP, Chief Strategy Officer & Treasurer
Conference Call Participants
Wood Lay - Keefe, Bruyette, & Woods, Inc., Research Division
Russell Elliott Gunther - Stephens Inc., Research Division
Stephen Scouten - Piper Sandler & Co., Research Division
Presentation
Operator
Welcome to Seacoast Banking Corporation's Third Quarter 2026 Earnings Conference Call. My name is Colby, and I'll be your conference operator today.
[Operator Instructions]
Before we begin, I've been asked to direct your attention to the statement at the end of the company's press release regarding forward-looking statements. Seacoast will be discussing issues that constitute forward-looking statements within the meaning of the Securities and Exchange Act, and its comments today are intended to be covered within the meaning of that act. Please note that this conference is being recorded.
I will now turn the conference over to Chuck Shaffer, Chairman and CEO of Seacoast Bank. Mr. Shaffer, you may begin.
Charles Shaffer
Chairman, President & CEO
Okay. Thank you, Colby, and good morning, everyone, and thank you for joining us. As we move through today's presentation, we'll reference the third quarter 2026 earnings slide deck available at seacoastbanking.com. Joining me today are Tracey Dexter, our Chief Financial Officer; Michael Young, our Chief Strategy Officer; and James Stallings, our Chief Credit Officer.
Seacoast delivered another strong quarter with continued progress in growth, profitability and operating leverage, all tracking well against the guidance we laid out earlier this year. The quarter also marked an important transition for our company. We successfully completed the technology conversion of Citizens First Bank in The Villages, bringing our integration work largely to a close. The third quarter also represents the
Key Takeaways Broadridge's Q1 revenues are expected to grow 3.4% y/y to $1.64 billion, while EPS may fall 9.3% to $1.37.Recurring revenues, strong client retention & growing demand for financial technology may fuel BR's growth.Higher implementation costs, slower sales conversion & investments in technology may pressure BR's earnings. Broadridge Financial Solutions, Inc. (BR - Free Report) is set to report first-quarter fiscal 2027 results on Nov. 3, before the opening bell.
The company has an impressive earnings surprise history. BR’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 12.7%.
Shares of BR have had a decent run over the past month. The stock has risen 10% against the industry’s 5% and the Zacks S&P 500 composite’s 0.4% decline.
Image Source: Zacks Investment Research
Q1 Expectations for BRThe Zacks Consensus Estimate for revenues in the to-be-reported quarter is pinned at $1.64 billion, suggesting a 3.4% rise from the fiscal first-quarter 2026 actuals.
Recurring revenue growth, supported by high client retention, increasing investor participation, demand for financial technology solutions and continued conversion of the sales backlog, is likely to have contributed to the growth.
The Zacks Consensus Estimate for net revenues at Investor Communication Solutions is pegged at $1.14 billion, suggesting a 1% year-over-year increase. The consensus estimate for net revenues in the Global Technology and Operations segment is pegged at $502.24 million, indicating a 9.3% year-over-year rise. Growing adoption of digital communications and governance solutions and the Wealth InFocus platform are anticipated to have boosted the Investor Communication Solutions segment. Expansion in tokenization and digital asset infrastructure and integration of artificial intelligence across BR’s technology platforms are likely to have contributed to the Global Technology and Operations segment.
The Zacks Consensus Estimate for earnings in the to-be-reported quarter is pegged at $1.37 per share, indicating a 9.3% year-over-year decline. We expect slower sales conversion, higher implementation costs and expenses related to investment in new technology platforms to have impacted operating leverage, delayed expected earnings benefits and contributed to the bottom-line decline.
What Our Model Says About BROur proven model does not conclusively predict an earnings beat for Broadridge this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, that is not the case here. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Broadridge has an Earnings ESP of 0.00% and a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to ConsiderHere are a few stocks from the broader Computer and Technology sector, which, according to our model, have the right combination of elements to beat on earnings this reporting cycle.
Camtek Ltd. (CAMT - Free Report) has an Earnings ESP of +0.85% and a Zacks Rank of 2. The company is scheduled to report its third-quarter 2026 results on Nov. 4.
The Zacks Consensus Estimate for CAMT’s third-quarter 2026 revenues is pegged at $160.37 million, indicating year-over-year growth of 27.3%. For earnings, the consensus mark is pegged at 98 cents per share, implying a 19.5% increase from the year-ago quarter’s actual.
Camtek beat the consensus estimate in three of the trailing four quarters and missed once, with the average earnings surprise being 1%.
Microchip Technology Incorporated (MCHP - Free Report) has an Earnings ESP of +3.31% and a Zacks Rank of 2. The company is scheduled to declare its second-quarter fiscal 2027 results on Nov. 5.
The Zacks Consensus Estimate for MCHP’s second-quarter fiscal 2027 revenues is pegged at $1.61 billion, indicating 41% year-over-year growth. The consensus estimate for earnings is pegged at 94 cents per share, implying a year-over-year increase of more than 100%.
Microchip Technology beat the consensus estimate in each of the trailing four quarters, delivering an earnings surprise of 7.7% on average.
Key Takeaways Joby Aviation holds an edge over Archer Aviation, backed by improving EPS estimates and a lower valuation.JOBY's 2026 loss estimate stands at 89 cents per share, while ACHR's is 96 cents.ACHR plans Texas air taxi networks, while Joby Aviation advances autonomous flight and premium services. The aviation industry is moving toward electric flight, with growing investor interest in advanced air mobility. Archer Aviation Inc. (ACHR - Free Report) and Joby Aviation, Inc. (JOBY - Free Report) are two prominent players developing electric vertical takeoff and landing (eVTOL) aircraft designed to transform urban transportation through faster, quieter and more sustainable air travel.
Archer Aviation is focused on commercializing its Midnight aircraft for air taxi services, while also pursuing aircraft sales, strategic partnerships and defense-related opportunities. Joby Aviation is developing its all-electric air taxi and pursuing regulatory certification, with plans to operate passenger services through its own network and partnerships. Both companies aim to capitalize on the emerging air mobility market, although their commercialization strategies, certification progress and execution risks differ.
Archer Aviation is broadening its business through defense and autonomous aviation initiatives, while Joby Aviation is advancing manufacturing capabilities and building an integrated air mobility network. Both companies have significant commercialization opportunities, but their ability to achieve regulatory certification, scale production and manage cash burn will be critical to their long-term growth prospects.
Here’s a closer look at how Archer Aviation and Joby Aviation compare as they work to commercialize eVTOL technology and capture opportunities in the emerging advanced air mobility market.
Tailwinds for ACHRArcher Aviation is strengthening its position in the eVTOL market through plans to establish air taxi networks and strategic acquisitions aimed at expanding its aerospace and defense capabilities.
In October 2026, Archer Aviation announced plans to develop three air taxi networks serving Austin, Dallas–Fort Worth and Houston. The proposed networks are designed to connect major airports, business districts and coastal destinations across Texas, potentially cutting road travel times of 60–90 minutes to 10–20 minutes by air using its all-electric Midnight aircraft. The initiative provides Archer Aviation with an opportunity to address growing demand for faster urban transportation across the Texas Triangle, which is home to more than 20 million people.
In September 2026, Archer Aviation announced that the waiting period under the Hart-Scott-Rodino Act had expired for its planned acquisition of Boeing’s Wisk Aero, SkyGrid and Insitu subsidiaries. The transaction, expected to close by the end of 2026, subject to remaining regulatory approvals and other customary conditions, is intended to combine autonomous flight technology, unmanned aircraft systems and airspace intelligence capabilities with Archer Aviation’s eVTOL platform and ZEE AI foundation model. This could strengthen the company’s position in both commercial aviation and defense.
These initiatives support Archer Aviation’s long-term growth prospects by expanding its potential commercial air taxi network and broadening its technology portfolio. However, the realization of these opportunities will depend on regulatory approvals, successful execution and the eventual scaling of commercial operations.
Tailwinds for JOBYJoby Aviation is strengthening its position in the advanced air mobility market through initiatives to expand its aviation services and demonstrate the capabilities of its autonomous flight technology.
In October 2026, Blade Urban Air Mobility, a Joby Aviation company, announced the return of BLADEone, its seasonal jet service between New York and South Florida, in partnership with private jet airline Aero. The service is scheduled to operate from November 2026 through May 2027, connecting Westchester County Airport with destinations in Palm Beach and Miami. The initiative allows Joby Aviation to capitalize on growing demand for private air travel while expanding its presence in the premium aviation market.
In September 2026, Joby Aviation announced that an aircraft equipped with its autonomy technology had completed an autonomous flight across the United States, covering 3,199 miles without control inputs from its onboard safety pilot. The converted Cessna Caravan demonstrated autonomous taxiing, takeoffs, navigation and landings under remote supervision. This milestone highlights the potential applications of Joby Aviation’s autonomy technology across commercial freight, medical transport, disaster response and defense logistics.
These initiatives support Joby Aviation’s long-term growth prospects by expanding its aviation services and demonstrating the potential of its autonomous flight capabilities.
Risks of Investing in ACHR and JOBYAlthough Archer Aviation and Joby Aviation are making steady progress with their eVTOL programs and show near-term promise, their long-term outlook is still uncertain. The eVTOL market is in its early stages, and the ability of these companies to design, certify and scale production will depend on how the industry grows and how demand for these aircraft develops. Factors such as safety, noise levels and overall affordability may also influence public acceptance and could slow broader adoption.
How do EPS Estimates Compare for ACHR & JOBY?The Zacks Consensus Estimate for ACHR’s 2026 loss is pegged at 96 cents per share, indicating a year-over-year decline. ACHR’s 2026 and 2027 EPS estimates have remained the same over the past 60 days.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for JOBY’s 2026 loss is pegged at 89 cents per share, indicating year-over-year growth. JOBY’s 2026 and 2027 EPS estimates have moved north over the past 60 days.
Image Source: Zacks Investment Research
Stock Price Performance: ACHR vs. JOBYACHR and JOBY have performed in line year to date, with both stocks declining 16.4%.
Image Source: Zacks Investment Research
JOBY’s Valuation More Attractive Than ACHRJOBY is trading at a forward sales multiple (P/S F12M) of 25.14, below ACHR’s forward sales multiple of 26.37.
Image Source: Zacks Investment Research
ConclusionJoby Aviation appears to have an edge over Archer Aviation, supported by improving EPS estimates and a more attractive valuation. Joby Aviation’s autonomous flight milestone and expanding aviation services also highlight its efforts to diversify its growth opportunities.
While Archer Aviation advances its air taxi network plans and expands its aerospace and defense capabilities, Joby Aviation’s upward earnings estimate revisions and lower forward sales multiple make it relatively more attractive.
JOBY currently carries a Zacks Rank #2 (Buy), while ACHR has a Zacks Rank #3 (Hold).
You can see the full list of today’s Zacks Rank #1 (Strong Buy) stocks here.
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Harley-Davidson (HOG - Free Report) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.
The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.
Therefore, the Zacks rating upgrade for Harley-Davidson basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
For Harley-Davidson, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for Harley-DavidsonThis motorcycle maker is expected to earn $0.66 per share for the fiscal year ending December 2026, which represents no year-over-year change.
Analysts have been steadily raising their estimates for Harley-Davidson. Over the past three months, the Zacks Consensus Estimate for the company has increased 30.3%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Harley-Davidson to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.
That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.
However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
HealthEquity (HQY - Free Report) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
Here are three of the most important factors that make the stock of this provider of services for managing health care accounts a great growth pick right now.
Earnings GrowthArguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for HealthEquity is 50.7%, investors should actually focus on the projected growth. The company's EPS is expected to grow 18% this year, crushing the industry average, which calls for EPS growth of 14%.
Cash Flow GrowthCash is the lifeblood of any business, but higher-than-average cash flow growth is more beneficial and important for growth-oriented companies than for mature companies. That's because, high cash accumulation enables these companies to undertake new projects without raising expensive outside funds.
Right now, year-over-year cash flow growth for HealthEquity is 22%, which is higher than many of its peers. In fact, the rate compares to the industry average of -1.4%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 16.2% over the past 3-5 years versus the industry average of 10.8%.
Promising Earnings Estimate RevisionsSuperiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The current-year earnings estimates for HealthEquity have been revising upward. The Zacks Consensus Estimate for the current year has surged 0.1% over the past month.
Bottom LineHealthEquity has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination indicates that HealthEquity is a potential outperformer and a solid choice for growth investors.
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
Tanger (SKT - Free Report) is headquartered in Greensboro, and is in the Finance sector. The stock has seen a price change of 9.83% since the start of the year. The factory outlet mall operator is currently shelling out a dividend of $0.31 per share, with a dividend yield of 3.41%. This compares to the REIT and Equity Trust - Retail industry's yield of 4.31% and the S&P 500's yield of 1.36%.
Looking at dividend growth, the company's current annualized dividend of $1.25 is up 8.4% from last year. Over the last 5 years, Tanger has increased its dividend 4 times on a year-over-year basis for an average annual increase of 14.37%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Tanger's current payout ratio is 51%, meaning it paid out 51% of its trailing 12-month EPS as dividend.
SKT is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2026 is $2.50 per share, with earnings expected to increase 7.30% from the year ago period.
Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. It's important to keep in mind that not all companies provide a quarterly payout.
Big, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, SKT presents a compelling investment opportunity; it's not only an attractive dividend play, but the stock also boasts a strong Zacks Rank of #2 (Buy).
Key Takeaways Apollo is taking a minority stake in Mubadala Capital to deepen institutional ties and expand global reach.Mubadala Capital's platform manages, advises and administers more than $755 billion across core businesses.Apollo's AUM rose 25% to $1.05 trillion in Q2 2026, while fee-related earnings climbed 25% to $785 million.
Apollo Global Management, Inc. (APO - Free Report) is strengthening its global alternative investment footprint through a strategic minority investment in Mubadala Capital, the alternative asset management subsidiary of Abu Dhabi-based Mubadala Investment Company. The move reflects Apollo's efforts to deepen institutional relationships, expand investment capabilities and capitalize on the growing demand for private-market solutions.
Beyond reinforcing its Middle East presence, the investment could provide Apollo with access to diversified investment strategies, strengthen its global institutional network and support long-term asset management growth.
The transaction is expected to close in the fourth quarter of 2026, subject to regulatory and legal approvals.
How Will Mubadala Capital Investment Benefit Apollo?Mubadala Capital has established a significant presence in alternative investments, with its core alternatives business managing more than $60 billion across five investment strategies. Its broader platform manages, advises and administers more than $755 billion through its core businesses and strategic partnerships.
Apollo's minority ownership provides an opportunity to participate in Mubadala Capital's growth while strengthening access to its global investment network. The collaboration could facilitate joint investments, broaden institutional relationships and support the development of differentiated private-market products.
The latest investment builds on years of collaboration between Apollo and Mubadala across private credit and capital solutions. In 2024, the companies extended their multi-billion-dollar partnership to pursue global origination opportunities. Earlier initiatives included a $2.5-billion joint venture focused on global private credit investments and Mubadala's support for Apollo's middle-market lending platform.
The deeper partnership could strengthen Apollo's competitive position in private credit, broaden international investment relationships and improve access to new financing opportunities. It may also support capital formation by combining Apollo's investment expertise with Mubadala Capital's institutional network.
Apollo's Expanding Asset Base Provides Strong FoundationAPO's growing asset management operations provide a favorable investment backdrop.
At the end of the second quarter of 2026, the company reported total assets under management (AUM) of $1.05 trillion, up 25% year over year. Fee-generating AUM reached $858 billion.
Fee-related earnings increased 25% year over year to a record $785 million, supported by higher fee-related revenues and margin expansion. Apollo also recorded $60 billion in inflows and $74 billion in origination activity.
These results demonstrate Apollo's ability to attract institutional capital and expand its investment platform. The Mubadala Capital investment complements this momentum by potentially broadening investment opportunities and supporting long-term earnings diversification.
Final Thoughts on ApolloOverall, the investment appears strategically favorable for APO, strengthening an established partnership while expanding its exposure to global alternative investment opportunities. Although near-term earnings contributions remain uncertain, the collaboration could support long-term growth through diversified investment capabilities, improved access to institutional capital and stronger international relationships.
APO’s Price Performance & Zacks RankOver the past three months, shares of Apollo have declined 4.6% compared with the industry’s fall of 1.2%.
Image Source: Zacks Investment Research
The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Similar Steps by Other Financial FirmsFranklin Templeton, Inc. (BEN - Free Report) is set to expand its European alternatives platform as its real estate arm, Clarion Partners, LLC (“Clarion”), agreed to acquire a majority stake in Stoneshield Capital. The deal is expected to close in the fourth quarter of 2026, subject to customary conditions and regulatory approvals.
The deal will add Stoneshield’s $9-billion AUM to Clarion, taking its European AUM to $13 billion and total AUM to $82 billion. Franklin’s alternatives AUM will exceed $300 billion following the transaction. The acquisition supports BEN’s strategy of expanding alternatives and could broaden its investment offerings, attract additional capital and support long-term fee-earning AUM growth.
WaFd, Inc. (WAFD - Free Report) is set to merge with EverBank Financial Corp., a deal expected to deliver 29% earnings per share accretion in 2027 and recover tangible book value dilution in less than two years. The combined company targets 15% return on tangible common equity after realizing expected cost synergies.
The merger will strengthen WAFD’s funding base by combining its commercial deposits and branch network with EverBank’s nationwide direct-to-consumer platform. It will also broaden commercial lending and wealth-management capabilities, supporting a larger and more diversified banking franchise. Regulatory and shareholder approvals, integration execution and synergy realization remain key factors ahead of the expected early-2027 closing.
Key Takeaways VNCE and RL report strong sales growth, fueled by consumer demand and strategic expansion.VNCE raises its fiscal 2026 sales growth outlook to 8-10%, supported by strong demand and improving margins.RL lifts its fiscal 2027 revenue growth outlook to 5-6%, backed by brand elevation and global expansion. Vince Holding Corp. (VNCE - Free Report) and Ralph Lauren Corporation (RL - Free Report) operate in the Textile-Apparel industry, a dynamic sector shaped by shifting fashion preferences, evolving consumer spending patterns and growing demand for premium lifestyle products. Within this competitive landscape, both companies have carved out distinct positions in the premium and luxury apparel markets. While Vince Holding emphasizes understated sophistication and contemporary designs, Ralph Lauren commands a broader global presence through its iconic lifestyle brands and diversified product portfolio.
Vince Holding specializes in luxury women’s and men’s ready-to-wear apparel, operating through wholesale partnerships, retail stores and e-commerce platforms. Its portfolio has also expanded into premium streetwear through October’s Very Own. Meanwhile, Ralph Lauren offers apparel, footwear, accessories, fragrances and home products across multiple price points and international markets. A closer look at their growth strategies, competitive strengths and potential challenges could help determine which stock presents a more compelling investment opportunity.
One-Year Price Performance
Image Source: Zacks Investment Research
The Case for Vince HoldingVince Holding continues to witness strong consumer demand and momentum across its distribution channels. In second-quarter fiscal 2026, net sales increased 11.7% to $81.8 million, driven by 13.7% growth in direct-to-consumer revenues and a 10.4% rise in wholesale sales. Strong full-price selling across women's and men's apparel, supported by favorable customer responses to seasonal collections, highlights sustained demand across the brand's product categories.
Vince Holding maintains a distinct position in the premium apparel market, targeting fashion-conscious consumers seeking understated luxury, sophisticated designs and versatile wardrobe essentials. Its men's business accounts for approximately 25% of sales and continues to expand alongside women's collections. The company is strengthening digital presence through e-commerce initiatives, while leveraging wholesale partnerships and retail expansion to broaden its customer reach.
Vince Holding's acquisition of OVO represents a significant growth opportunity and advances its multi-brand platform strategy. The company plans to leverage its established sourcing, production and wholesale infrastructure to expand OVO's retail and distribution footprint. Management sees the potential for OVO revenues to exceed $100 million by fiscal 2030, with adjusted EBITDA margins in the low double digits, and expects the acquisition to become earnings accretive in fiscal 2027.
Vince Holding's improving financial position provides greater flexibility to pursue strategic investments. Long-term debt declined to $12.3 million at the end of second-quarter fiscal 2026 from $31.1 million a year earlier. The company also reported $63.6 million in excess borrowing availability under its revolving credit facility. The reduced debt burden and available liquidity support investments in OVO, marketing, personnel and store expansion, further advancing the company's broader growth initiatives.
In the second-quarter fiscal 2026 earnings call, Vince Holding raised its full-year outlook, reflecting continued business momentum. The company now anticipates annual sales growth of 8-10%, up from its previous projection of 7-8%. Adjusted operating margins are expected to reach 7.5-8%, compared with the earlier forecast of 4-4.5%, while adjusted EBITDA margins are projected at 9-9.5%, up from the previous guidance of 5.5-6%. Strong demand, improving operating leverage and disciplined execution support the company's growth prospects.
The Case for Ralph LaurenRalph Lauren continues to demonstrate strong business momentum, supported by robust consumer demand, global brand recognition and diversified distribution channels. In first-quarter fiscal 2027, revenues increased 14% year over year to $1.96 billion. Asia revenues climbed 24%, while North America and Europe registered increases of 13% and 7%, respectively, reflecting broad-based growth across regions.
Ralph Lauren maintains a strong position in the global luxury apparel market, supported by its diversified lifestyle portfolio and established brand heritage. Core products, accounting for more than 70% of sales, recorded mid-teens growth, while women's apparel, outerwear and handbags grew more than 20%. Ralph Lauren continues to attract younger, female and luxury-oriented consumers through brand elevation and product innovation initiatives.
The company's expansion strategy focuses on strengthening its presence in key global cities while enhancing digital capabilities and customer engagement. Ralph Lauren opened 22 owned and partner stores during the quarter and added 1.5 million new direct-to-consumer customers. Global direct-to-consumer comparable sales increased 12% in constant currency, while digital ecosystem sales grew at a mid-teens pace. The company is also investing in artificial intelligence and advanced analytics to enhance customer engagement.
Ralph Lauren's financial position provides flexibility to support strategic investments and shareholder returns. The company ended first-quarter fiscal 2027 with approximately $1.9 billion in cash and short-term investments against $1.2 billion in total debt. During the quarter, it returned more than $300 million to its shareholders through dividends and share repurchases, while continuing to invest in marketing, digital capabilities and retail expansion.
In the first-quarter fiscal 2027 earnings call, Ralph Lauren raised its full-year outlook, reflecting continued business momentum and disciplined execution. The company now expects constant-currency revenue growth of 5-6%, compared with its earlier projection of 4-5%. Operating margin expansion is projected at 60-80 basis points, up from the previous forecast of 40-60 basis points. Brand elevation, full-price selling and geographic diversification remain central to its growth strategy.
How Does the Zacks Consensus Estimate Compare for VNCE & RL?The Zacks Consensus Estimate for Vince Holding’s fiscal 2026 and 2027 EPS has moved up a penny to $1.21 and 22 cents to $1.30, respectively, over the past 30 days.
Image Source: Zacks Investment Research
Over the past 30 days, the Zacks Consensus Estimate for Ralph Lauren’s fiscal 2027 earnings has remained unchanged at $18.79 per share, while the estimate for fiscal 2028 has edged up a penny to $20.79.
Image Source: Zacks Investment Research
Price Performance of VNCE & RLVince Holding is currently trading at a forward 12-month price-to-earnings (P/E) ratio of 8.81, below its one-year median of 12.73. Ralph Lauren’s forward P/E ratio is 19.62, also below its median of 20.24.
Image Source: Zacks Investment Research
Over the past year, Vince Holding’s shares have soared 296.4%, significantly outperforming the industry and the S&P 500, which gained 2.1% and 11.6%, respectively. VNCE also outpaced Ralph Lauren, whose shares rose 18.1% over the same period.
VNCE vs. RL: The Bottom LineBoth Vince Holding and Ralph Lauren have demonstrated strong business momentum, supported by distinct brand positioning and strategic growth initiatives. Ralph Lauren benefits from its extensive global presence, diversified lifestyle portfolio and continued investments in brand elevation and digital innovation. Meanwhile, Vince Holding is gaining traction through strong consumer demand, improving operational efficiency and expanding distribution capabilities. The acquisition of OVO further strengthens VNCE’s growth prospects by extending its reach into the premium streetwear market.
While Ralph Lauren offers greater financial stability, brand recognition and geographic diversification, Vince Holding's accelerating business momentum, improving financial position and expansion opportunities present a compelling growth story. The company’s raised earnings outlook and strategic initiatives further strengthen its investment appeal. VNCE appears to be the more attractive pick for investors seeking higher growth potential in the premium apparel market.
VNCE currently sports a Zacks Rank #1 (Strong Buy), while RL carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.
By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.
However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
Ralph Lauren (RL - Free Report) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better.
While there are numerous reasons why the stock of this upscale clothing company is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings GrowthArguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Ralph Lauren is 20.4%, investors should actually focus on the projected growth. The company's EPS is expected to grow 13.3% this year, crushing the industry average, which calls for EPS growth of 4.4%.
Cash Flow GrowthWhile cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds.
Right now, year-over-year cash flow growth for Ralph Lauren is 25.6%, which is higher than many of its peers. In fact, the rate compares to the industry average of 6.6%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 27.6% over the past 3-5 years versus the industry average of 12.7%.
Promising Earnings Estimate RevisionsBeyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The current-year earnings estimates for Ralph Lauren have been revising upward. The Zacks Consensus Estimate for the current year has surged 0.1% over the past month.
Bottom LineRalph Lauren has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination indicates that Ralph Lauren is a potential outperformer and a solid choice for growth investors.
Top 5 Stocks to Watch for AI-Driven Gains That Aren’t NVIDIAJones Lang LaSalle NYSE: JLL reported record third-quarter results, with revenue rising 12% and adjusted EBITDA increasing 33% from a year earlier. Adjusted earnings per share climbed 52%, as the commercial real estate services company cited accelerating advisory demand, continued growth in its resilient businesses and operating leverage from platform initiatives.
President and Chief Executive Officer Christian Ulbrich said advisory revenue growth accelerated to 22%, while the company’s resilient businesses performed in line with expectations. He said the results reflected JLL’s ability to convert revenue growth into profit growth, with margins expanding at a faster pace than in the prior-year quarter.
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Renewed Analyst Sentiment for CBRE Group Stock: Buy the Dip?“Our third quarter results reflect the continued business momentum and ongoing progress on our operating initiatives,” Chief Financial Officer Kelly Howe said. “The pace of growth in both our advisory and resilient revenues increased, driving an acceleration in total revenue growth.”
Leasing and Capital Markets Drive Advisory Growth Leasing Advisory revenue increased 27%, led by continued strength in the U.S. industrial, office and data center markets. U.S. Leasing Advisory revenue rose 39%, supported by a higher average deal size and several large data center transactions. On a two-year stacked basis, global Leasing Advisory revenue was up 34%.
Howe said data centers represented a mid-single-digit percentage of Leasing Advisory revenue during the third quarter, making them an important but not dominant contributor to growth. She described growth as broad-based across industrial, office and data center activity, with particular strength in the U.S.
The company raised its full-year Leasing Advisory revenue growth target to the high-teens percentage range from a prior outlook of mid- to high-teens growth. JLL said the OECD Business Confidence Index, which it views as a two- to three-quarter forward indicator for leasing activity, reached its highest level since mid-2022 in September.
Capital Markets Services revenue also grew across nearly all major geographies and sectors. Global investment sales revenue rose 33%, while U.S. investment sales increased 34%, compared with market growth rates of 9% globally and 11% in the U.S., according to the company. Debt Advisory revenue rose 13%, and Equity Advisory revenue increased 39%.
JLL maintained its full-year Capital Markets Services revenue growth target in the mid-teens, acknowledging that growth could moderate in the fourth quarter against strong comparisons from a year ago. The company said higher bond yields have led to some repricing and longer decision timelines for select transactions, though its global pipeline remains robust, particularly in the U.S.
Ulbrich said the higher-rate environment has had its clearest impact on Capital Markets, rather than JLL’s other business lines. He said multifamily properties in the U.S. have been more affected than other asset classes because investors’ ability to underwrite income growth is an important offset to higher financing costs.
REMS Growth and Contract Changes Within Real Estate Management Services, JLL said Workplace Management delivered double-digit growth through a balanced contribution from mandate expansions and new client wins. Ulbrich said the company expects Workplace Management growth to accelerate in the fourth quarter, citing client consolidation among service providers and growth among JLL’s technology-sector clients.
Project Management revenue increased 14%, including double-digit growth in the U.S. and India. The company cited particular strength in office and data center projects. On a two-year stacked basis, Project Management revenue rose 38%.
Property Management results continued to reflect the effects of strategic contract exits in Asia Pacific, though JLL said it had completed actions on roughly 80% of the identified contracts by quarter-end. The company retained more contracts than expected, often at improved margins, and expects to finish the exits and modifications by year-end. JLL expects the associated growth headwinds to dissipate during 2027.
JLL maintained its target for mid- to high-single-digit full-year revenue growth in Real Estate Management Services. Howe said margin expansion in the segment was supported by operating-platform scale, more favorable contract terms, and synergies from integrating its Software and Technology Solutions business into the segment.
Accelerate 2030 and Platform Investments Ulbrich highlighted progress under JLL’s Accelerate 2030 strategy, including efforts to deepen enterprise client relationships and improve platform efficiency. The company said it retained 99% of its top 100 clients over the past three years.
JLL appointed Mark Gibson as country CEO for the U.S., its largest market, and named former Real Estate Management Services CEO Paul Morgan as chief operating officer. Morgan has joined the company’s global executive board and is overseeing efforts to bring enterprise operations together in a global function.
The company is also using artificial intelligence in internal operations. In July, it launched Ask JLL, an AI-powered resource for employee support across functions such as HR and IT. JLL is also redesigning invoicing and collections with AI agents and automation.
Management expects its platform initiative to contribute more than 20 basis points of annual margin expansion on average, with the contribution increasing over time. Ulbrich said that represents about one-third of the annual margin expansion embedded in the company’s Accelerate 2030 targets.
Cash Flow, Buybacks and Outlook Year-to-date free cash flow reached $174 million, an improvement of $130 million from the prior-year period, driven by higher cash earnings. Reported net leverage improved to 0.5 times, while corporate liquidity stood at $3.6 billion.
JLL repurchased $142 million of shares during the third quarter and $552 million year to date, reducing its share count by more than 3% from a year earlier. The company said it intends to enter a $500 million accelerated share repurchase agreement under its existing authorization, which had $2.5 billion remaining at quarter-end. The accelerated repurchase was expected to represent more than 3% of shares as of Oct. 23 and to be completed by year-end.
The company raised its full-year 2026 adjusted EPS target range to $25.20 to $26.30, representing 37% growth at the midpoint. Management said it remains focused on investments in its platform, talent and capabilities while continuing to evaluate acquisition opportunities against the potential returns from share repurchases.
About Jones Lang LaSalle (NYSE:JLL)Jones Lang LaSalle Incorporated, doing business as JLL, is a global commercial real estate services and investment management company. It serves property owners, occupiers, investors and developers across a broad range of real estate sectors, including office, industrial, retail, residential, hospitality and specialized properties.
JLL's services include leasing, capital markets and investment sales, property and facilities management, project and development management, valuation and advisory services, workplace strategy, sustainability consulting and real estate technology solutions.
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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Jones Lang LaSalle Incorporated (JLL) Q3 2026 Earnings Call October 28, 2026 9:00 AM EDT
Company Participants
Sean Coghlan - Head of Investor Relations
Christian Ulbrich - Chairman of Global Executive Board, President, Global CEO & Director
Kelly Howe - CFO & Member of Global Executive Board
Conference Call Participants
Anthony Paolone - JPMorgan Chase & Co, Research Division
Stephen Sheldon - William Blair & Company L.L.C., Research Division
Alex Kramm - UBS Investment Bank, Research Division
Jade Rahmani - Keefe, Bruyette, & Woods, Inc., Research Division
Julien Blouin - Goldman Sachs Group, Inc., Research Division
Mitch Germain - Citizens JMP Securities, LLC, Research Division
Seth Bergey - Citigroup Inc., Research Division
Annabelle Ayer - Barclays Bank PLC, Research Division
Patrick O'Shaughnessy - Raymond James & Associates, Inc., Research Division
Presentation
Operator
Hello, everyone. Thank you for joining us, and welcome to the Q3 2026 Earnings Conference Call for Jones Lang LaSalle Incorporated.
[Operator Instructions]
I will now hand the conference over to Sean Coghlan, Head of Investor Relations. Sean, please go ahead.
Sean Coghlan
Head of Investor Relations
Thank you, and good morning. Welcome to the Third Quarter 2026 Earnings Conference Call for Jones Lang LaSalle Incorporated. Earlier this morning, we issued our earnings release, along with a slide presentation and Excel file intended to supplement our prepared remarks. These materials are available on the Investor Relations section of our website. Please visit ir.jll.com.
During the call as well as in our slide presentation and supplemental Excel file, we reference certain non-GAAP financial measures, which we believe provide useful information for investors. We include reconciliations of non-GAAP financial measures to GAAP in our earnings release and slide presentation. We also reference resilient and advisory revenues, which we define in the footnotes of our earnings release.
As a reminder, today's call is being webcast live and recorded. A transcript and
NEW YORK, Oct. 28, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against AST SpaceMobile, Inc. (NASDAQ: ASTS) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired AST SpaceMobile securities between March 4, 2025 and July 15, 2026, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/cases/ast-spacemobile-inc-asts-class_action_lawsuit.
AST SpaceMobile Case Details
The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that:
(1) AST SpaceMobile’s increasing capital requirements were likely to increase the Company’s debt load and share dilution with greater frequency and at a greater scale than Defendants had represented to investors;
(2) as a result, Defendants overstated the sufficiency of AST SpaceMobile’s capital and liquidity position to achieve its strategic and business goals;
(3) Defendants overstated the durability of AST SpaceMobile’s competitive position in the satellite direct-to-cell (“D2C”) market;
(4) even following the EchoStar Transaction, Defendants continued to overstate AST SpaceMobile’s competitive position in the satellite D2C market;
(5) AST SpaceMobile was experiencing slow user adoption in the United States and Japan;
(6) the foregoing was likely to have a significant negative impact on AST SpaceMobile’s business and financial prospects; and
(7) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.
What's Next for AST SpaceMobile Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: bgandg.com/cases/ast-spacemobile-inc-asts-class_action_lawsuit. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in AST SpaceMobile you have until November 13, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to AST SpaceMobile Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for AST SpaceMobile Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
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Contact Info
Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]
Attorney advertising.
Prior results do not guarantee similar outcomes.
SAN DIEGO, Oct. 28, 2026 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating whether certain officers and directors of Domino’s Pizza, Inc. (NASDAQ: DPZ) breached their fiduciary duties to the Company and its shareholders. The investigation concerns whether alleged misconduct involving disclosures about the Company’s international growth prospects harmed Domino’s and whether shareholders may pursue claims on the Company’s behalf.
On October 22, 2026, the U.S. District Court for the Eastern District of Michigan denied defendants’ motion to dismiss the related securities class action, allowing claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 to proceed. The ruling addresses the sufficiency of the allegations and is not a determination of liability.
What Should Long-Term Domino’s Shareholders Do?
If you purchased Domino’s shares before December 7, 2023, and have continuously held shares since that time, Johnson Fistel invites you to contact the firm for a confidential discussion of your potential rights. A successful derivative action may recover funds for Domino’s and secure corporate governance reforms, including stronger internal controls and executive oversight, benefiting the Company and its shareholders. A shareholder who serves as a named plaintiff may also be eligible for an incentive award in recognition of time and effort devoted to the litigation, subject to court approval. An award is not guaranteed.
To learn more, visit: https://www.johnsonfistel.com/investigations/dominos-pizza-dpz/
You may also contact James Baker at [email protected] or (619) 814-4471. There is no cost or obligation for this consultation.
What Is the Investigation About?
The previously filed securities class action alleges that Domino’s and certain executives made misleading statements about international growth despite knowing of significant difficulties facing Domino’s Pizza Enterprises Limited, a major international franchisee, in Japan and France. On October 22, 2026, the court denied defendants’ motion to dismiss, allowing the securities claims to proceed.
Who Is Johnson Fistel, PLLP?
Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. The firm also represents foreign investors who have purchased securities on U.S. exchanges.
Attorney advertising. Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. Johnson Fistel, PLLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content.
Contact:
Johnson Fistel, PLLP
501 W. Broadway, Suite 800
San Diego, CA 92101
James Baker | (619) 814-4471 [email protected]
https://www.johnsonfistel.com/
NEW YORK, Oct. 28, 2026 (GLOBE NEWSWIRE) -- Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Hims & Hers Health, Inc. (“Hims & Hers” or the “Company”) (NYSE: HIMS) on behalf of investors that purchased or otherwise acquired Hims & Hers securities between August 4, 2025 and July 29, 2026 (the “Class Period”).
CLICK HERE TO JOIN THE CASE
If you are an investor in Hims & Hers and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than November 2, 2026 for an opportunity to be lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
On July 29, 2026, the Federal Trade Commission (“FTC”), the People of the State of California through Los Angeles County Counsel and the Utah Division of Consumer Protection sued Hims & Hers in the Northern District of California. According to the FTC, the action alleges that Hims & Hers fails to clearly disclose that it charges consumers for prescriptions almost immediately after they submit an intake form, despite telling consumers that they will be able to consult with a medical provider to find a treatment that is “right for them.” The FTC also alleges that the company has made it difficult for consumers to cancel subscriptions and misled consumers about keeping their health information private. The FTC alleges that Hims shared consumers’ health information with Meta, Snap and other third parties.
Following this news, the price of Hims & Hers stock fell $4.32 per share, or 14.73%, to close at $25.00 per share on July 29, 2026.
Based on the FTC allegations, the complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts to investors, including that (1) the Company shared consumers’ health information with third-party advertising platforms; (2) the Company charges consumers for prescriptions almost immediately after they submit an intake form, despite telling consumers that they will be able to consult with a medical provider to find a treatment that is “right for them;” (3) the foregoing conduct subjected the Company to regulatory scrutiny; (4) as a result of the foregoing, the Company was reasonably likely to incur fees and penalties; and (5) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
CLICK HERE TO LEARN MORE
WHY CONTACT KAPLAN FOX?
Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.
If you have any questions about this Notice, your rights, or your interests, please contact:
CONTACT:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
[email protected]
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1501
Oakland, California 94612
(415) 772-4704
[email protected]
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
, /PRNewswire/ -- Saab and General Atomics Aeronautical Systems, Inc. (GA-ASI) have successfully flight tested an unmanned airborne early warning (AEW) capability, integrating Saab's LoyalEye airborne early warning radar with the MQ-9B remotely piloted aircraft system.
Conducted during a flight at GA-ASI's Desert Horizon Flight Operations Facility in Southern California, the activity validated the performance of the integrated system, including its ability to detect, track, and classify airborne targets from an unmanned platform. Stakeholders attended the flight test and observed the capability in real time within a representative operational scenario, highlighting the progress made in the system's development.
The flight test is part of an evaluation programme that began with the system's first flight in May 2026, underscoring the rapid progress of the capability.
"This flight test marks an important milestone in the development of unmanned airborne early warning capabilities. LoyalEye is designed to complement existing AEW&C solutions by providing additional flexibility and persistence, and today's flight validates the capability in a representative operational scenario", says Carl-Johan Bergholm, head of Saab's business area Surveillance.
"This has been one of the most highly anticipated flight tests we have performed," said GA-ASI President David R. Alexander. "The level of customer interest in AEW capability on MQ-9B throughout the world is extremely high. It just makes sense."
LoyalEye on MQ-9B can operate independently or alongside manned AEW&C platforms. An unmanned AEW capability will be able to surveil large areas with persistent surveillance in operating environments where endurance, geographic reach, and reduced aircrew exposure are critical.
Contact
Saab Press Centre
+46 (0)734 180 018
[email protected]
Saab is a leading defence and security company with an enduring purpose, to help nations keep their people and society safe. Empowered by its 31,000 talented people, Saab constantly pushes the boundaries of technology to create a safer and more sustainable world. Saab designs, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems. Saab is headquartered in Sweden. It has major operations all over the world and is part of the domestic defence capability of several nations.
This information was brought to you by Cision http://news.cision.com
Reddit is the latest social platform to adopt the “For You” feed popularized by TikTok. The company announced on Wednesday that users will now see two options when opening the platform: “For You” and “Following.”
The “For You” feed combines posts from communities users have joined with recommendations tailored to their interests. Reddit says the feature will help users discover relevant communities and conversations they might not have otherwise come across. The “Following” feed only displays posts from communities they have joined.
The company says the change is designed to foster connection, participation, and belonging.
Reddit is likely hoping that the redesigned feed experience will nudge users to engage with content beyond the communities they already follow. It also brings Reddit more in line with the recommendation-driven experience that’s become standard across social media, where algorithms play a significant role in shaping what users see.
With the launch, Reddit joins a number of popular platforms that have adopted “For You”-style feeds, including Instagram, X, Threads, and Facebook.
Of course, not everyone will welcome the change, as some users may prefer the more focused feed experience of only seeing posts from communities they’ve joined, rather than having recommended content mixed into their home feed. Some users who encountered the new feed during its initial testing phase have already expressed their frustration with the change.
Reddit says users can switch between feeds and return to the one they last viewed the next time they open the platform.
It’s worth noting that although Reddit has long recommended posts from outside users’ subscribed communities, the new layout gives those recommendations their own feed on the homepage.
“This new feed experience is a first step in helping drive discovery that leads to something novel and relevant – an idea, a connection, a unique perspective, or even a new interest,” the company wrote in a blog post. “A more human internet is not just something you sit back and watch, it is something you find value in and want to participate in.”
The new feed experience is rolling out globally over the next few weeks, the company says.
When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.
Aisha is a consumer news reporter at TechCrunch. Prior to joining the publication in 2021, she was a telecom reporter at MobileSyrup. Aisha holds an honours bachelor’s degree from University of Toronto and a master’s degree in journalism from Western University.
You can contact or verify outreach from Aisha by emailing [email protected] or via encrypted message at aisha_malik.01 on Signal.
Key Takeaways Ultra Clean's Q3 2026 earnings jumped 379.2% to $1.15 per share, while revenues rose 48.8% to $759 million.Product revenues rose 53.2% on strong demand for advanced semiconductors, AI and memory applications.UCTT targets $4 billion in annualized capacity by Q1 2027 and forecasts Q4 2026 revenues of $800-$860 million.
Ultra Clean Holdings, Inc. (UCTT - Free Report) reported third-quarter 2026 adjusted earnings of $1.15 per share, which increased 379.2% year over year and surpassed the Zacks Consensus Estimate of 91 cents by 26.4%. Revenues increased 48.8% year over year to $759 million and beat the consensus estimate of $725.45 million by 4.6%.
Strong demand for semiconductor equipment supported the performance. Growth in etch and deposition applications, particularly those supporting gate-all-around transistors and high-bandwidth memory, drove Products revenues. Higher volumes and a better product mix also improved profitability.
UCTT's Product Revenues Surge on Robust DemandProduct revenues climbed 53.2% year over year to $681.9 million from $445 million. Sequentially, revenues increased 19.1%, reflecting accelerating demand for critical semiconductor manufacturing subsystems.
Management attributed the growth primarily to investments in advanced semiconductor technologies, including gate-all-around architectures and high-bandwidth memory. Artificial intelligence (AI)-related infrastructure expansion continues to support demand across leading-edge foundry, memory and advanced packaging applications.
Products accounted for approximately 89.8% of consolidated quarterly revenues. Foundry and Logic wafer fabrication equipment contributed 52% of total revenues, while Memory WFE represented 34%, highlighting Ultra Clean's exposure to advanced semiconductor manufacturing.
Ultra Clean's Services Business Maintains GrowthServices revenues increased 18.6% year over year to $77.1 million from $65 million. Sequentially, revenues advanced 6.7%, supported by strength across original equipment manufacturer and semiconductor fabrication customers.
The segment provides precision cleaning, coating and contamination-analysis services. Management expects Services revenues to increase gradually as new U.S. fabrication facilities begin operations, with larger contributions anticipated as wafer production increases throughout 2027 and 2028.
UCTT's Margins Improve on Higher VolumesNon-GAAP gross margin expanded to 17.3% from 17% a year earlier. Sequentially, gross margin increased 60 basis points from 16.7%, benefiting from higher manufacturing volumes and stronger contributions from higher-margin product lines.
Products gross margin improved to 15.9% from 15.1% in the preceding quarter, while Services gross margin increased to 30.1% from 28.9%.
Non-GAAP operating margin expanded to 9% from 5.7% a year earlier and 7% in the preceding quarter. Operating expenses totaled $62.9 million, representing 8.3% of revenues compared with 9.7% in the second quarter. Adjusted net income increased to $53.2 million from $11 million a year ago.
Management maintained its longer-term objective of achieving 20% gross margin at approximately $4 billion in annual revenues. Higher utilization, vertical integration and an improved product mix remain central to this target.
Ultra Clean Accelerates Manufacturing ExpansionUltra Clean brought 26,000 square feet of additional clean-room capacity online in Malaysia ahead of schedule, contributing to its third-quarter outperformance. The company plans to double weldment manufacturing capacity in Cebu, Philippines, while adding clean-room capacity in Singapore and the Czech Republic.
Management expects to reach approximately $4 billion in annualized manufacturing capacity during the first quarter of 2027. Existing operations also provide 15-20% additional burst capacity to accommodate demand fluctuations.
The company anticipates incremental investments of $80 million to $100 million through 2027 and 2028 to support expansion toward more than $5 billion in annual capacity.
Under its UCT 3.0 strategy, Ultra Clean secured eight new product development program wins across etch, deposition and lithography applications. These initiatives aim to increase engineered content per semiconductor manufacturing tool.
UCTT's Cash Flow Reflects Inventory InvestmentsOperating cash flow was negative $42.3 million during the quarter, reflecting increased working capital requirements associated with accelerating customer demand.
Inventories reached $723.3 million, increasing $93.4 million sequentially as the company accumulated critical components and maintained safety stocks to address potential supply-chain disruptions.
Cash and cash equivalents totaled $270.9 million at quarter-end compared with $255.9 million in the preceding quarter.
UCTT also generated approximately $34 million in net proceeds through its at-the-market equity offering during the quarter. An additional $169.1 million was raised in early October, with part of the proceeds used to repay outstanding revolving credit borrowings.
Ultra Clean Issues Strong Q4 GuidanceFor the fourth quarter of 2026, Ultra Clean expects revenues between $800 million and $860 million. The midpoint implies sequential revenue growth of approximately 9.4%.
The company projects non-GAAP earnings per share between $1.11 and $1.35, based on approximately 48.9 million diluted shares. GAAP earnings per share are expected between $1.02 and $1.26.
Management expects wafer fabrication equipment spending to exceed $200 billion in 2027, supported by investments in AI, advanced logic and memory manufacturing.
However, supply-chain constraints remain a concern. Management indicated that mass flow controller shortages could persist for another one or two quarters. Customer concentration also remains significant, with the company's two largest customers accounting for 61% of quarterly revenues.
Zacks RankUltra Clean currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Upcoming ReleasesArista Networks Inc. (ANET - Free Report) is scheduled to release third-quarter 2026 earnings on Nov. 3. The Zacks Consensus Estimate for earnings is pegged at $1.08 per share, suggesting growth of 44% from the year-ago reported figure.
Arista has a long-term earnings growth expectation of 22.75%. The company delivered an average earnings surprise of 8.88% in the last four reported quarters.
Motorola Solutions, Inc. (MSI - Free Report) is set to release third-quarter 2026 earnings Nov. 4. The Zacks Consensus Estimate for earnings is pegged at $4.41 per share, implying growth of 8.62% from the year-ago reported figure.
Motorola has a long-term earnings growth expectation of 10.55%. The company delivered an average earnings surprise of 7.17% in the last four reported quarters.
HubSpot, Inc. (HUBS - Free Report) is scheduled to release third-quarter 2026 earnings on Nov. 4. The Zacks Consensus Estimate for earnings is pegged at $3.28 per share, suggesting growth of 23.31% from the year-ago reported figure.
HubSpot has a long-term earnings growth expectation of 21.25%. The company delivered an average earnings surprise of 6.13% in the last four reported quarters.
Analysts are calling optics a critical bottleneck in the AI buildout, and most optical stocks are surging on that thesis, but one of the sector's biggest names is conspicuously sitting out the rally while quietly building the capacity that could…
Optics/photonics stocks are extending their rebound as more analysts argue that optics are a choke point in the AI expansion, yet Coherent (NYSE:COHR | COHR Price Prediction) is sitting out the move. Lumentum Holdings (NASDAQ:LITE) stock is at $897 in afternoon trading, up 4%.
Applied Optoelectronics (NASDAQ:AAOI) stock is at $80, up 3%. Coherent stock is at $237, up by only 0.4%, which leaves one of the group’s biggest names behind its peers.
Why Optical Stocks Keep Rebounding
The gains for Lumentum and its peers extend a recovery that’s been building as the AI-bottleneck argument gains support. Evercore ISI analyst Amit Daryanani pointed to three drivers in an October 27 note. The first is that U.S. regulators are expected to limit imports of foreign-produced optical transceivers by the end of the first quarter of 2027, which Daryanani said would effectively shut Chinese suppliers, which make about two-thirds of all optical transceivers today, out of the U.S. market for next-generation 3.2-terabit (3.2T) transceivers. Such a move would slow AI deployment but help U.S. and allied makers, in his view.
His other two drivers were signs that expansion plans at indium phosphide manufacturers are wavering and renewed confidence that AI spending will last. He called optics “a critical bottleneck to the AI buildout.” That background has Lumentum and Applied Optoelectronics running well ahead of the SPDR S&P 500 ETF Trust (NYSEARCA:SPY), which is at $771, up 0.2%. (The optics names are one slice of the AI buildout; we rounded up seven more suppliers behind the data centers, from power to cooling, in a free report you can grab here.)
Lumentum has also picked up new analyst support. StoneX started coverage of Lumentum with a Buy rating and a $1,200 price target on October 26, and Jefferies analyst Blayne Curtis raised his price target on the stock to $1,250 from $1,200 on October 20.
October was rough for the group before the recovery took hold. Glass and fiber maker Corning (NYSE:GLW) is down 17% over the past month. Applied Optoelectronics has lost 22% over that span, and Coherent has given up 20%.
Lumentum Sells Scarcity While Coherent Builds Capacity
Scarcity grounds the Lumentum story. CEO Michael Hurlston stated on October 8 that Lumentum can’t meet an estimated 70% of demand for some products through 2027, and he has described the company’s optical parts as “completely sold out” through early 2029.
Lumentum’s fiscal 2026 revenue rose 83% to $3.01 billion, and the company guided its fiscal Q1 2027 revenue to $1.225 billion to $1.275 billion with adjusted earnings per share of $4.05 to $4.35. Those numbers show why investors betting on Lumentum need tight supply to last.
Coherent is the balance. NVIDIA (NASDAQ:NVDA) and Coherent stated that NVIDIA invested $2 billion in Coherent, as it did in Lumentum, and Coherent set out to double its indium phosphide laser output by the end of September and more than double it again before 2028.
One way to read the split is that Lumentum profits as long as shortages persist, and Coherent is adding the capacity that could narrow them. Year to date (YTD), Coherent stock is up 28%, by far the smallest gain of the four, while Lumentum stock is up 143%.
Applied Optoelectronics and Corning are rising with the rest of the group. Shares of Applied Optoelectronics are up 128% YTD. Corning stock is at $131, up 3%. So far this year, the glass and fiber maker has gained 50%, and it fills a different link in the optical chain than the laser and transceiver makers.
Lumentum’s Next Report Tests the Optical Shortage Trade
Lumentum’s upcoming fiscal first-quarter report will show whether its laser-chip shortfall is narrowing. Any regulatory action on transceiver imports could change competition for U.S. makers such as Applied Optoelectronics, while progress on Coherent’s capacity expansion bears on how long the shortage lasts.
Microsoft (NASDAQ:MSFT) reports results after the close on October 28. Alphabet (NASDAQ:GOOGL) is scheduled the same evening, and both reports offer a read on the AI spending that drives demand for Lumentum and its peers.
The bulls could argue that import limits and wavering indium phosphide expansion could keep optical parts scarce, supporting pricing for Lumentum. The bears can point to Coherent’s added laser output and October’s steep decline as signs that the shortage trade can reverse quickly. Investors may want to follow optical supply trends closely until the debate over optical supply resolves.
Contact [email protected] for any questions or corrections.
Small-Caps, Big Buybacks: 3 Stocks With Large Buyback CapacityFresh Del Monte Produce NYSE: FDP reported higher third-quarter sales and gross profit as its prepared foods business added scale and profitability following the acquisition of Del Monte Foods, while its fresh operations continued to face elevated costs, weather effects and currency pressure.
Net sales totaled $1.1 billion in the third quarter of 2026, up 7% from a year earlier. Adjusted net sales rose 14%, while gross profit increased 27% to $103 million. Gross margin expanded 150 basis points to 9.4%.
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Dole is a Tasty Low Hanging Treat for Value Hunters Adjusted operating income was $35 million, adjusted net income attributable to the company was $24 million, and adjusted diluted earnings per share were $0.50. Adjusted EBITDA increased 5% to $61 million, representing a 5.6% margin.
Prepared Foods Outlook Raised
Chief Financial Officer Monica Vicente said the company had completed six full months of ownership of Del Monte Foods and that integration efforts were progressing ahead of expectations. The company increased its outlook for the acquired business, now expecting approximately $650 million in net sales and $45 million in adjusted EBITDA, compared with prior expectations of $625 million and $35 million, respectively.
“This increase reflects stronger than expected performance to date,” Vicente said. Integration work is focused on procurement, logistics, commercial execution and trade-spend efficiency, she said.
The prepared foods segment generated a 17.5% gross margin in the quarter, the highest among the company’s reportable segments. However, management maintained its full-year prepared foods gross-margin outlook of 14% to 15%.
Chairman and Chief Executive Officer Mohammad Abu-Ghazaleh said the company is remaining cautious because of rising costs for steel, fuel and other inputs. Vicente added that fourth-quarter holiday-season sales are accompanied by higher trade spending, which can reduce margins.
Management said customer fill rates in the Foods division improved to approximately 98% from 87% in the prior-year period, ahead of the holiday season. Abu-Ghazaleh said the division holds roughly 25% market share in canned vegetables and refrigerated fruit.
Integration and Product Pipeline
Abu-Ghazaleh said the integration of the fresh and foods businesses has proceeded more rapidly and smoothly than management anticipated. He estimated that the company is “almost 60% or more” through the integration process, while noting that further opportunities remain to use its infrastructure more fully.
The company plans to use its agricultural sourcing, fresh and frozen processing operations, manufacturing platform and Del Monte brand to develop new offerings. Management said initial launches from its innovation pipeline are anticipated in the second half of 2027 and through 2028.
Among the opportunities discussed on the call was a planned refrigerated pineapple product line, including gold and Pinkglow pineapple varieties. Abu-Ghazaleh said the initiative could allow the company to use fruit that may not be suitable for the traditional fresh market because of certain defects but remains suitable for processed consumer products.
The company does not currently offer private-label canned products, Abu-Ghazaleh said. Management acknowledged private-label pressure in prepared foods but said improved service levels and product quality should help it maintain market share.
Banana Margins Under Pressure
Fresh operations faced lower volume in certain categories, though favorable pricing across parts of the portfolio partially offset those declines. Vicente cited higher production, procurement, freight, distribution and fuel costs, along with adverse currency movements tied primarily to a stronger Costa Rican colón.
The company lowered its full-year banana gross-margin outlook to 2% to 3%, from a previous range of 3% to 4%. Management attributed the reduction to weather-related volume effects, production and distribution costs, and currency pressure.
Full-year inflationary pressure is now expected to total approximately $55 million to $65 million, with more than half of the amount affecting bananas. The company cited higher fuel and energy costs, fertilizer and other raw-material costs, currency movements, El Niño-related weather effects and geopolitical instability.
Abu-Ghazaleh said 2027 could be a turning point for bananas as growers seek higher prices and the industry confronts rising costs. He said the company intends to focus on profitability rather than volume and would not sell bananas at a loss.
In Costa Rica, the company is advancing the previously announced closure of banana farms that had been losing money. It is repurposing a significant portion of the land to expand production of premium pineapple varieties. Vicente said the closures should improve margins, though pricing and other actions will also be necessary to return banana profitability to an acceptable level.
Fresh-cut fruit sales benefited from strong pricing but experienced lower volume, partly reflecting lower traffic in fresh-produce areas, Vicente said. The category also faced higher inland transportation, production and other inflation-related costs.
Cash Flow, Capital Spending and Full-Year Guidance
Net cash provided by operating activities was $53 million for the first nine months of 2026. Vicente said working capital was elevated following the Del Monte Foods acquisition, including roughly $80 million associated with the foods business in the third quarter. She said the company expects working capital to be approximately $70 million to $80 million above normal this year as it replenishes inventory and establishes a normal operating cycle.
The company reiterated its full-year outlook for adjusted net sales growth of 13% to 15% and adjusted EBITDA of approximately $230 million to $240 million. It also maintained projected gross margins of 11% to 12% for fresh and value-added products and 10% to 11% for other products and services.
Capital expenditures are expected to be between $85 million and $95 million for the year, directed toward integration, productivity projects, premium fresh capacity, European fresh-cut growth and technology-enabled efficiency. The board also declared a quarterly cash dividend of $0.30 per share, payable Dec. 4 to shareholders of record as of Nov. 11.
About Fresh Del Monte Produce (NYSE:FDP)Fresh Del Monte Produce Inc is a global producer, distributor and marketer of fresh and prepared fruits and vegetables. The company offers products such as bananas, pineapples, avocados, melons, berries, grapes and other fresh produce, along with packaged fruit, salads, vegetables, juices and snacks.
Fresh Del Monte manages operations across the produce supply chain, including growing, sourcing, processing, packaging, transporting and distributing food products. Its offerings are sold under the Del Monte brand and other company brands, as well as through private-label programs, serving retail, foodservice and other customers.
The company traces its history to the late 19th century and serves markets in North America, Europe, Asia, the Middle East and Africa.
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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Bausch + Lomb Corporation (BLCO) Q3 2026 Earnings Call October 28, 2026 8:00 AM EDT
Company Participants
George Gadkowski - VP & Head of Investor Relations & Business Insights
Thomas Appio - Interim CEO & Chairman of the Board
Osama Eldessouky - Executive VP & CFO
Yehia Hashad - Executive VP of Research & Development and Chief Medical officer
Conference Call Participants
Patrick Andrew Wood - UBS Investment Bank, Research Division
Young Li - Jefferies LLC, Research Division
Lei Huang - Wells Fargo Securities, LLC, Research Division
Kieran Ryan - Deutsche Bank AG, Research Division
Daniel Christopher Clark - Leerink Partners LLC, Research Division
Douglas Miehm - RBC Capital Markets, Research Division
Presentation
Operator
Good morning, and welcome to Bausch + Lomb's Third Quarter 2026 Earnings Call.
[Operator Instructions] Please note this event is being recorded.
I would now like to turn the conference over to George Gadkowski, Vice President of Investor Relations and Business Insights. Please go ahead.
George Gadkowski
VP & Head of Investor Relations & Business Insights
Thank you. Good morning, everyone, and welcome to our third quarter 2026 financial results conference call.
Participating on today's call are Chairman of the Board and Interim Chief Executive Officer, Mr. Tom Appio; and Chief Financial Officer, Mr. Sam Eldessouky.
In addition to this live webcast, a copy of today's slide presentation and a replay of this conference call will be available on our website under the Investor Relations section.
Before we begin, I would like to remind you that our presentation today contains forward-looking information. We would ask that you take a moment to read the forward-looking legend at the beginning of our presentation as it contains important information.
This presentation contains non-GAAP financial measures and ratios. For more information about these measures and ratios, please refer to Slide 1 of the presentation. Non-GAAP reconciliations can be found
Canadian Dollar has strengthened considerably in recent weeks, driving USD/CAD toward a major technical inflection zone as October draws to a close. While the immediate risk remains tilted lower, the approach toward confluent Fibonacci support raises the prospect of an exhaustion low that could offer bulls an opportunity to regain control.
Sezzle Inc. (SEZL - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The earnings report, which is expected to be released on November 4, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis company is expected to post quarterly earnings of $1.28 per share in its upcoming report, which represents a year-over-year change of +80.3%.
Revenues are expected to be $153.97 million, up 31.8% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.23% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Sezzle Inc.?For Sezzle Inc., the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -3.53%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination makes it difficult to conclusively predict that Sezzle Inc. will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Sezzle Inc. would post earnings of $0.95 per share when it actually produced earnings of $1.13, delivering a surprise of +18.95%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Sezzle Inc. doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
GE Vernova Inc.‘s (NYSE:GEV) gas turbine pricing is rising sharply, but customers are still reserving capacity years before delivery. That’s a sign that the scramble to secure reliable power is extending well beyond the immediate artificial intelligence buildout.
CEO Scott Strazik said full-year 2026 gas equipment order pricing per kilowatt is expected to be about 50% higher than in 2025. The company has also already sold multiple delivery slots for 2032.
• GE Vernova shares are under pressure. Why is GEV stock trading lower?
"This quarter we sold multiple slots for ’32 delivery," Strazik said during the company’s third-quarter earnings call.
He said customers were securing turbines "further into the future" as demand remains strong. GE Vernova signed 11 gigawatts (GW) of gas turbine orders and slot reservation agreements in the third quarter, while shipments totaled 5 GW. Its combined gas equipment backlog and slot reservation agreements increased from 116 GW to 122 GW sequentially.
The company expects to exit 2026 with at least 130 GW of gas equipment under contract (compared with 83 GW at the start of the year), according to its Q3 results.
The delivery timeline is striking because the demand is not coming from data centers alone. Strazik said GE Vernova serves approximately 100 customers across 25 countries, with about 80% traditional customers and 20% tied to data centers.
Read Next
GEV’s Pricing Power Is Reaching the Backlog"Our orders in ’26 relative to ’25 pricing is up directionally 50%," Strazik told analysts, referring to gas equipment order pricing per kilowatt for the full year. He cautioned that quarter-to-quarter comparisons can move with product mix.
Third-quarter gas equipment orders were priced more than 20% above fourth-quarter 2025 orders, reflecting higher-priced turbines and a greater mix of aeroderivative units. Strazik said the price per kilowatt could ease in the fourth quarter as the mix shifts. This isn’t because demand is weakening, but because the company is booking farther into the future as near-term availability tightens.
That distinction matters: the 50% figure is an order-pricing measure per kilowatt, not a claim that every individual turbine costs 50% more.
Higher Prices Could Lift GEV’s MarginsGE Vernova’s Power segment revenue rose 25% in the third quarter, while its segment EBITDA margin expanded to 21.4%, helped by favorable pricing and higher volume. Companywide, orders rose 96% organically to $29.3 billion and total backlog reached $197 billion. GE Vernova also raised its 2026 revenue, adjusted EBITDA margin and free cash flow guidance.
For investors, tight turbine availability is doing more than stretching delivery schedules: it is helping improve the economics of future orders. The test will be how effectively GE Vernova converts reservations into shipments and sustains higher margins as capacity expands.
Read Next
Photo: Saskia B / Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Key Takeaways PBR's shares fell 14% after Lula's reelection, as investors reassessed Brazil's fiscal and economic outlook.PBR reported a 97% jump in Q2 2026 net income to R$52.4 billion, backed by higher production.PBR trades at 4.75X forward earnings, but political risks and lower 2027 EPS cloud its outlook. Petrobras’ (PBR - Free Report) shares fell sharply after Brazil’s president Luiz Inácio Lula da Silva won reelection, defeating senator Flávio Bolsonaro in the presidential runoff. The result surprised investors who had expected Bolsonaro to win and bring more business-friendly policies and tighter government spending.
Petrobras’ American depositary receipts (ADRs) fell 14% between Oct. 23 and Oct. 26, 2026. The stocks also declined as investors reassessed the country’s fiscal outlook, interest-rate prospects and economic policies. Petrobras came under additional pressure because the Brazilian government controls the oil producer.
However, CEO Magda Chambriard described the sell-off as speculative, saying it did not reflect the company’s fundamentals, according to Reuters. She also pointed to Petrobras’ investment pipeline. The comments highlight the difference between market sentiment and the company’s operating performance.
How Petrobras Shares Performed From Oct. 23 to Oct. 26
Image Source: Zacks Investment Research
The sharp decline reflects investor concerns about Brazil’s political and economic outlook. Government ownership makes Petrobras particularly sensitive to changes in policy, fuel pricing and capital allocation. Investors will be watching whether the stock stabilizes as the market reassesses these risks.
Why Should Investors Buy PBR Stock Now?Strong Operating Performance Supports Earnings Growth: Petrobras reported net income of R$52.4 billion ($10.4 billion) in the second quarter of 2026, up 97% year over year. Adjusted EBITDA reached R$93.8 billion ($18.6 billion), supported by higher production and strong refining performance. Company-operated oil production in Brazil reached 2.7 million barrels per day, up 15% from the year-ago quarter. Total oil and natural gas production hit a record 3.34 million barrels of oil equivalent per day.
The refinery utilization factor reached 101%, supporting higher petroleum-product output and domestic supply. Operating cash flow totaled R$61.8 billion ($12.3 billion), up 46% year over year. Strong production and cash generation give Petrobras funds to support its investment program and shareholder returns.
Offshore Investments Support Future Production: Petrobras continues to invest in offshore projects to sustain production growth. The company invested R$26.7 billion ($5.3 billion) in the second quarter, with 82% allocated to exploration and production. The P-80, P-82 and P-83 floating production, storage and offloading units for the Búzios field are under development, with start-up scheduled for 2027. These projects, along with additional well connections, are expected to support future production and cash flow.
Petrobras’ 2026-2030 business plan calls for total investments of $109 billion, including $69.2 billion for exploration and production projects in the implementation target portfolio. If these projects proceed as planned, they could help sustain production and cash generation over the longer term.
PBR Trades at a Discount to Its Sub-Industry
Image Source: Zacks Investment Research
The chart shows Petrobras trading at a forward 12-month price-to-earnings (P/E) ratio of 4.75X, compared with 19.15X for the Zacks sub-industry. This puts PBR at a substantial valuation discount to its peers. The low multiple could appeal to value-focused investors, particularly given the company’s strong recent operating results. However, the discount also reflects concerns about government control, political uncertainty and the expected decline in earnings in 2027. Investors should consider these factors before concluding that the stock is undervalued.
PBR Stock: Key Risks for Investors to ConsiderGovernment Ownership Remains a Concern: Petrobras’ state ownership exposes it to changes in government priorities, fuel-pricing decisions, capital allocation and dividend policy. The recent election-related sell-off shows how political developments can affect the stock, even when operating performance remains strong. Uncertainty surrounding Brazil’s fiscal position and interest-rate outlook could also weigh on Brazilian equities. As a result, strong earnings and production growth may not be enough to support a near-term share-price recovery.
Earnings Growth Could Slow in 2027: The Zacks Consensus Estimate points to a weaker earnings outlook in 2027. The consensus estimates for 2026 earnings per share (EPS) stand at $5.99, up 113.93% year over year. However, the estimate for 2027 is pinned at $4.50, indicating a projected decline of 24.93%.
Image Source: Zacks Investment Research
The expected decline could limit the stock’s upside, particularly if lower earnings reduce the appeal of its current valuation. Investors should monitor earnings estimate revisions and changes in oil prices to assess whether Petrobras can maintain its recent financial performance.
Investment Outlook: Is PBR Stock a Buy or Hold?Petrobras offers exposure to production growth, strong operating cash flow and long-term offshore investments. The company’s record production and higher earnings highlight operating strengths, while the substantial investment program supports its growth prospects.
PBR’s forward P/E of 4.75X also makes the stock look inexpensive relative to its sub-industry. However, the recent sell-off highlights how political developments can weigh on the stock despite strong operating performance. Government ownership remains a key concern, as policy decisions could affect the company’s investment priorities and shareholder returns.
The expected increase in 2026 earnings is encouraging, but the projected decline in 2027 EPS tempers the outlook. Although the low valuation may attract value investors, it is important to consider the political risks and uneven earnings expectations before making an investment decision.
Given these concerns, investors may want to wait for a better entry point rather than buy the stock immediately. Petrobras currently carries a Zacks Rank #3 (Hold), indicating that investors should weigh its operating strengths against the risks before making an investment decision.
Key PicksInvestors interested in the energy sector might consider some better-ranked stocks, such as Marathon Petroleum (MPC - Free Report) , Delek US Holdings (DK - Free Report) and Canadian Natural Resources Limited (CNQ - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Marathon Petroleum is valued at $137.40 billion. The company is a leading U.S. independent refiner, marketer and transporter of petroleum products, with a strong refining footprint and an extensive midstream business. Marathon Petroleum benefits from its integrated operations, strategic refining assets and diversified earnings streams across the energy value chain.
Delek US Holdings is valued at $4.80 billion. It is a diversified downstream energy company engaged in petroleum refining, renewable fuels, asphalt production and logistics operations. Delek US Holdings operates multiple refineries in the United States and is committed to delivering safe, reliable energy while investing in cleaner energy initiatives.
Canadian Natural Resources is valued at $113.25 billion. It is an independent energy company. Canadian Natural Resources is engaged in the exploration, development, production and marketing of crude oil, natural gas and natural gas liquids.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Wall Street expects a year-over-year decline in earnings on lower revenues when Manulife Financial (MFC - Free Report) reports results for the quarter ended September 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on November 4, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis financial services company is expected to post quarterly earnings of $0.83 per share in its upcoming report, which represents a year-over-year change of -1.2%.
Revenues are expected to be $7.92 billion, down 38.6% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.2% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Manulife?For Manulife, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -1.21%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Manulife will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Manulife would post earnings of $0.78 per share when it actually produced earnings of $0.79, delivering a surprise of +1.28%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Manulife doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerVoya Financial (VOYA - Free Report) , another stock in the Zacks Insurance - Life Insurance industry, is expected to report earnings per share of $2.61 for the quarter ended September 2026. This estimate points to a year-over-year change of +6.5%. Revenues for the quarter are expected to be $357.31 million, down 3.4% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for Voya has been revised 2.2% down to the current level. Nevertheless, the company now has an Earnings ESP of +1.66%, reflecting a higher Most Accurate Estimate.
This Earnings ESP, combined with its Zacks Rank #3 (Hold), suggests that Voya will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Wall Street expects a year-over-year increase in earnings on higher revenues when Redwire Corporation (RDW - Free Report) reports results for the quarter ended September 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis company is expected to post quarterly loss of $0.10 per share in its upcoming report, which represents a year-over-year change of +52.4%.
Revenues are expected to be $125.68 million, up 21.5% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 9.8% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Redwire Corporation?For Redwire Corporation, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -17.07%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Redwire Corporation will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Redwire Corporation would post a loss of$0.18 per share when it actually produced a loss of -$0.09, delivering a surprise of +50.00%.
Over the last four quarters, the company has beaten consensus EPS estimates just once.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Redwire Corporation doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerAmong the stocks in the Zacks Aerospace - Defense industry, General Dynamics (GD - Free Report) , is soon expected to post earnings of $4.14 per share for the quarter ended September 2026. This estimate indicates a year-over-year change of +6.7%. This quarter's revenue is expected to be $13.69 billion, up 6% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for General Dynamics has been revised 0.1% down to the current level. Nevertheless, the company now has an Earnings ESP of +0.77%, reflecting a higher Most Accurate Estimate.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that General Dynamics will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Key Takeaways Garmin's Q3 pro forma EPS rose 39% to $2.76, beating the $2.38 estimate, while net sales rose 12% to $1.99B.Garmin's Fitness and Outdoor sales rose 16% and 20%, respectively, fueled by wearables and adventure watches.Garmin lifted its 2026 revenue outlook to $8.15B and pro forma EPS forecast to $10.80, raising margin targets. Garmin Ltd. (GRMN - Free Report) reported pro forma earnings of $2.76 per share for the third quarter of 2026, beating the Zacks Consensus Estimate of $2.38 by 15.97%. The bottom line increased 39% year over year from $1.99 reported in the year-ago quarter.
Net sales rose 12% to $1.99 billion and came in line with the Zacks Consensus Estimate. Fitness and Outdoor together accounted for 65% of sales, supported by demand for wearables and adventure watches. Gross margin expanded 420 basis points to 63.3%.
GRMN's Fitness Revenues Rise on Wearable DemandFitness revenues advanced 16% year over year to $694.3 million. The segment benefited from continued demand for wearables, with operating income increasing 19% to $230.6 million. Gross and operating margins were 63% and 33%, respectively.
During the quarter, Garmin launched the CIRQA Smart Band, a screenless wearable offering health and fitness insights. The company also recently introduced new Edge cycling computers, including the Edge 1060 with hands-free voice controls and the Edge Explore 3 series.
Garmin's Outdoor Sales Surge on Adventure WatchesOutdoor revenues jumped 20% to $597.3 million, primarily driven by demand for adventure watches. Operating income climbed 37% to $233 million, while gross and operating margins reached 68% and 39%, respectively.
The company launched the f??nix 9 and f??nix 9 Pro adventure watch series during the quarter. It also introduced Garmin Drive GPS navigators featuring high-resolution ultrawide displays. The launches expanded Garmin's flagship adventure watch and navigation offerings.
GRMN Sees Growth Across Aviation and MarineAviation revenues increased 5% to $252.7 million, led by original equipment manufacturer product categories. Operating income rose 8% to $65.8 million. The segment recorded gross and operating margins of 78% and 26%, respectively.
Garmin unveiled the G2000 PRIME flight deck for high-performance piston and electric aircraft and announced certification of an all-glass retrofit cockpit for the original Cessna CitationJet.
Marine revenues grew 16% to $309.9 million, driven by broad-based demand led by sonar products. Marine operating income surged 90% to $94 million, while gross and operating margins were 64% and 30%, respectively. The company launched LiveScope 2 and received six Product of Excellence awards from the National Marine Electronics Association.
Garmin's Auto OEM Revenues ContractAuto OEM revenues declined 20% year over year to $131.9 million, primarily due to domain controllers. The segment recorded a gross margin of 16% and an operating loss of $11.9 million compared with a loss of $16.7 million a year earlier.
Lower operating expenses helped narrow the operating loss despite the decline in sales. Garmin continues to work toward the launch of its Mercedes-Benz domain controller program.
Garmin's Operating Profitability ImprovesGross profit increased 20% year over year to $1.26 billion, while gross margin expanded 420 basis points to 63.3%. Operating income rose 34% to $611.6 million, with operating margin expanding 500 basis points to 30.8%. Favorable segment mix, lower product costs and approximately $33 million in refunds of previously paid tariffs supported profitability. GAAP earnings jumped 35% to $2.80 per share.
Operating expenses increased 10% to $646.1 million. Research and development expenses rose 9% to $312.9 million, mainly due to personnel costs. Selling, general and administrative expenses climbed 10% to $333.2 million, reflecting higher personnel-related and advertising expenses.
Garmin Returns Cash to ShareholdersGarmin generated $393.9 million in operating cash flow and $293.3 million in free cash flow during the quarter compared with $485.6 million and $425.1 million, respectively, a year earlier. Capital expenditures totaled $100.6 million. In the first three quarters of 2026, it generated operating and free cash flows of $1.33 billion and $1.04 billion, respectively. It incurred capital expenditure of $295 million during the first nine months of 2026.
The company paid $202 million in dividends and repurchased $41 million of shares. In the first three quarters of 2026, Garmin paid $578.5 million in dividends and bought shares worth $123.2 million. Approximately $407 million remained under its share repurchase authorization at the end of the third quarter. It ended the quarter with approximately $4.1 billion in cash and marketable securities and $2.25 billion in inventory.
Garmin Raises 2026 OutlookGarmin now expects 2026 revenues of approximately $8.15 billion, up from its prior projection of $8.05 billion. Pro forma earnings are forecast at $10.80 per share compared with the previous outlook of $10.
The company raised its gross margin forecast to 61% from 59.7% and its operating margin estimate to 29% from 27%. The projected pro forma tax rate remains unchanged at 16.5%.
Management raised its 2026 guidance following record operating results and continued momentum heading into the holiday selling season.
GRMN’s Zacks Rank and Stocks to ConsiderGarmin currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Computer and Technology sector are Analog Devices (ADI - Free Report) , Applied Materials (AMAT - Free Report) and Cisco Systems (CSCO - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Analog Devices have rallied 54.4% year to date. The Zacks Consensus Estimate for ADI’s fiscal 2026 earnings is pegged at $13.00 per share, up by a penny over the past seven days, indicating an increase of 66.9% year over year.
Shares of Applied Materials have jumped 54.5% year to date. The Zacks Consensus Estimate for AMAT’s fiscal 2026 earnings is pegged at $12.79 per share, unchanged over the past 30 days, calling for a rise of 35.8% year over year.
Cisco Systems shares have surged 45.3% year to date. The Zacks Consensus Estimate for CSCO’s fiscal 2027 earnings is pegged at $5.11 per share, unchanged over the past 30 days, implying an increase of 18% year over year.
NEW YORK, Oct. 28, 2026 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds D-Wave Quantum Inc. (“D-Wave” or the “Company”) (NASDAQ: QBTS) investors of the December 15, 2026 deadline involving a securities fraud class action lawsuit commenced against the Company.
Should You Join The D-Wave Class Action Lawsuit:
Do you, or did you, own shares of D-Wave Quantum Inc. (NASDAQ: QBTS)?Did you purchase your shares between February 26, 2026 and August 25, 2026, inclusive?Did you lose money in your investment in D-Wave Quantum Inc.?
Investors are encouraged to act promptly and submit a form at D-Wave Quantum Inc. Shareholder Class Action Lawsuit or contact Investor Relations Manager Peter Allocco at (212) 951-2030 or [email protected].
If you wish to serve as lead plaintiff for the Class, you must file papers by December 14, 2026. A lead plaintiff is a representative party acting on other class members’ behalf in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About The Lawsuit:
A lawsuit was filed on behalf of investors (the “Class”) who purchased or acquired the securities of D-Wave between February 26, 2026 and August 25, 2026, inclusive, alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its senior officers.
The lawsuit alleges that defendants made materially false and misleading statements and omissions regarding the Company’s business operations, growth prospects, and financial stability. As a result of these alleged misrepresentations, D-Wave securities traded at artificially inflated prices during the Class Period. When the truth was disclosed, investors allegedly suffered significant losses.
About Bernstein Liebhard:
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for sixteen consecutive years.
