Financial News · Live Terminal

Page 362 of 413

Research Alert: United Rentals Prints Q1 Beat As Margins Bounce Back

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:URI delivered strong Q1 results with operating EPS of $9.71, beating consensus by $0.77, while total revenue reached $3.9B (+7.2%) with rental revenue of $3.4B (+8.7%). Adjusted EBITDA margin of 44.1% declined 80 bps Y/Y, but excluding the prior year H&E merger termination benefit, margins actually expanded 60 bps, signaling an important inflection from persistent compression. We see this as evidence that management's restructuring efforts are paying off, with margin pressures finally showing signs of stabilization. The strong quarter enabled URI to raise full-year revenue guidance to $16.9B-$17.4B and adjusted EBITDA to $7.625B-$7.875B. Segment results were mixed, with general rentals achieving 6.2% revenue growth and 150 bps margin expansion to 33.8%, while specialty rentals posted robust 13.8% revenue growth but faced 170 bps margin compression to 41.4%. We believe leverage remains well below historical levels, positioning URI for accretive M&A deals that could generate additional guidance lifts.

$URI

Research109d ago

Research Alert: Fico Loses Its Grip - Fhfa Opens Door To Rivals

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:FICO's stranglehold on mortgage credit scoring officially ended as FHFA Director Bill Pulte announced that "effective immediately," Fannie Mae and Freddie Mac would accept VantageScore, FICO's main competitor, credit models. HUD Secretary Scott Turner said FHA would follow within months. FICO shares plunged 10%+ on the news. Until now, GSEs relied almost exclusively on older FICO models, giving FICO monopolistic control over mortgage financing access. This dominance recently prompted Senator Josh Hawley to investigate FICO's pricing practices. VantageScore costs $0.99 versus FICO's $4.95-$10 plus fees, and uses alternative data like rent payments to score borrowers. We believe this announcement will heavily expand mortgage access, with millions previously excluded by traditional scoring and high costs. This announcement poses a massive headwind for FICO, breaking its monopoly and introducing intense pricing competition unseen in decades. We're watching FICO's April 28 earnings call for management's response.

$FICO

Research109d ago

Research Alert: Pkg Reports Mixed Q1 Results, Provides Q2 Guidance

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:PKG reported mixed Q1 2026 results with adjusted EPS of $2.40, up $0.09 Y/Y and beating guidance of $2.20, while net sales rose 11% to $2.4B ($40M below expectations) driven by the Greif acquisition and volume growth in the legacy business. Total corrugated shipments per day surged 21.8% including Greif operations, with legacy business achieving record shipments per day (+2.8% Y/Y) despite one fewer shipping day. We view the operational excellence and the Greif integration progress as positive, with containerboard inventory down 39k tons sequentially and mills running at full capacity with strong production efficiency. Management guided for Q2 adjusted EPS to $2.33, reflecting cautious optimism amid higher maintenance outage expenses at five mills and increased freight costs. We expect continued strong packaging demand to support full mill capacity utilization, while the company focuses on completing Greif integration and inventory optimization across acquired corrugated facilities.

$PKG

Research109d ago

Research Alert: CFRA Maintains Buy Rating On Shares Of Pegasystems Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We maintain our target price at $44, based on a forward P/E of 16x our 2026 EPS forecast of $2.75, below its three-year average. We increase our 2026 EPS estimate to $2.75 from $2.74 but lower our 2027 EPS projection to $3.15 from $3.22. PEGA reported mixed Q1 2026 results, with total revenue of $430M declining 10% Y/Y, missing consensus, while non-GAAP EPS of $0.46 missed by $0.23, primarily due to a 49% decline in subscription license revenue and higher legal expenses. However, Pega Cloud revenue surged 36% to $205M (now 48% of total revenue), and Pega Cloud ACV accelerated 29% Y/Y to $907M (27% on a constant currency basis), reflecting momentum in the cloud transition. We anticipate stronger 2H 2026 on a favorable renewal mix, strong new logo pipeline, and traction with Blueprint. We see opportunities to convert existing legacy systems to Blueprint-enabled cloud solutions and expect Pega Cloud growth in the 30%-plus range.

$PEGA

Research109d ago

Research Alert: CFRA Reiterates Hold Opinion On Shares Of United Airlines Holdings Inc

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month price target by $3 to $100, 7.5x our 2027 EPS estimate (unchanged) and in line with the shares' five-year average forward multiple. We lower our 2026 EPS to $11.02 from $11.55 and 2027's to $13.33 from $13.74, primarily reflecting significant fuel cost headwinds. We reiterate our Hold opinion, viewing Q1 results as evidence of pricing power, with revenue growth of 10.6% driven by premium (+14%) and loyalty (+13%) customers. However, offsetting strong demand is significant fuel cost pressure (+13% in Q1) that prompted management to lower adjusted EPS guidance by roughly 30%. At current levels, shares trade at approximately 6x consensus 2027 EPS estimates, appearing to discount near-term fuel headwinds. However, sustained higher oil prices would represent an even more significant EPS headwind than reflected in our estimates, which sit $0.02 above the high end of management's guidance. While UAL's pricing power is encouraging, we see balanced risk/reward with limited margin for error.

$UAL

Research109d ago

Research Alert: CFRA Keeps Hold Rating On Shares Of Stifel Financial Corp.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Following Q1 results, we lower our 12-month target price by $7 to $84, applying a forward P/E of 11.9x our 2027 EPS view, in line with SF's 10-year historical forward P/E average and the peer average. We decrease our 2026 EPS estimate to $6.35 from $6.43 and 2027's to $7.04 from $7.23. Our revenue projections are $6.12B (+10%) in 2026 and $6.74B (+10%) in 2027. Our revision reflects a more cautious outlook despite a strong quarter in which both segments performed well, with the Institutional Group surging 29% Y/Y on record investment banking and Global Wealth Management up 10%. While we remain positive on SF's strong investment banking pipeline, we temper our forecast due to increasing macroeconomic and geopolitical uncertainty, which could affect the timing of future business. Still, the positive margin impact from the recent sale of SIA and the European equities restructuring should provide a structural tailwind to profitability.

$SF

Research109d ago

Research Alert: First Industrial Realty Q1: Cash Noi Up On Strong Cash Re-leasing Growth

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:FR reported Q1 revenue of $195M (+10.0% Y/Y, $4M above consensus) vs $177M in the prior-year period. Cash same-store NOI increased 8.7% Y/Y to $134M, representing a significant acceleration from 3.7% growth in Q4 2025. The company achieved robust cash rental rate increases of 31.7% in Q1 (51.9% on straight-line basis), while signing 46 leases covering 2.4M sqft during the quarter. Management maintained full-year 2026 guidance for same-store NOI growth of 5%-6%, unchanged from the prior quarter. Leasing activity improved sequentially from 1.8M sqft in Q4 to 2.4M sqft in Q1, demonstrating continued momentum in the leasing environment and strong tenant demand. The notable acceleration in same-store NOI growth appears attributable to weaker Q4 renewal activity that created favorable Y/Y comparisons for Q1. The strong rental rate spreads and increased leasing volume suggest healthy underlying market fundamentals continue.

$FR

Research109d ago

Research Alert: Globe Life Q1 Eps Tops Our Expectations

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:GL posted Q1 2026 operating EPS of $3.43 vs. $3.07 prior year, beating our conservative $3.35 estimate but missing the $3.48 consensus view. Revenue rose 5.4%, in line with our 3% to 8% forecast, driven by 6% premium growth reflecting 3% life and 13% health premium increases. Strong sales momentum included 6% life sales growth and a 58% surge in health sales, with United American Division's health net sales exploding 122% Y/Y to $61.5M. Management raised 2026 operating EPS guidance to $15.40-$15.90 from $14.95-$15.65, suggesting confidence despite investment income pressures. We expect similar premium growth trajectories in 2026, projecting 2% to 6% life premium growth and 5% to 9% health premium increases. Agent count trends present mixed signals, with Liberty National and Family Heritage expanding 9% and 10% respectively, while American Income declined 4%. We are eager to hear management's perspective on middle-market consumer demand trends.

$GL

Research109d ago

Research Alert: Rs Posts Q1 Sales And Eps Beat, Record Volumes And Major Contract Wins

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:RS reported Q1 2026 adj. EPS of $5.16 vs. $4.66 consensus, exceeding guidance, with net sales of $4.03B beating consensus by $118M on record tons sold of 1.67M (+9.4% Q/Q, +2.7% Y/Y). Gross margin recovered to 29.1% (+180 bps Q/Q), moving within the company's 29%-31% target range as LIFO headwinds moderated. RS outperformed industry shipments by ~8%-pts, marking the 13th consecutive of outpacing industry growth, with broad-based performance across carbon steel, aluminum, and stainless steel categories. Management guided for Q2 2026 adj. EPS of $5.15-$5.35, reflecting confidence in sustained pricing momentum across key end markets. RS secured $2.9B in government contracts, including a $2.24B border wall contract and a $654M Joint Strike Fighter renewal. We believe the aluminum recovery is particularly meaningful given 2025's tariff-related compression, and disciplined capital allocation with $301M returned to shareholders demonstrates balance sheet strength at 1.0x net debt-to-EBITDA.

$RS

Research109d ago

Research Alert: CFRA Lowers Opinion On Shares Of Expedia Group Inc. From Hold To Sell

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month price target by $3 to $240, representing 13x our 2026 EPS estimate (unchanged multiple), a significant discount to EXPE's 21x five-year average forward multiple. We lower our 2026 EPS estimate to $18.51 from $18.55 and 2027's to $20.38 from $20.42, reflecting modestly lower gross bookings growth expectations. We downgrade EXPE from Hold to Sell as we believe shares are overvalued given heightened macroeconomic risks and the company's concentrated U.S. exposure. Elevated oil prices are pressuring U.S. consumer discretionary budgets, which would disproportionately impact EXPE relative to peers given approximately 60% of its business is U.S.-based. Consensus revenue estimates have been revised up 6% on recent bookings momentum but have been slow to reflect recent macroeconomic volatility, suggesting potential downside risk. Additionally, AI-driven search and booking tools represent a longer-term disintermediation threat to EXPE's traditional online travel agency model.

$EXPE

Research109d ago

Research Alert: Luv: Strong Rasm Growth Offsets Fuel Headwinds; Q2 Outlook Cautious

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:LUV reported Q1 adjusted EPS of $0.45 vs. a loss of $0.13 a year ago but below the $0.48 consensus estimate. Total revenue of $7.25B (+12.8%) was below the $7.28B consensus, driven by passenger revenue growth of 13.4% and revenue per available seat mile (RASM) expansion of 11.2%. The company showed cost discipline with lower maintenance expenses (-11.3%) and other operating costs (-1.9%), helping offset fuel headwinds that added $164M in costs. The Q2 EPS guidance midpoint of $0.50 came in below the $0.62 consensus, with management declining to update full-year 2026 EPS guidance from the prior $4.00 target. We think pricing vs. passenger volume bears monitoring as LUV transitions from its 54-year open-seating policy to assigned seating. In our view, cost discipline could help achieve current EPS consensus, but meeting prior guidance may prove difficult. The company maintains balance sheet flexibility with $3.3B in cash, $1.5B credit facility, and $16.5B in unencumbered assets during this transformation.

$LUV

Research109d ago

Research Alert: Lrcx Results And Guidance Beat Comfortably; China Sales Remain Elevated

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:LRCX posted impressive Mar-Q results with sales of $5.84B (+24% Y/Y) and non-GAAP EPS of $1.47 (+41%), beating Street expectations of $5.76B / $1.36. Systems revenue grew 23% Y/Y (vs. +28% last Q) while CSBG sales accelerated to 25% growth (from +14%), reflecting continued strong AI spending momentum. We see continued upside as elevated memory prices drive equipment purchases that should benefit LRCX in the coming quarters. Management provided strong Jun-Q guidance of $6.6B sales (vs. $6.0B Street) and $1.65 EPS (vs. $1.45), while raising its CY 26 WFE outlook to $140B+ from $135B, implying 27% industry growth despite supply constraints. China sales remain elevated at 36% of Mar-Q revenue (+100 bps Q/Q, +500 bps Y/Y), reflecting vulnerability to potential export control tightening and accelerating self-sufficiency efforts (though robust demand ex-China still supports strong growth). Non-GAAP gross margin of 49.9% and operating margin of 35.0% both easily exceeded guidance midpoints (49.0% / 34.0%).

$LRCX

Research109d ago

Research Alert: Caci Delivers Another Eps Beat In Mar-q With Strong Margins And Backlog

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:CACI delivered its ninth consecutive adjusted EPS beat in Mar-Q FY26, reporting revenue of $2.35B (+8% Y/Y) driven by 7% organic growth and strong performance across all segments. Adjusted diluted EPS of $7.27 exceeded consensus by $0.34, while EBITDA margins expanded 60 bps to 12.3% and free cash flow reached $221M, reflecting strong operational leverage and efficiency gains. We believe CACI's strategic transformation into a national security technology company positions it well for sustained growth, with continued investments in software-defined capabilities and competitive advantages from embedded mission proximity. The company maintains strong visibility with $33B total backlog (+6%) and $4B in submitted bids, expecting $22B in submissions over the next two quarters with over 75% representing new business. With 98% of FY26 revenue secured and robust execution momentum, we think CACI remains well-positioned to deliver on its three-year financial targets and drive long-term shareholder value.

$CACI

Research109d ago

Research Alert: Ibm: Results Beat, But Software Deceleration Offsets Consulting Resilience

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Q1 2026 results modestly exceeded expectations with sales of $15.9B (+9% Y/Y) and non-GAAP EPS of $1.91 (+19%), beating consensus of $15.7B and $1.81, respectively. Constant currency sales growth of 6% reflected deceleration from the prior two quarters' +9% and +7%, but management maintained 2026 guidance for constant currency revenue growth of "more than 5%" and FCF of about $15.7B. Software growth decelerated to 8% in constant currency from 11% in Q4 and 9% in Q3, a potential red flag for the bears, though Red Hat rebounded to +10% from +8% in Q4. Thus, we expect consistent ~20% bookings growth in recent periods should support low-teens sales growth this year. Infrastructure remained robust at +12% constant currency growth, with IBM Z sales up 51% Y/Y, though growth faces tougher comps ahead. We view IBM's 110 bps of Y/Y operating margin expansion as impressive, while Consulting's resilience (sales +1%, signings +10%) should counter fears around Anthropic-related COBOL competition, at least for now.

$IBM

Research109d ago

Research Alert: Lululemon Athletica Appoints Ex. Nike Executive Heidi O'neill As Ceo

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Lululemon announced Heidi O'Neill as its next CEO effective September 8, 2026, following a search process after Calvin McDonald's departure in January amid pressure from founder Chip Wilson and activist investor Elliott Management. O'Neill brings over 30 years of performance apparel experience, including 25+ years at Nike where she helped grow the company from a $9B to $45B global leader and most recently served as President, Consumer, Product & Brand. We are in favor of the decision and believe her extensive Nike background and current board positions at Spotify, Hyatt, and Lithia & Driveway make her a well-rounded candidate to guide the turnaround at lululemon. Shares fell 5% in after-hours trading as investors digest the announcement, most likely due to Nike's share decline during her recent tenure there. Her experience overseeing Nike's global consumer and product engine, resetting brand foundation, and reducing product development timelines should accelerate speed to market at LULU.

$LULU

Research109d ago

Research Alert: Hexcel Posts Q1 Beat On Top And Bottom Lines, Strong Margin Expansion

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:HXL posted Q1 adjusted EPS of $0.59 vs. $0.37 prior year, $0.15 above consensus, on sales of $501.5M (+9.9% Y/Y), beating consensus by $18M. Commercial Aerospace sales rose 18.8% Y/Y to $332.7M, led by A350, A320neo, 787, and 737 MAX programs as destocking pressures abated. The results validate our multiyear thesis on operating leverage, with 59.5% EPS growth on sub-10% sales growth as volumes recover into existing capacity. Management reaffirmed 2026 guidance for sales of $2.0B-$2.1B and adjusted EPS of $2.10-$2.30 despite geopolitical uncertainties. Adjusted operating margin expanded 360 bps Y/Y to 13.5%, demonstrating substantial fixed cost leverage. We believe HXL is well positioned to capture incremental revenue from sole-source contracts without material capacity additions, with line of sight to mid-30s incremental margins through 2027, though sustained progress remains contingent on OEM execution and supply chain stability.

$HXL

Research109d ago

Research Alert: Las Vegas Sands Beats Estimates As Marina Bay Sands Continues To Impress

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Las Vegas Sands delivered strong Q1 results with normalized EPS of $0.91, up 54% Y/Y and improving upon Q4 2025 performance, while net revenue increased 25.3% to $3.59B driven by robust growth across both regions. Consolidated adjusted property EBITDA grew 24.6% to $1.42B, though regional margin performance diverged in Macao operations experiencing 140 bps of compression to 29.9% despite generating $633M in adjusted EBITDA (+18.3% Y/Y), while Marina Bay Sands maintained exceptional 53.0% margins (+100 bps Y/Y). Gaming performance showed strength with casino revenues increasing 28.8% to $2.74B and robust rolling chip volumes at Marina Bay Sands ($18.0B vs. $8.0B in the prior year) and The Londoner Macao ($4.7B vs. $1.7B in the prior year). The company continued aggressive capital returns, repurchasing $740M of stock during the quarter and returning $5.24B to shareholders since Q4 2023, representing 14.3% of outstanding shares while maintaining its $0.30 quarterly dividend.

$LVS

Research109d ago

Research Alert: Eastgroup Properties Reports In-line Q1, Rental Growth Slows For New Leases

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:EGP reported Q1 revenue of $190M, representing a solid 9.1% Y/Y increase from $174M in the prior-year period and meeting consensus expectations for the quarter. Cash same property NOI (excluding lease terminations) grew 7.5% to $133M, though this represented a deceleration from the stronger 8.4% growth rate achieved in the previous Q4, with the increase primarily due to strong cash rental growth on new lease signings across the portfolio. The company demonstrated robust leasing momentum, with cash rental rates on new leases signed during Q1 advancing 20.3% compared to the prior year across a total of 69 leases, comprising 22 new leases and 47 renewals that collectively encompassed 2.04M square feet of leased space. Management provided updated guidance for same property NOI growth of 5.7%-6.7% for full-year 2026, representing a 10-bp sequential improvement from the previous quarter's guidance outlook.

$EGP

Research109d ago

Research Alert: Now: Mixed Q1 Performance And Reduced Outlook Weighs On Stock After Hours

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:NOW posted mixed Q1 results, with revenue of $3.77B beating consensus by $20M, and non-GAAP EPS of $0.97 in line with estimates. Total revenues grew 22% Y/Y, while Subscription revenues of $3.671B increased 22% Y/Y, at the high end of the constant currency guidance. AI product adoption surged, with Now Assist customers spending over $1M in ACV growing 130%+ Y/Y, reflecting strong AI monetization momentum, alongside 16 transactions over $5M in net new ACV (up 80% Y/Y). Current RPO of $12.64B grew 22.5% Y/Y, exceeding the 20% constant currency target by 100 bps, demonstrating solid bookings momentum. However, management lowered 2026 guidance incorporating the early closure of the $2.4B Armis acquisition and geopolitical headwinds from delayed Middle East deals. The Armis deal adds 125 bps to growth but creates near-term margin pressure of ~75 bps to operating margin and ~200 bps to FCF margin, with trajectories expected to normalize in 2027.

$NOW

Research109d ago

Research Alert: Molina Healthcare: Q1 Eps Beats, Guidance Maintained

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Molina Healthcare reported mixed Q1 results, with adjusted EPS of $2.35 declining 61% Y/Y but beating the $1.94 consensus estimate. Revenue of $10.8B missed consensus by ~0.8%, with premium revenues down 4% due to membership losses that reduced total membership to 5.0M from 5.8M. We believe the largest membership losses in Marketplace reflect MOH's pricing and strategic portfolio adjustments, as well as industry pressure from ACA enhanced premium tax credit expiration. MOH reaffirmed full-year 2026 guidance of approximately $42B in premium revenue and at least $5.00 in adjusted EPS. Elevated medical costs continue pressuring results, with consolidated MCR deteriorating to 91.1% from 89.2% in the prior year, though Medicaid's 92.0% ratio was viewed favorably by management relative to expectations. We anticipate more comprehensive forward guidance during the Investor Day on May 8 and Q2 results in July. We expect MOH will face headwinds from Medicaid membership reductions under the One Big Beautiful Bill Act.

$MOH

Showing 7221-7240 of 8254