Oil prices have rocketed this year due to the war with Iran. WTI, the primary U.S. oil price benchmark, has risen 85% to more than $100 a barrel. The prolonged closure of the Strait of Hormuz is forcing the world to burn through oil stockpiles at a record pace. While recent reports suggest a peace deal could be close , the current supply disruption could persist even if there's an agreement. The u...
Oil prices have rocketed this year due to the war with Iran. WTI, the primary U.S. oil price benchmark, has risen 85% to more than $100 a barrel. The prolonged closure of the Strait of Hormuz is forcing the world to burn through oil stockpiles at a record pace. While recent reports suggest a peace deal could be close , the current supply disruption could persist even if there's an agreement. The uncertainty is prompting some oil companies, including industry giants ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX) , to remain cautious and maintain their capital spending plans. However, a couple of oil stocks have opted to capitalize on the price surge by ramping up their activity levels . Here's why Chevron and Exxon aren't budging, and two other notable oil companies that plan to drill more wells this year. Image source: Getty Images. Continue reading
Earnings Call Insights: Alcon (ALC) Q1 2026 Management View "The first quarter was an important step forward for our new products, demonstrating strong market acceptance and share gains" (CEO & Director David Endicott), adding that Alcon is seeing "market share gains across key categories, particularly in U.S. AT-IOLs, surgical equipment and consumables and contact lenses as well as dry eye." "Our...
Earnings Call Insights: Alcon (ALC) Q1 2026 Management View "The first quarter was an important step forward for our new products, demonstrating strong market acceptance and share gains" (CEO & Director David Endicott), adding that Alcon is seeing "market share gains across key categories, particularly in U.S. AT-IOLs, surgical equipment and consumables and contact lenses as well as dry eye." "Our order pipeline remains robust, especially post the ASCRS" (CEO & Director Endicott), and he said Unity is "showing strengthening share and actually expanding our installed base" while the company works with customers "to manage OR installations with the quality, service and support they expect from Alcon." "In the U.S., this lens has helped to drive almost 2 share points of growth in the PC-IOL category" (CEO & Director Endicott) on PanOptix Pro, and he described Truel+ as launching "with a toric version from day 1" and said an upgraded Vivity remains on track for "early in 2027." "Tryptyr is already capturing share with approximately 4 share points in just 8 months into the launch" (CEO & Director Endicott), and he said Q1 coverage expanded to "more than half of our commercial lives" while the company focuses on "securing future Medicare Part D coverage." "Our first quarter sales of $2.7 billion were up 6% versus prior year" (Senior VP & CFO Timothy Stonesifer), and he highlighted equipment sales of "$253 million, up 23%, driven by strong momentum from Unity" alongside "$33 million of incremental tariff-related charges" in cost of sales. "Our Board has approved a new $1.5 billion share repurchase program to be executed over the next 3 years" (CFO Stonesifer), adding that a tariff-assumption change implies an "estimated $25 million reduction in tariff expense" that Alcon "would expect to reinvest back into the business." Outlook "We continue to expect constant currency sales growth of between 5% and 7%" (CFO Stonesifer), while the company assumes "aggregate eye care market...
Vasile Jechiu/iStock via Getty Images Investment Thesis Copart, Inc. ( CPRT ) has declined by nearly half over the past year, with the company's P/E ratio compressing from ~40x to ~20x over that time frame. The market appears to be viewing recent weak quarterly performance as an indication that the company's growth story is complete, something that I do not agree with. As I see it, the fundamental...
Vasile Jechiu/iStock via Getty Images Investment Thesis Copart, Inc. ( CPRT ) has declined by nearly half over the past year, with the company's P/E ratio compressing from ~40x to ~20x over that time frame. The market appears to be viewing recent weak quarterly performance as an indication that the company's growth story is complete, something that I do not agree with. As I see it, the fundamental characteristics that make Copart unique and attractive have remained unchanged. The increase in total loss frequency, due primarily to rising EV complexity and advanced driver assistance systems (ADAS), represents a structural tailwind for the company that will likely continue beyond the impact of any single weak quarter. Second, through ownership of its own physical property and VB3 auction platform, Copart has created a sustainable competitive moat that would be hard for any competitor to reasonably recreate. Third, new markets such as international expansion, fleets, financial institutions, and heavy equipment present opportunities for incremental growth that don't appear to be factored into today's valuation. Collectively, these elements make up a business model with a long history of compound growth that is selling at historically low multiples. With these elements suggesting the decline is overstated, I rate the stock a Buy with a 12-month price target of $39.25 per share. Recent Results Q2 FY2026 (ending January 2026) was an especially poor quarter for sales, with a drop of 3.6% YoY to $1.12 billion. Net income fell to $350.7 million, representing a drop of 9.5% YoY. After years of compounding revenue growth at a rate of 9-10% annually, a single quarter of declining sales caused many analysts to drastically lower their target prices for the stock. For example, JPMorgan lowered its price target to $34 from $45, while Barclays maintained a sell rating for the stock at $32. In FY2025 (which ended in July 2025), the company generated $4.65 billion in revenue, produced n...
Sky_Blue/iStock Unreleased via Getty Images The Middle East war has raised fuel costs by nearly $500M per month at A.P. Moller-Maersk ( AMKBY ) ( AMKBF ), and the energy crisis will persist even if a peace deal is reached, CEO Vincent Clerc said Thursday after the shipping giant reported Q1 EBITDA of $1.73B, slightly better than the median forecast of $1.66B in a company-provided analyst poll but...
Sky_Blue/iStock Unreleased via Getty Images The Middle East war has raised fuel costs by nearly $500M per month at A.P. Moller-Maersk ( AMKBY ) ( AMKBF ), and the energy crisis will persist even if a peace deal is reached, CEO Vincent Clerc said Thursday after the shipping giant reported Q1 EBITDA of $1.73B, slightly better than the median forecast of $1.66B in a company-provided analyst poll but well below the $2.71B for the year-earlier quarter. The January-to-March quarter does not capture the full impact on global supply chains caused by the war, which began February 28; Maersk ( AMKBY ) ( AMKBF ) shares down ~7% in European trading. Clerc said the war had added ~3B Danish crowns ($472.7M) to the company's monthly costs as bunker fuel prices surged from ~$600/metric ton to just under $1,000/ton. Maersk ( AMKBY ) ( AMKBF ) has so far been able to pass those costs on to its customers through contract renegotiations and spot rate increases, Clerc said, but he cautioned that the energy crisis shows no sign of fading. "The energy crisis does not go away the day peace comes," the CEO told a press conference, according to Reuters. "Oil companies I speak to... expect it to last at minimum several more months, possibly many more months." Passing on the higher costs to customers has been difficult, but "they can understand, even if they don't like it, why we have to do it. [It] is not something we can just absorb," Clerc said. "There is, of course, a lot of uncertainty if we look further into the year, with respect to what are going to be the secondary impacts of this war - inflation, possibly a reduction in demand," Clerc also said. "There are some question marks about how this is eventually going to flow through the economy." More on A.P. Møller-Maersk Seeking Alpha's Quant Rating on A.P. Møller-Maersk Historical earnings data for A.P. Møller-Maersk Dividend scorecard for A.P. Møller-Maersk
DKosig Tapestry ( TPR ) reported pro forma sales growth of 25% in Q1 and saw its gross margin and operating margin rates expand during the quarter. Non-GAAP EPS of $1.66 for the quarter beat the consensus estimate of $1.60 and was well ahead of last year's mark of $1.03. Notably, the company said it acquired over 2.4M new customers globally, led by a growing number of Gen Z consumers, which repres...
DKosig Tapestry ( TPR ) reported pro forma sales growth of 25% in Q1 and saw its gross margin and operating margin rates expand during the quarter. Non-GAAP EPS of $1.66 for the quarter beat the consensus estimate of $1.60 and was well ahead of last year's mark of $1.03. Notably, the company said it acquired over 2.4M new customers globally, led by a growing number of Gen Z consumers, which represented over 35% of new customers. Demand from existing customers also increased, which Tapesty ( TPR ) said demonstrated broad-based traction and an ability to consistently attract and retain new generations of consumers in a large total addressable market. Geographically, China was a bright spot, with revenue up 55% to $432M. North America saw revenue growth of 20% to $1.11B. By brand, Coach (+31%) offset weakness with Kate Spade (-10%). Looking ahead, the apparel seller sees FY26 revenue of around $7.95B vs. $7.83B consensus and EPS of around $6.95 vs. prior guidance of $6.40 to $6.45 and $6.53 consensus, Shares of Tapestry ( TPR ) were up 4.1% in premarket action after rising 5.3% on Wednesday. More on Tapestry Tapestry: Coach Skyrockets In A Tough Consumer Economy (Upgrade) Tapestry: Great Story, But A Short Growth Runway And An Overly Optimistic Mr. Market Tapestry: Strong Fundamentals, But Stretched Valuation (Rating Downgrade) Tapestry Non-GAAP EPS of $1.66 beats by $0.36, revenue of $1.92B beats by $130M Tapestry FQ3 2026 Earnings Preview
Madison Square Garden Entertainment press release ( MSGE ): Q3 GAAP EPS of $0.11 misses by $0.04 . Revenue of $246.3M (+1.6% Y/Y) beats by $3.35M . Shares +3% PM. More on Madison Square Garden Entertainment Madison Square Garden Entertainment Q3 2026 Earnings Preview Global recorded music revenue hit $31.7B in 2025 as paid streaming surged Seeking Alpha’s Quant Rating on Madison Square Garden Ente...
Madison Square Garden Entertainment press release ( MSGE ): Q3 GAAP EPS of $0.11 misses by $0.04 . Revenue of $246.3M (+1.6% Y/Y) beats by $3.35M . Shares +3% PM. More on Madison Square Garden Entertainment Madison Square Garden Entertainment Q3 2026 Earnings Preview Global recorded music revenue hit $31.7B in 2025 as paid streaming surged Seeking Alpha’s Quant Rating on Madison Square Garden Entertainment Historical earnings data for Madison Square Garden Entertainment Financial information for Madison Square Garden Entertainment
Suburban Propane Partners press release ( SPH ): Q2 GAAP EPS of $2.06 beats by $0.09 . Revenue of $551.21M (-6.2% Y/Y) misses by $23.79M . Adjusted earnings before interest, taxes, depreciation, and amortization (Adjusted EBITDA, as defined and reconciled below) for the second quarter of fiscal 2026 was $175.3 million, flat compared to the prior year second quarter. More on Suburban Propane Partne...
Suburban Propane Partners press release ( SPH ): Q2 GAAP EPS of $2.06 beats by $0.09 . Revenue of $551.21M (-6.2% Y/Y) misses by $23.79M . Adjusted earnings before interest, taxes, depreciation, and amortization (Adjusted EBITDA, as defined and reconciled below) for the second quarter of fiscal 2026 was $175.3 million, flat compared to the prior year second quarter. More on Suburban Propane Partners Suburban Propane: Questionable Model That Relies On Debt And The Weather Yet Brings About No Results Suburban Propane Partners Q2 2026 Earnings Preview Utilities offering the highest dividend yields amid rising market uncertainty Seeking Alpha’s Quant Rating on Suburban Propane Partners Historical earnings data for Suburban Propane Partners
MACOM Technology press release ( MTSI ): Q2 Non-GAAP EPS of $1.09 beats by $0.02 . Revenue of $289M (+22.5% Y/Y) beats by $4.41M . Adjusted gross margin was 58.5%, compared to 57.5% in the previous year fiscal second quarter and 57.6% in the prior fiscal quarter; Adjusted income from operations was $80.5 million, or 27.8% of revenue, compared to adjusted income from operations of $59.8 million, or...
MACOM Technology press release ( MTSI ): Q2 Non-GAAP EPS of $1.09 beats by $0.02 . Revenue of $289M (+22.5% Y/Y) beats by $4.41M . Adjusted gross margin was 58.5%, compared to 57.5% in the previous year fiscal second quarter and 57.6% in the prior fiscal quarter; Adjusted income from operations was $80.5 million, or 27.8% of revenue, compared to adjusted income from operations of $59.8 million, or 25.4% of revenue, in the previous year fiscal second quarter and adjusted income from operations of $74.0 million, or 27.2% of revenue, in the prior fiscal quarter; and For the fiscal third quarter ending July 3, 2026, MACOM expects revenue to be in the range of $331 million to $339 million. Adjusted gross margin is expected to be between 59.0% and 60.0%, and adjusted earnings per diluted share is expected to be between $1.31 and $1.37 utilizing an anticipated non-GAAP income tax rate of 3% and 78.5 million fully diluted shares outstanding. More on MACOM Technology The Outlook For MACOM Technology Is Bright, But The Valuation Is Blinding MACOM Technology Q1 2026 Earnings Preview Investors prioritize data center components in short supply, such as memory, and optical: BNP Seeking Alpha’s Quant Rating on MACOM Technology Historical earnings data for MACOM Technology
Papa John’s International Inc. shares tumbled after sales shrank more than expected, indicating consumers are cutting back on dining out while pizza chains respond by ramping up promotions. The Louisville-based fast-food chain’s stock retreated as much as 9.4% in premarket trading. North America same-store sales fell 6.4% in the first quarter, Papa John’s said in a statement Thursday. That was ste...
Papa John’s International Inc. shares tumbled after sales shrank more than expected, indicating consumers are cutting back on dining out while pizza chains respond by ramping up promotions. The Louisville-based fast-food chain’s stock retreated as much as 9.4% in premarket trading. North America same-store sales fell 6.4% in the first quarter, Papa John’s said in a statement Thursday. That was steeper than the 4.6% decline expected by analysts. For 2026, Papa John’s kept its North America comparable sales guidance of minus 2% to 4%. The company had to “navigate the cautious consumer environment and promotional QSR marketplace,” Papa John’s Chief Executive Officer Todd Penegor said in a statement, referring to quick service restaurants. Papa John’s results follow Domino’s Pizza Inc.’s comparable-sales miss last week, which it attributed to rivals rolling out similar promotions, while saying those offers may prove unsustainable and could force competitors to close stores. Papa John’s said last quarter it plans to shutter about 300 stores across North America in 2026 and 2027. Papa John’s closed a net 36 restaurants in North America in the first quarter. Irth Capital is conducting due diligence on Papa John’s about a possible aquisition, according to a news report last month.
ImmunityBio press release ( IBRX ): Q1 GAAP EPS of -$0.62 misses by $0.55 . Revenue of $44.2M (+167.6% Y/Y) beats by $0.26M . Q1 2026 Revenue Growth with Continued Strong Sales Momentum: $44.2 million, representing an ~168% year-over-year increase compared with Q1 2025 and up 15% from Q4 2025 Shares -7% PM. More on ImmunityBio Reframing ImmunityBio: The Long-Term Platform Opportunity Beyond Anktiv...
ImmunityBio press release ( IBRX ): Q1 GAAP EPS of -$0.62 misses by $0.55 . Revenue of $44.2M (+167.6% Y/Y) beats by $0.26M . Q1 2026 Revenue Growth with Continued Strong Sales Momentum: $44.2 million, representing an ~168% year-over-year increase compared with Q1 2025 and up 15% from Q4 2025 Shares -7% PM. More on ImmunityBio Reframing ImmunityBio: The Long-Term Platform Opportunity Beyond Anktiva ImmunityBio: No Need To Rush Into Buying Today - Why I'm Downgrading To Hold ImmunityBio's Anktiva Could See More Upside: My Updated Thoughts On Expansion ImmunityBio reports Q1 results Immunity Bio responds to FDA concerns over Anktiva marketing materials
Allegro Microsystems ( ALGM ) shares fell 4% in premarket trading on Thursday after the semiconductor company offered up guidance for the first quarter of fiscal 2027 that was largely in line with consensus, suggesting investors wanted more. Shares have gained 90% year-to-date and more than 170% over the past 12 months. For the coming quarter, Allegro expects to earn between $0.19 and $0.23 per sh...
Allegro Microsystems ( ALGM ) shares fell 4% in premarket trading on Thursday after the semiconductor company offered up guidance for the first quarter of fiscal 2027 that was largely in line with consensus, suggesting investors wanted more. Shares have gained 90% year-to-date and more than 170% over the past 12 months. For the coming quarter, Allegro expects to earn between $0.19 and $0.23 per share, compared to the analyst estimate of $0.20 per share. Sales are forecast to be between $245M and $255M, with the $250M midpoint above the $246.9M estimate. Gross margin is expected to be between 50% and 51%, while operating expenses are expected to be $80M, plus or minus $2M. The guidance comes after Allegro reported better-than-expected results for the period ending March 27. Adjusted earnings of $0.17 per share topped estimates of $0.16, while revenue rose 6.1% year-over-year to come in at $243.19M. Analysts had expected sales of $235.94M. “We finished fiscal year 2026 with strong momentum, delivering a fifth consecutive quarter of sales growth at $243 million. Non-GAAP EPS nearly tripled year-over-year to $0.17. For the full year, sales grew 23% to $890 million and non-GAAP EPS more than doubled to $0.54. These results reflect strength in Focus Auto sales—including xEV and ADAS—and Data Center, which reached a record 14% of total Q4 sales,” said Mike Doogue, President and CEO of Allegro MicroSystems, in a statement . “As we enter fiscal 2027, we see demand trends that support continued growth, and remain confident in our ability to execute towards our target financial model.” The company will host a conference call at 8:30 a.m. EST to discuss the results. More on Allegro MicroSystems Allegro MicroSystems: Why It's Time To Take Profits Allegro MicroSystems, Inc. (ALGM) Analyst/Investor Day Transcript Allegro MicroSystems, Inc. (ALGM) Analyst/Investor Day - Slideshow Allegro MicroSystems Non-GAAP EPS of $0.17 beats by $0.01, revenue of $243.19M beats by $7.25M Allegro ...