TT

The market expects Trane Technologies (TT) 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 is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 29, 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 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. This manufacturer is expected to post quarterly earnings of $4.74 per share in its upcoming report, which represents a year-over-year change of +22.2%. Revenues are expected to be $6.44 billion, up 12.1% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.37% higher 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 Estimate 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). For Trane Technologies, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.36%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination indicates that Trane Technologies will most likely beat the consensus EPS estimate. 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 Trane Technologies would post earnings of $4.27 per share when it actually produced earnings of $4.31, delivering a surprise of +0.94%. Over the last four quarters, the company has beaten consensus EPS estimates four times. An 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. Trane Technologies appears 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. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Trane Technologies plc (TT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Investing.com -- Industrial efficiency stocks broadly underperformed key benchmarks during the third quarter of 2026 as HVAC and machinery companies navigated higher interest rates, rising input costs, and weakness in the AI infrastructure trade. However, analysts at Oppenheimer see improved conditions ahead as the sector enters earnings season with lower expectations and reduced valuations. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month's list » The sector has experienced significant multiple contraction since the mid-June Federal Reserve meeting, with industrial efficiency stocks declining 19% on average compared to a 10.7% drop for the XLI industrial index and a 7.9% decline for the S&P 500. Companies with greater exposure to data centers were generally more impacted by the selloff. With stocks reverting toward or below long-term forward multiples, Oppenheimer views the cautious sentiment as creating a better setup heading into the quarter. The broker notes that relative to second quarter earnings season, there appears to be a somewhat lower bar for stocks. Sentiment now factors in execution and political risks to a greater degree, while demand trends across most key verticals remain supportive of upward estimate revisions. Oppenheimer believes this setup could support a sector rally following earnings and midterm elections, though execution on elevated backlogs amid supply constraints and cost inflation is expected to drive performance dispersion during third quarter earnings. Unsure what to buy ahead of earnings? Our AI's recent pre-earnings calls delivered gains of +77% to +118% after results dropped. See this month's earnings picks » Here are Oppenheimer's top picks in the industrial efficiency sector: 1. Forgent Power Solutions - Following order acceleration in late 2025 and early 2026, Forgent Power Solutions shows the clearest potential for second-half 2026 data center revenue upside, according to Oppenheimer. Revenue growth trajectory analysis points to strong ramp execution as the sector focuses on substantial growth assumptions for the second half of 2026 and 2027 amid supply chain constraints. 2. Trane Technologies - Commercial HVAC pipeline commentary supports continued commercial orders growth in the third quarter of 2026 despite sequentially challenging comparisons. Within residential markets, quarter-to-date sell-in trends align with revised industry outlooks and exceed the company's mid-single-digit growth expectations, Oppenheimer noted. 3. Caterpillar - The company's data center ramp is viewed as more predictable, Oppenheimer said, with emphasis on synchronous growth across its portfolio. 4. Toro - Toro rounds out Oppenheimer's top picks in the industrial efficiency sector. Original Article Oppenheimer Lists Top Industrial Efficiency Stocks Into Q3 Earnings Buy the dip in Netflix stock as Q3 results show "no new negatives": DB Mobileye falls as RBC downgrades stock to Underperform on growth risks

Swords, Ireland-based Trane Technologies plc (TT) designs, manufactures, sells, and services solutions for heating, ventilation, air conditioning, and custom and transport refrigeration. The company has a market cap of $105.2 billion and offers air conditioners, exchangers, and handlers; airside and terminal devices; air-source heat pumps; chillers; coils and condensers; auxiliary power, cold storage, and condensing units; and more. The company is expected to release its Q3 2026 earnings on Thursday, October 29, before the market opens. Ahead of the event, analysts expect the company's EPS to be $4.74 on a diluted basis, up 22.2% from $3.88 in the year-ago quarter. The company has exceeded Wall Street's EPS estimates in each of its last four quarters, which is impressive. - Why It's Time to Load Up on Marvell Stock - Dear Accenture Stock Fans, Mark Your Calendars for Oct. 14 - Dear Nvidia Stock Fans, Mark Your Calendars for October 13 - Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. For fiscal 2026, analysts project the company's EPS to be $15.31, up 17.2% from $13.06 in fiscal 2025. Moreover, its EPS is expected to rise by roughly 15.1% year over year (YoY) to $17.62 in fiscal 2027. Shares of Trane have grown 14.3% over the past 52 weeks, underperforming the S&P 500 Index's ($SPX) 17.3% rise but rallying the State Street Industrial Select Sector SPDR ETF's (XLI) 10.3% rise during the same time frame. TT stock rose 3.3% following its Q2 2026 earnings on July 31. TT's revenue grew 10.6% from the prior year's quarter to $6.4 billion and surpassed the Street's estimates, along with its adjusted EPS coming in at $4.31 and also topping Wall Street's forecasts. On a more impressive note, the company raised its full-year adjusted EPS guidance to $15.25 at the midpoint, a 2.7% increase. Analysts' consensus opinion on the stock is moderately bullish, with a "Moderate Buy" rating overall. Of the 25 analysts covering the stock, 15 recommend a "Strong Buy," and 10 recommend a "Hold." TT's average analyst price target is $531.61, indicating an upside of 11.2% from the current level. On the date of publication, Aritra Gangopadhyay did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Trane Technologies (TT), which belongs to the Zacks Technology Services industry. This manufacturer has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 2.44%. For the last reported quarter, Trane Technologies came out with earnings of $4.31 per share versus the Zacks Consensus Estimate of $4.27 per share, representing a surprise of 0.94%. For the previous quarter, the company was expected to post earnings of $2.53 per share and it actually produced earnings of $2.63 per share, delivering a surprise of 3.95%. With this earnings history in mind, recent estimates have been moving higher for Trane Technologies. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. 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. Trane Technologies currently has an Earnings ESP of +0.43%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss. Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate. Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Trane Technologies plc (TT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Trane Technologies (NYSE:TT) and the best and worst performers in the hvac and water systems industry. Many HVAC and water systems companies sell essential, non-discretionary infrastructure for buildings. Since the useful lives of these water heaters and vents are fairly standard, these companies have a portion of predictable replacement revenue. In the last decade, trends in energy efficiency and clean water are driving innovation that is leading to incremental demand. On the other hand, new installations for these companies are at the whim of residential and commercial construction volumes, which tend to be cyclical and can be impacted heavily by economic factors such as interest rates. The 9 hvac and water systems stocks we track reported a very strong Q2. As a group, revenues beat analysts’ consensus estimates by 4.7%. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 5.8% since the latest earnings results. With low-pressure heating systems as its first product, Trane (NYSE:TT) designs, manufactures, and sells HVAC and refrigeration systems, the former to commercial and residential building customers and the latter to commercial truck manufacturers. Trane Technologies reported revenues of $6.35 billion, up 10.6% year on year. This print exceeded analysts’ expectations by 2.3%. Overall, it was a strong quarter for the company with full-year EPS guidance exceeding analysts’ expectations and a narrow beat of analysts’ EPS estimates. Interestingly, the stock is up 1.3% since reporting and currently trades at $452.44. Read why we think that Trane Technologies is one of the best hvac and water systems stocks, our full report is free. Backed by two million square feet of lab testing space, AAON (NASDAQ:AAON) makes heating, ventilation, and air conditioning equipment for different types of buildings. AAON reported revenues of $627 million, up 101% year on year, outperforming analysts’ expectations by 24.6%. The business had an incredible quarter with a beat of analysts’ EPS and EBITDA estimates. AAON pulled off the biggest analyst estimate beat and fastest revenue growth in the group. Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 20% since reporting. It currently trades at $75.85. Is now the time to buy AAON? Access our full analysis of the earnings results here, it’s free. Based in Texas and founded over a century ago, Lennox (NYSE:LII) is a climate control solutions company offering heating, ventilation, air conditioning, and refrigeration (HVACR) goods. Lennox reported revenues of $1.55 billion, up 3% year on year, falling short of analysts’ expectations by 1%. It was a mixed quarter as it posted a solid beat of analysts’ organic revenue estimates but full-year EPS guidance missing analysts’ expectations significantly. Lennox delivered the weakest performance against analyst estimates of the whole group. As expected, the stock is down 24.9% since the results and currently trades at $408.69. Read our full analysis of Lennox’s results here. With over two centuries of combined operations manufacturing and supplying, CSW (NYSE:CSW) offers special chemicals, coatings, sealants, and lubricants for various industries. CSW reported revenues of $350.7 million, up 33% year on year. This number topped analysts’ expectations by 2.4%. Overall, it was an exceptional quarter as it also logged an impressive beat of analysts’ EBITDA and EPS estimates. The stock is up 21.1% since reporting and currently trades at $330. Read our full, actionable report on CSW here, it’s free. Originally started as a farm water drainage company, Advanced Drainage Systems (NYSE:WMS) provides clean water management solutions to communities across America. Advanced Drainage reported revenues of $1.00 billion, up 20.6% year on year. This print beat analysts’ expectations by 2%. It was a very strong quarter as it also recorded an impressive beat of analysts’ EBITDA estimates and a beat of analysts’ EPS estimates. Advanced Drainage had the weakest full-year guidance update among its peers. The stock is down 5.9% since reporting and currently trades at $140.80. Read our full, actionable report on Advanced Drainage here, it’s free. Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership. Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products. By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals. Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

We gave Coherent’s COHR fiscal fourth-quarter results a few trading sessions to settle before revisiting the investment case. That pause has produced a useful signal: COHR stock has declined only about 1.3% since the Aug. 12 release, an effectively negligible move for a stock tied to the volatile AI-infrastructure trade. The subdued reaction does not appear to reflect weak results. Instead, it likely captures a balance between impressive fiscal 2027 guidance and expectations that were already elevated. Coherent now must turn extraordinary demand into output while managing heavy capacity investment and a lingering contraction in its industrial business. Fiscal fourth-quarter revenues crossed $2 billion, beating the Zacks Consensus estimate by 2.7% and increasing 33.8% year over year and 13.3% sequentially. On a pro forma basis, adjusting for divested operations, growth was approximately 42%. The result also exceeded the preceding quarter’s $1.8 billion and marked Coherent’s first quarter above $2 billion. Image Source: COHR Full-year revenues rose 22.5% year over year to a record $7.1 billion from $5.8 billion. Pro forma growth was stronger at approximately 28%, reinforcing that the underlying portfolio expanded faster than the reported total after accounting for business sales. The Datacenter & Communications segment provided nearly all the momentum. Quarterly segment revenues climbed to $1.6 billion, up 58.6% year over year and 18.6% quarter over quarter. It represented roughly 79% of consolidated revenues, compared with about 67% a year earlier. Industrial revenues moved in the opposite direction, falling 15.8% year over year and 3% sequentially to $430.5 million. For the full year, Datacenter & Communications advanced 40.5% to $5.275 billion, while Industrial declined 10.3% to $1.8 billion. Coherent’s growth profile is therefore becoming more concentrated around AI networking and optical connectivity. The earnings quality improved alongside revenues. GAAP gross margin expanded to 38.5%, up 277 basis points year over year and 82 basis points sequentially. Non-GAAP gross margin reached 40.2%, improving 215 basis points annually and 66 basis points from the fiscal third quarter. Image Source: COHR Manufacturing yields, lower input costs, pricing actions and progress on six-inch indium phosphide production contributed to the expansion. The six-inch platform is especially important because it can produce roughly four times the output at about half the cost of the older three-inch process. Non-GAAP operating income increased 62.1% year over year and 21.8% sequentially to $446 million. The corresponding operating margin reached 21.8%, expanding 381 basis points year over year and 152 basis points quarter over quarter. Adjusted net income rose 82.7% annually and 27.2% sequentially to $351 million. Non-GAAP EPS increased 74% year over year and 23.4% quarter over quarter to $1.74, beating the Zacks Consensus Estimate by 7.4%. GAAP EPS improved to $1.19 from a loss of $0.83 one year earlier and $0.97 in the preceding quarter. For the first quarter of fiscal 2027, Coherent expects revenues of $2.2 billion to $2.4 billion. The $2.3 billion midpoint implies approximately 12.4% sequential growth and about 45.6% growth from first-quarter fiscal 2026 revenues of $1.58 billion. The comparison is not perfectly like-for-like because of portfolio changes, but the acceleration remains substantial. The company expects non-GAAP gross margin of 39.5%-41.5%. Its 40.5% midpoint would represent a modest 30-basis-point sequential improvement. Projected adjusted EPS of $1.85-$2.05 implies midpoint growth of 12.1% from the fiscal fourth quarter and approximately 68% year over year. This outlook probably explains why the post-report decline has remained minor. Guidance exceeded the prior quarter’s scale and established a credible path toward a quarterly revenue run rate above $3 billion by fiscal 2027’s end. However, that target also raises the execution threshold embedded in COHR shares. Indium phosphide production remains the principal constraint, although output is scheduled to double year over year during the current quarter. Demand visibility extends into calendar 2028, supported by long-term agreements running through the decade. Additional growth should come from 800-gigabit and 1.6-terabit transceivers, optical circuit switching, co-packaged optics, multi-rail systems and the PhotonLink platform. Supporting those opportunities requires substantial spending. Fourth-quarter capital expenditures reached $556 million, while full-year additions to property, plant and equipment surged 150.2% to $1.103 billion. Annual operating cash flow nevertheless fell 87.5% to $79.5 million. Inventory increased 79.5% year over year to $2.581 billion, considerably faster than revenues. Although expanding inventory can support a rapid production ramp, it also raises working-capital and demand-forecasting risk. Positively, total debt declined approximately 12.6% to $3.222 billion, and cash increased 27.8% to $1.162 billion. Coherent earns a Hold because its operating momentum is powerful, but the investment case now demands flawless delivery. AI-driven optical demand, improving manufacturing economics and broader product ramps support durable growth, while rising margins show that revenues are converting into profit. Yet capacity remains the bottleneck, capital intensity is climbing, inventory has expanded sharply, and the industrial business is still shrinking. The muted post-earnings reaction suggests investors already recognize both the opportunity and the execution burden. Existing shareholders can stay positioned for the optical buildout, but fresh buyers should await clearer evidence that capacity expansion translates smoothly into cash generation. COHR currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Trane Technologies TT reported impressive second-quarter 2026 results. TT’s adjusted earnings of $4.31 per share beat the consensus mark by 0.9% and rose 11.1% from the year-ago quarter’s actual. TT’s total revenues of $6.35 billion surpassed the consensus mark by 2.9% and increased 6.4% year over year. Rollins ROL posted unimpressive second-quarter 2026 results. ROL’s adjusted earnings of 32 cents per share missed the Zacks Consensus Estimate by 5.9% but rose 6.7% year over year. Total revenues of $1.08 billion fell short of the consensus estimate by 1.7% but increased 7.9% from the year-ago quarter. Verisk VRSK reported second-quarter 2026 diluted adjusted earnings of $1.98 per share, beating the Zacks Consensus Estimate of $1.94 by 2.1%. The figure increased 5.3% from the year-ago quarter. Revenues of $806.3 million topped the consensus mark of $802.4 million by 0.5% and rose 4.3% year over year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Coherent Corp. (COHR) : Free Stock Analysis Report Rollins, Inc. (ROL) : Free Stock Analysis Report Verisk Analytics, Inc. (VRSK) : Free Stock Analysis Report Trane Technologies plc (TT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

ICF International, Inc. ICFI reported mixed second-quarter 2026 results with earnings beating the Zacks Consensus Estimate but revenues missing the same. ICFI’s non-GAAP earnings of $1.86 per share topped the Zacks Consensus Estimate of $1.69 by 10.1% and increased 12% year over year. The gain reflected lower tax and interest expenses, a reduced share count and improved EBITDA margins. ICF International, Inc. price-consensus-eps-surprise-chart | ICF International, Inc. Quote Revenues of $474.5 million missed the consensus mark of $476.2 million by 0.4% and fell 0.4% year over year. Commercial and international growth partly offset federal weaknesses. Backlog ended the quarter at $3.3 billion, while the business development pipeline climbed 9% sequentially to $9.3 billion. However, the earnings beat and strong 2026 guidance impressed investors, as the stock has gained 11.4% since the company released results on Aug. 6. ICFI reaffirmed its 2026 revenue guidance of $1.89-$1.96 billion, with the midpoint of $1.925 billion being higher than the Zacks Consensus Estimate of $1.90 billion. Non-GAAP earnings guidance is $6.95-$7.25 per share, with the midpoint of $7.10 per share being marginally higher than the Zacks Consensus Estimate of $7.01 per share. ICFI’s shares have gained 0.7% over the past year compared with the industry’s 2.1% growth. The Zacks S&P 500 composite has risen 24.1% over the same time frame. Commercial revenues increased 5.9% year over year to $166 million and accounted for 35% of total revenues compared with 32.9% a year ago. Commercial energy revenues rose 4.4%, representing 87.1% of commercial revenues. Utility programs, including energy efficiency, flexible load management, electrification and battery storage, grew 6.7%. Energy advisory revenues increased 2.5%, with management expecting stronger activity in the third quarter as delayed planning and financing work resumes. International government revenues jumped 35.1% year over year to $39.5 million, representing 8.3% of quarterly revenues. Growth reflected the ramp-up of major contracts secured from European Union and U.K. clients over the past 18 months. Management expects similar international growth in the second half and double-digit growth in 2027. The company said its international opportunity pipeline is at its highest level to date, supported by additional opportunities across EU agencies. U.S. federal government revenues declined 9.5% year over year to $184.9 million as prior-year contract cancellations and a slower pace of new requests for proposals weighed on comparisons. However, revenues increased 1.4% sequentially. Technology modernization represented roughly half of federal revenues and grew 4% sequentially. More than 80% of this work is performed under outcome-based fixed-price contracts. ICFI expects another sequential federal revenue increase in the third quarter and a return to year-over-year growth in the fourth quarter. Gross margin was 37.2%, down 10 basis points from the prior-year period despite subcontractor and other direct costs rising to 25.6% of revenues from 23.6%. A greater contribution from higher-margin commercial work and favorable contract mix supported profitability. Adjusted EBITDA increased 0.9% to $53.4 million, while adjusted EBITDA margin expanded 10 basis points to 11.2%. Net interest expense declined nearly 20% to $6.8 million. The tax rate fell to 17.8% from 21%, providing an 11-cent benefit to non-GAAP earnings relative to management's previous tax-rate assumption. More than 90% of the revenues needed to reach the guidance range are already included in backlog. Management expects sequential revenue growth in each of the next two quarters, with faster growth in the fourth quarter. GAAP earnings are projected at $5.95-$6.25 per share. The company continues to target 10-20 basis points of adjusted EBITDA margin expansion and expects operating cash flow, excluding restricted cash, of $135-$150 million. Second-quarter operating cash flow totaled $99.7 million, including $43 million of restricted cash associated with energy-efficiency programs. Excluding restricted cash, operating cash flow was $56.7 million compared with $50.4 million a year ago. Net debt ended the quarter at $403 million, down from $457 million a year earlier. ICFI repurchased 217,542 shares during the quarter, bringing first-half repurchases to 435,055 shares. Management lowered its full-year weighted-average share count forecast to 18.2 million from 18.3 million shares. Currently, ICF International carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Trane Technologies plc TT reported impressive second-quarter 2026 results. TT’s adjusted earnings of $4.31 per share outpaced the consensus mark by 0.9% and rose 11.1% from the year-ago quarter’s actual. TT’s total revenues of $6.35 billion surpassed the consensus mark by 2.9% and increased 6.4% year over year. Clean Harbors, Inc.CLH posted better-than-expected second-quarter 2026 results. CLH’s adjusted earnings of $3.22 per share beat the Zacks Consensus Estimate by 17.5% and rose 36.4% year over year. Total revenues of $1.74 billion surpassed the consensus estimate by 6.8% and increased 12% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ICF International, Inc. (ICFI) : Free Stock Analysis Report Clean Harbors, Inc. (CLH) : Free Stock Analysis Report Trane Technologies plc (TT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Charles River Associates CRAI reported second-quarter 2026 adjusted earnings of $2.16 per share, up 14.9% year over year, beating the Zacks Consensus Estimate of $2.12 by 1.9%. Revenues rose 12.8% to $210.8 million and beat the consensus mark of $198.3 million by 6.3%. Broad-based demand supported the quarter, with eight practices growing year over year and six posting double-digit gains. Utilization improved to 77% from 76% a year ago, while quarter-end consultant headcount increased 3.3% to 968. Charles River Associates price-consensus-eps-surprise-chart | Charles River Associates Quote Costs of services increased 15.7% year over year to $148.7 million and represented 70.6% of revenues, up from 68.8% in the prior-year quarter. Forgivable loan amortization, including performance award amortization, rose to $14.9 million from $10.2 million. Share-based compensation expense increased to $2.4 million from $1 million. Selling, general and administrative expenses edged up 0.5% to $35.3 million. As a percentage of revenues, SG&A improved to 16.7% from 18.8%. Excluding commissions to non-employee experts, SG&A represented 15.5% of revenues compared with 16.3% a year ago. Legal & Regulatory offerings grew revenues 10.1% year over year, while Management Consulting services advanced 25.5%. Energy, Finance, Forensic Services, Intellectual Property, Life Sciences, and Risk, Investigations & Analytics each delivered double-digit revenue growth. The Antitrust & Competition Economics practice set a new quarterly revenue high. Geographically, North American operations grew 8.7%, while international operations increased 32.9%. CRA said continued momentum and demand for its services drove the record quarterly revenue performance. Operating income increased 19.3% year over year to $23.5 million, while operating margin expanded to 11.2% from 10.6%. Depreciation and amortization declined to $3.3 million from $3.5 million, or 1.6% of revenues compared with 1.9%. Non-GAAP EBITDA rose 15.3% to $26.8 million, with the margin improving to 12.7% from 12.4%. Non-GAAP net income increased 9% to $13.9 million, though its margin eased to 6.6% from 6.8%. Net interest expense increased to $3 million from $1.8 million. CRA used $4.4 million of cash in operating activities during the quarter versus $5.9 million generated a year earlier. After adjusting for forgivable loan advances and repayments, adjusted net cash flows from operations were $13.8 million compared with $19.4 million in the prior-year quarter. Cash and cash equivalents ended the quarter at $21.4 million. Billed and unbilled receivables were $271.7 million, and total days sales outstanding increased to 113 days from 110. Borrowings under the revolving credit facility stood at $219 million. Management raised its fiscal 2026 revenue outlook to $805-$820 million on a constant-currency basis from the previous $785-$805 million range. The midpoint increased to $812.5 million from $795 million after CRA generated $408.8 million of constant-currency revenues through the first half. CRAI reaffirmed its non-GAAP EBITDA margin outlook of 12-13%. Management expects the constant-currency adjustment to reduce reported annual revenues by approximately $2.5 million and reported annual EBITDA by less than $250,000. It also expects fiscal 2026 non-cash forgivable loan amortization to increase by roughly $15 million. The company returned $31.4 million to shareholders in the quarter, including $27.8 million used to repurchase approximately 193,000 shares at an average price of $144 and $3.6 million in dividend payments. CRA also declared a quarterly dividend of 57 cents per share, payable Sept. 14, 2026. CRA announced a refinancing that increases and extends its credit facility for five years. The facility totals up to $400 million, comprising a $75 million term loan and a $325 million revolving credit facility. The revolver includes a seasonal option to reduce the facility by $75 million during periods of lower working-capital demand. Currently, CRAI carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Trane Technologies TT reported impressive second-quarter 2026 results. TT’s adjusted earnings of $4.31 per share outpaced the consensus mark by 0.9% and rose 11.1% from the year-ago quarter’s actual. TT’s total revenues of $6.35 billion surpassed the consensus mark by 2.9% and increased 6.4% year over year. Rollins ROL posted unimpressive second-quarter 2026 results. ROL’s adjusted earnings of 32 cents per share missed the Zacks Consensus Estimate by 5.9% but rose 6.7% year over year. Total revenues of $1.08 billion fell short of the consensus estimate by 1.7% but increased 7.9% from the year-ago quarter. Verisk VRSK reported second-quarter 2026 diluted adjusted earnings of $1.98 per share, beating the Zacks Consensus Estimate of $1.94 by 2.1%. The figure increased 5.3% from the year-ago quarter. Revenues of $806.3 million topped the consensus mark of $802.4 million by 0.5% and rose 4.3% year over year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Charles River Associates (CRAI) : Free Stock Analysis Report Rollins, Inc. (ROL) : Free Stock Analysis Report Verisk Analytics, Inc. (VRSK) : Free Stock Analysis Report Trane Technologies plc (TT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Genpact Limited G reported better-than-expected second-quarter 2026 results. Adjusted earnings of $1 per share, up 13.6% year over year and above the consensus mark of 97 cents by 3.1%. Net revenues increased 7.1% to $1.34 billion and beat estimates by roughly 1%. Performance was driven by Advanced Technology Solutions, or ATS, which grew 24.1% year over year. Gross margin expanded to 36.5%, while non-FTE revenue surpassed 50% of total revenues for the first time. Genpact Limited price-consensus-eps-surprise-chart | Genpact Limited Quote ATS revenues increased to $363 million from $292.7 million a year ago and represented 27% of total revenues. Growth was broad-based across Data & AI, Digital Technologies, Advisory and Agentic offerings. Management now expects ATS revenues to grow at least 25% in 2026, up from its previous expectation of at least 20%. The company said demand for agentic and AI-led services continues to accelerate as clients seek to automate more complex enterprise workflows. Core Business Services revenues rose 1.9% year over year to $980 million and accounted for 73% of revenues. Genpact continued to see demand across Digital Operations, Decision Support Services and Technology Services. Management expects Core Business Services to grow for the full year despite a deliberate transition away from certain lower-priority work. This portfolio shift is expected to reduce total 2026 revenue growth by nearly 2 percentage points, with the impact concentrated in the second half. Gross profit advanced 8.9% year over year to $490.3 million. Gross margin expanded about 60 basis points to 36.5%, marking the 13th consecutive quarter of year-over-year gross margin improvement. Adjusted income from operations increased 7.5% to $233.6 million, while the adjusted operating margin improved to 17.4% from 17.3%. Selling, general and administrative expenses were $294.1 million compared with $266.4 million in the prior-year quarter. Genpact recorded its largest-ever quarterly bookings and signed six large deals compared with three in the year-ago period. This brought first-half large-deal wins to 12, double the prior-year level. Large deals are defined as contracts worth at least $50 million. The company expects more than $1 billion in Agentic Solutions total contract value during 2026, roughly five times the 2025 level. More than half of cumulative agentic contract value has come from new clients, highlighting the strategy’s ability to expand Genpact’s addressable market. Cash generated from operations was $72 million compared with $177 million a year ago. Management attributed the decline partly to collection timing and prepayments made in 2025. Genpact ended June with $517.4 million in cash and cash equivalents. During the quarter, it returned $82 million to shareholders, consisting of roughly $50 million in share repurchases and $32 million in dividends. For the third quarter, Genpact expects revenues of $1.369-$1.382 billion. The midpoint of $1.376 billion is about 0.3% below the Zacks Consensus Estimate of $1.38 billion. Adjusted earnings are projected at $1.04-$1.05 per share, with the midpoint of $1.045 slightly above the consensus estimate of $1.04. For 2026, Genpact continues to expect reported revenue growth of at least 7%. Using the provided year-ago sales figure of $5.08 billion, this implies revenues of at least $5.44 billion, slightly above the $ 5.43 billion Zacks Consensus Estimate. The company also raised adjusted diluted earnings growth guidance to at least 12%. Its outlook reconciliation indicates adjusted earnings of $4.09 per share, about 1% above the consensus estimate of $4.05. Genpact expects a 36.5% gross margin and a 17.7% adjusted operating margin for the year. G currently carries a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Trane Technologies TT reported impressive second-quarter 2026 results. TT’s adjusted earnings of $4.31 per share outpaced the consensus mark by 0.9% and rose 11.1% from the year-ago quarter’s actual. TT’s total revenues of $6.35 billion surpassed the consensus mark by 2.9% and increased 6.4% year over year. Rollins ROL posted unimpressive second-quarter 2026 results. ROL’s adjusted earnings of 32 cents per share missed the Zacks Consensus Estimate by 5.9% but rose 6.7% year over year. Total revenues of $1.08 billion fell short of the consensus estimate by 1.7% but increased 7.9% from the year-ago quarter. Verisk VRSK reported second-quarter 2026 diluted adjusted earnings of $1.98 per share, beating the Zacks Consensus Estimate of $1.94 by 2.1%. The figure increased 5.3% from the year-ago quarter. Revenues of $806.3 million topped the consensus mark of $802.4 million by 0.5% and rose 4.3% year over year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Genpact Limited (G) : Free Stock Analysis Report Rollins, Inc. (ROL) : Free Stock Analysis Report Verisk Analytics, Inc. (VRSK) : Free Stock Analysis Report Trane Technologies plc (TT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Maximus, Inc. MMS reported mixed third-quarter fiscal 2026 results, with earnings beating the Zacks Consensus Estimate but revenues missing the same. MMS’ adjusted earnings of $2.22 per share surpassed the consensus mark of $2.20 by 0.9% and increased 2.8% year over year. Maximus, Inc. price-consensus-eps-surprise-chart | Maximus, Inc. Quote Revenues of $1.28 billion missed the consensus mark of $1.32 billion by 3.2% and declined 5.1% year over year. Prior-year revenues benefited from elevated natural disaster support and temporary clinical volume surges. Adjusted EBITDA margin improved to 15% from 14.7%. MMS’ shares have declined 28.4% over the past year against the industry’s 2.4% growth. The Zacks S&P 500 composite has risen 23.5% over the same time frame. U.S. Federal Services segment revenues declined 5.3% year over year to $721 million. The prior-year period benefited from elevated natural disaster response work and temporary clinical volume surges that did not recur at the same level in the reported quarter. Segment operating margin improved to 18.6% from 18.1% a year ago. Productivity improvements, technology-enabled efficiencies and stable performance across core program areas aided profitability. U.S. Services segment revenues were $418.2 million, down 4.9% year over year. Management expects the segment to achieve positive organic year-over-year growth by the fourth quarter of fiscal 2026, supported by work for existing customers related to legislative-driven program changes. The segment's operating income increased 0.5% to $45.2 million. Operating margin expanded to 10.8% from 10.2% in the prior-year quarter, reflecting continued sequential improvement during fiscal 2026. Outside the U.S. segment revenues fell 5.2% year over year to $139.8 million. The decline was due to volume variances across several clinical and employment services programs. Operating income totaled $1.2 million compared with $5.9 million a year earlier. Operating margin contracted to 0.9% from the year-ago quarter’s 4%. Maximus continues to focus on converting pipeline opportunities to support growth and margin improvement in the segment. Operating income totaled $161.4 million, down 2.6% year over year. However, operating margin improved by 30 basis points to 12.6%, reflecting better profitability despite lower revenues. Adjusted EBITDA was $192.3 million compared with $198.3 million in the year-ago period. The margin expansion reflected ongoing efficiency initiatives across multiple program areas, including broader deployment of automation and AI-enabled tools. About 75-80% of new bids and rebids now include AI-related requirements or evaluation criteria. Year-to-date signed contract awards totaled $1.25 billion at June 30, 2026, while awarded but unsigned contracts totaled $1.35 billion. The trailing 12-month book-to-bill ratio was 0.5 times. The sales pipeline stood at $50.4 billion, including $2.86 billion of proposals pending, $2.42 billion of proposals in preparation and $45.1 billion of opportunities being tracked. New work represented about 57% of the pipeline, while U.S. Federal Services accounted for roughly 55%. MMS exited the quarter with unrestricted cash and cash equivalents of $57 million and gross debt of $1.65 billion. Its net leverage ratio was 2X, within the company's target range of 2-3X. Cash used in operating activities totaled $125 million, while free cash flow was an outflow of $137 million. Days sales outstanding reached 98 days due to administrative delays at a major federal customer. Collections accelerated after quarter-end, with $245 million received subsequently. Maximus reiterated fiscal 2026 revenue guidance of $5.2-$5.35 billion, with results expected toward the lower end of the range. The midpoint ($5.275 billion) of the guided figure is lower than the Zacks Consensus Estimate of $5.29 billion for the same period. Adjusted earnings guidance was lowered to $7.90-$8.20 per share from $8.25-$8.55 per share. The Zacks Consensus Estimate for the same is pegged at $8.43 per share. A temporary contractual modification with a major federal customer prompted the company to reduce its profitability outlook. Adjusted EBITDA margin guidance was cut to approximately 13.7% from 14.2%, while free cash flow guidance was reduced to $425-$475 million from $450-$500 million. Currently, Maximus carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Trane Technologies plc TT reported impressive second-quarter 2026 results. TT’s adjusted earnings of $4.31 per share outpaced the consensus mark by 0.9% and rose 11.1% from the year-ago quarter’s actual. TT’s total revenues of $6.35 billion surpassed the consensus mark by 2.9% and increased 6.4% year over year. Clean Harbors, Inc. CLH posted better-than-expected second-quarter 2026 results. CLH’s adjusted earnings of $3.22 per share beat the Zacks Consensus Estimate by 17.5% and rose 36.4% year over year. Total revenues of $1.74 billion surpassed the consensus estimate by 6.8% and increased 12% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Maximus, Inc. (MMS) : Free Stock Analysis Report Clean Harbors, Inc. (CLH) : Free Stock Analysis Report Trane Technologies plc (TT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research