[Music] Horror writer Wrath James White doesn't mince words about his insurance company. >> When you think of Etna, what word or words come to mind. >> Callous, unfeilling, greedy.>> He first came to our attention with a viral Tik Tok. >> My daughter is in pain. >> About his daughter Nala.I have been paying for this insurance for years and they will do nothing but just keep taking my damn money. >> Diagnosed with degenerative disc disease at 15, Nala White says her teens were dictated by pain. >> On a scale ...

RT Re (@re)Re is now live on @base 🔵We bring real-world (re)insurance onchain with fully backed insurance programs & stable capital strategies.Available to qualified, non-US users (KYC required).Start here → https://t.co/BwHwDI8F4d https://t.co/SC1Zc1tssA ...

Summary of Camping World (CWH) 2025 Conference Call Company Overview - **Company**: Camping World (CWH) - **Event**: 2025 JPMorgan Automotive Conference - **Date**: August 12, 2025 Key Industry Insights - **Market Share Gains**: Camping World reported over 20% year-over-year growth in both new and used RV units, despite the overall new RV market being down by double digits [3][4][13] - **Sales Strategy**: The company attributes its performance to a contract manufacturing strategy and a focus on entry-level products, rather than heavy discounting [4][5][6] - **Consumer Behavior**: The company is targeting first-time buyers and existing RV owners, emphasizing the importance of monthly payments in consumer decision-making [6][9][10] Financial Performance - **Average Selling Price (ASP)**: The ASP for new RVs was down 10.4% in Q2, but there are signs of recovery with expectations of high single-digit declines for the full year [19][23][34] - **SG&A Improvement**: The company aims for a 600 to 700 basis point improvement in SG&A as a percentage of gross profit, with current expectations adjusted to 300 to 400 basis points due to lower ASPs [23][24][25] - **Headcount Reduction**: The company has reduced its workforce by about 1,000 employees and consolidated 16 locations to improve productivity [25][28][29] Market Outlook - **2026 Projections**: The company anticipates a flat industry performance in 2026, with expectations to continue gaining market share, particularly in the used RV segment [34][35] - **New RV Pricing**: Expected price increases for new RVs in the range of 3% to 6% for model year 2026, influenced by tariffs and market conditions [36][39] - **Interest Rates Impact**: Interest rates are a significant factor affecting consumer purchasing decisions, with RV loans typically having longer durations than light vehicle loans [44][47][49] Competitive Landscape - **Competitor Health**: Competitors are described as "frozen" or "paralyzed" in terms of inventory procurement, which Camping World views as an opportunity to capitalize on market share [66][67][70] - **Acquisition Strategy**: The company has a history of acquiring distressed assets and is looking to continue this strategy while ensuring existing stores perform better [72][79] Capital Allocation - **Debt Management**: The company aims to reduce leverage to 3.9 or below within the next 24 months, focusing on cash generation and debt paydown [74][78] - **Growth Strategy**: Future growth is expected to come from used RV sales, ASP growth, and innovations in the Good Sam business [83][84] Additional Insights - **Good Sam Business**: This segment is crucial for the company's earnings, providing a stable revenue stream through services like roadside assistance and warranties [55][58] - **Market Dynamics**: The installed base of RVs is growing, and the company believes that the trade cycle for RVs has lengthened, which could lead to increased demand as consumers begin to trade in older units [10][41][42] This summary encapsulates the key points discussed during the Camping World conference call, highlighting the company's strategies, market conditions, and financial outlook.

Core Insights - OneWater Marine reported Q3 FY2025 GAAP revenue of $552.9 million, exceeding analyst expectations and reflecting a 1.9% year-over-year increase [1][5] - Adjusted earnings per share (non-GAAP) were $0.79, significantly below the consensus estimate of $1.12 and down from $1.05 in Q3 FY2024, indicating margin pressures and lower profits [1][2] - The company demonstrated resilience in sales and market share gains despite broader industry weakness, outperforming the industry with a 2% increase in same-store sales compared to an industry decline of over 10% [1][5] Financial Performance - Revenue for Q3 FY2025 was $552.9 million, surpassing the estimate of $532.0 million, with a year-over-year increase from $542.4 million [2] - Adjusted EBITDA fell to $32.8 million, down 16.3% from $39.2 million in Q3 FY2024 [2] - Gross profit margin decreased to 23.3%, down 1.1 percentage points from the previous year, reflecting ongoing aggressive promotions and a shift in the mix of boats sold [2][7] Business Overview - OneWater Marine operates nearly 100 retail dealerships and multiple distribution centers across the U.S., focusing on the sale of new and pre-owned boats, marine parts, service, and insurance products [3] - The company partners with top boat manufacturers and targets premium and high-demand brands, enhancing its market position [3][4] Growth Strategy - The growth strategy includes expanding store footprint through acquisitions and diversifying revenue sources, with a focus on managing inventory levels and maintaining competitive pricing [4] - OneWater aims to streamline its product portfolio by exiting low-performing brands and focusing on higher-quality offerings, which is expected to improve margins in future quarters [9][11] Inventory and Cost Management - Inventory was reduced by 13.6% year-over-year to $517.1 million, indicating disciplined inventory management as part of a broader cleanup strategy [9] - Operating expenses increased to $92.1 million, or 16.7% of total revenue, driven by efforts to boost same-store sales and inflationary costs [10] Future Outlook - Management updated FY2025 guidance, projecting full-year revenue between $1.80 billion and $1.85 billion, with adjusted EBITDA forecasted at $65 million to $80 million [12] - Profitability expectations were lowered due to ongoing price competition and margin pressures, with adjusted diluted EPS now expected to fall between $0.50 and $0.75 [12]

Core Viewpoint - Prudential Financial Inc. (PRU) shares have underperformed the industry and broader market, with a 10.1% decline over the past year, while the industry and S&P 500 have shown positive growth [1][5]. Group 1: Financial Performance - PRU shares are trading at a forward price to earnings ratio of 7.47X, which is lower than the industry average of 8.85X, the Finance sector's 16.72X, and the S&P 500's 22.52X, indicating a discount compared to peers [1]. - The market capitalization of Prudential Financial is $37.74 billion, with an average trading volume of 1.66 million shares over the last three months [2]. - The trailing 12-month return on equity for PRU is 15.8%, surpassing the industry average of 14.8%, reflecting effective utilization of shareholders' equity [13]. Group 2: Growth Projections - The Zacks Consensus Estimate projects an 8.2% year-over-year increase in earnings per share for 2025, with revenues expected to reach $55.97 billion [3]. - For 2026, earnings per share and revenues are estimated to rise by 8.3% and 4.1%, respectively, compared to 2025 estimates [3]. Group 3: Analyst Sentiment - Four out of nine analysts have lowered their earnings estimates for 2025, and three have reduced their estimates for 2026 in the past 60 days [4]. - The consensus estimate for 2025 earnings has decreased by 0.8%, while the estimate for 2026 has dropped by 0.2% during the same period [4]. Group 4: Strategic Initiatives - Prudential Financial aims to become a global leader in investment, insurance, and retirement security, having completed significant pension risk transfers and longevity risk transactions [14]. - The company is focused on strategic initiatives, including programmatic acquisitions and partnerships, particularly in emerging markets, to enhance its business portfolio and support long-term growth [15][16]. - Prudential's strong international presence, especially in Japan, positions it well to capture growth opportunities in protection products and retirement solutions [16]. Group 5: Challenges - Rising debt levels have led to increased interest expenses, which may pressure the company's financial flexibility and profitability in the near term [17]. - Despite near-term challenges, Prudential's disciplined approach and commitment to global expansion and acquisitions underscore its potential for sustained long-term growth [18].

Group 1 - Lesaka Technologies, Inc. will release its fourth quarter and year-end 2025 results after the U.S. market close on September 3, 2025 [1] - A presentation webcast and conference call will be hosted by Lesaka management on September 4, 2025, at 8:00am EDT, followed by a live Q&A session for analysts and investors [1] - An archived version of the webcast will be available on Lesaka's Investor Relations website after the presentation [4] Group 2 - Lesaka Technologies is a South African Fintech company focused on providing financial services and software to underserved consumers and merchants in Southern Africa [4] - The company offers a comprehensive multiproduct platform that includes transactional accounts, lending, insurance, merchant acquiring, cash management, software, and Alternative Digital Payments [4] - Lesaka has a primary listing on NASDAQ and a secondary listing on the Johannesburg Stock Exchange [4]

Core Viewpoint - First Hawaiian, Inc. plans to release its second quarter 2025 financial results on July 25, 2025, before market opens, followed by a conference call to discuss the results [1] Group 1: Financial Results Announcement - The financial results for the second quarter of 2025 will be released on July 25, 2025, before the market opens [1] - A conference call to discuss the results will take place on the same day at 1:00 p.m. Eastern Time (7:00 a.m. Hawaii Time) [1] Group 2: Conference Call Access - Participants can access the call by registering through a provided link, which will give them a dial-in number and a personalized PIN code [2] - It is recommended that participants dial in fifteen minutes prior to the scheduled start time to avoid delays [2] Group 3: Webcast Information - A live webcast of the conference call, including a slide presentation, will be available on the company's website [3] - An archive of the webcast will also be accessible at the same location [3] Group 4: Company Overview - First Hawaiian, Inc. is a bank holding company based in Honolulu, Hawaii, and its principal subsidiary is First Hawaiian Bank, the oldest and largest financial institution in Hawaii [4] - The company offers a wide range of banking services, including deposit products, loans, wealth management, insurance, trust, retirement planning, credit card, and merchant processing services [4] - Customers can access their accounts through ATMs, online, and mobile banking channels [4]

Company Overview - Group 1 Automotive, Inc. is a leading automotive retailer with operations primarily in the United States and the U.K., operating 150 dealerships in the U.S. and 55 in the U.K. [12] - The company sells new and used cars and light trucks, and also offers vehicle financing, insurance, service contracts, maintenance, repair services, and aftermarket automotive products [12]. Investment Ratings - Group 1 Automotive has a Zacks Rank of 3 (Hold) and a VGM Score of A, indicating a solid overall rating [13]. - The company has a Value Style Score of A, supported by attractive valuation metrics such as a forward P/E ratio of 10.96, which may appeal to value investors [13]. Earnings Estimates - In the last 60 days, four analysts have revised their earnings estimates upwards for fiscal 2025, with the Zacks Consensus Estimate increasing by $0.24 to $40.91 per share [13]. - Group 1 Automotive has an average earnings surprise of 4.4%, suggesting potential for positive performance [13]. Investment Consideration - With a solid Zacks Rank and top-tier Value and VGM Style Scores, Group 1 Automotive is recommended for investors' consideration [14].

Market Overview - The stock market has started June positively, with Wall Street aiming to push the S&P 500 and Nasdaq to new all-time highs, supported by cooling trade war tensions, lower inflation, and strong earnings results driven by tech growth and AI spending [1] - However, achieving these highs may be challenging until the second quarter earnings season begins in mid-July, unless there are significant updates on trade wars or declining long-term yields [2] Stock Screening Strategy - The stock screening process utilizes the Research Wizard to identify Zacks Rank 1 (Strong Buy) stocks, focusing on those with upward price momentum and trading within 20% of their 52-week highs [3][4] - The screening criteria include a PEG ratio and Price to Sales ratio to ensure value, ultimately narrowing down to seven stock picks [4] Featured Stock: Popular (BPOP) - Popular (BPOP) is highlighted as a leading financial services company in Puerto Rico, the U.S., and the Virgin Islands, being the largest bank in Puerto Rico by assets and deposits [5][7] - The company has shown strong performance, with a recent quarter that exceeded expectations, leading to a 5% increase in FY25 consensus earnings estimates and a 9.4% increase for 2026 [9] - BPOP's adjusted EPS is projected to grow by 17% this year and 20% next year, supported by a 7% increase in sales for both periods [9] Performance Metrics - Over the past decade, BPOP's stock has increased by 210%, significantly outperforming the Zacks Finance sector, including a 14% rise in 2025 [10] - The stock recently reached 52-week highs and is currently trading 8% below its average Zacks price target, indicating potential for further growth [10] - BPOP trades at a 45% discount to the Finance sector with a forward earnings multiple of 9.2X, which is in line with its 10-year median [14] - The company offers a dividend yield of 2.65%, which is competitive within its industry, with a majority of brokerage recommendations being "Strong Buys" or "Buys" [14]

Financial Summary - First Commonwealth Financial Corporation reported a net income of $32.7 million for Q1 2025, a decrease of $3.2 million from Q4 2024 and a decrease of $4.9 million from Q1 2024 [3][10] - Diluted earnings per share were $0.32, down from $0.35 in Q4 2024 and $0.37 in Q1 2024 [3][10] - Core net income was $32.8 million, also reflecting a decline from previous quarters [2][3] Operating Results - Core pre-tax pre-provision net revenue (PPNR) was $46.9 million, down $4.5 million from the prior quarter and $4.0 million from the same quarter last year [3][11] - End of period loans increased by $99.0 million, or 4.4% annualized, primarily due to a $121.4 million increase in commercial loans [3][14] - Average loans rose by $34.8 million, or 1.6% annualized, from the previous quarter [3][14] Deposits and Capital - End of period deposits increased by $183.6 million, or 7.7% annualized, driven by a $214.8 million increase in savings deposits [3][14] - The Bank-level Total Capital Ratio stood at 13.6%, representing $342.0 million in excess capital above the regulatory requirement [8][25] - Tangible book value per share increased by $0.40, or 16.3% annualized, from the previous quarter [8][11] Asset Quality - Provision for credit losses was $5.7 million, down from $6.5 million in the previous quarter [15][16] - Nonperforming loans totaled $59.4 million, a decrease of $2.1 million from the previous quarter [16][40] - Net charge-offs were $3.1 million, significantly lower than $13.7 million in the prior quarter [15][17] Noninterest Income and Expense - Noninterest income for Q1 2025 was $22.5 million, down from $25.3 million in Q4 2024 [20][21] - Noninterest expense (excluding merger-related expenses) totaled $71.1 million, an increase of $2.1 million from the previous quarter [22][23] - The core efficiency ratio increased to 59.08%, compared to 56.07% in the previous quarter [23][24] Franchise Growth - The company received all necessary approvals for the acquisition of CenterGroup Financial, expected to close on April 30, 2025 [7][9]