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StocksUpdated×6•Originally published 20 April 2026•Updated 22 April 2026•

1 min read

TFI, Watsco, NVR, and Stepan Expected to Post Lower Q1 Earnings Amid Lack of Positive Surprises

Key Facts

1TFI International (TFII) is expected to report a decline in Q1 earnings.

2The company does not possess the key ingredients typically associated with an earnings beat.

The scope of negative Q1 earnings expectations has expanded further, with Penske Automotive (PAG) and Pilgrim's Pride (PPC) now expected to report a decline in results. According to Zacks Investment Research, these companies, along with Associated Banc-Corp (ASB) and Valley National (VLY), currently lack the necessary components for an earnings beat. These firms join a growing list of entities facing downward revisions, including Enphase Energy, JetBlue, and Paccar. Furthermore, the analytical focus remains heavy on TFI International (TFII) as operational metrics come under scrutiny. This downward trend now spans multiple industries, including automotive retail, food production, banking, and logistics. Investors are closely monitoring these updated projections for signs of structural stability amid challenging macroeconomic conditions. The revised outlook underscores the growing operational headwinds facing major industry players as they navigate market volatility.

about 1 month ago

Version History

Version 6about 1 month ago

What changed: Added Penske Automotive (PAG) and Pilgrim's Pride (PPC) to the list of companies expected to report lower Q1 earnings.

Version 5about 1 month ago

What changed: Added Core Laboratories (CLB) to the list of companies expected to report a decline in Q1 earnings according to Zacks Investment Research estimates.

Version 4about 1 month ago

What changed: The scope of earnings previews expanded to include regional banking entities ASB and VLY, while deepening the analytical focus on TFII's internal metrics for the March 2026 quarter.

Version 3about 1 month ago

What changed: The scope of negative earnings projections was expanded to include Enphase Energy, JetBlue, and Paccar, reflecting headwinds in the renewable energy, airline, and truck manufacturing sectors.

Version 2about 1 month ago

What changed: The scope of the story was expanded to include negative Q1 earnings outlooks for NVR and Stepan Co. (SCL), joining TFI International and Watsco.

Version 1about 1 month ago

What changed: The story was updated to include the negative earnings outlook for Watsco (WSO), mirroring the bearish sentiment previously noted for TFI International.