KeyCorp Predicts Generac's Q3 Earnings (NYSE:GNRC)

Key Points

• KeyCorp forecasts Generac will earn $2.46 per share in Q3 2026, followed by $2.68 in Q4 and $13.90 for FY2027. The firm maintains an “Overweight” rating and a $280 price target.
• Analyst sentiment is broadly positive: Generac has a consensus “Moderate Buy” rating and an average price target of $290.55, with recent upgrades from Stifel, TD Cowen and Piper Sandler.
• Generac’s shares opened at $224.36, while the company’s valuation remains elevated at roughly 51.7 times earnings. Its prior quarter beat EPS expectations, with earnings of $2.91 per share and revenue growth of 10.3% year over year.

Generac Holdings Inc. (NYSE:GNRC - Free Report) - Investment analysts at KeyCorp issued their Q3 2026 earnings per share (EPS) estimates for Generac in a note issued to investors on Thursday, October 8th. KeyCorp analyst J. Hammond forecasts that the technology company will earn $2.46 per share for the quarter. KeyCorp currently has a "Overweight" rating and a $280.00 target price on the stock. The consensus estimate for Generac's current full-year earnings is $9.73 per share. KeyCorp also issued estimates for Generac's Q4 2026 earnings at $2.68 EPS and FY2027 earnings at $13.90 EPS.

Other research analysts have also issued reports about the stock. Stifel Nicolaus raised their price target on shares of Generac from $285.00 to $290.00 and gave the company a "buy" rating in a research report on Wednesday, September 30th. Raymond James Financial set a $286.00 price objective on shares of Generac in a research report on Thursday, September 17th. TD Cowen upgraded shares of Generac to a "strong-buy" rating in a research note on Monday. Robert W. Baird set a $305.00 target price on shares of Generac in a research report on Thursday, July 30th. Finally, Wells Fargo & Company set a $280.00 target price on Generac in a research note on Thursday, September 17th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $290.55.

Generac Price Performance

GNRC opened at $224.36 on Friday. Generac has a 1 year low of $134.80 and a 1 year high of $296.44. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.04 and a quick ratio of 1.00. The company has a market capitalization of $13.24 billion, a price-to-earnings ratio of 51.70, a P/E/G ratio of 1.90 and a beta of 1.91. The firm's fifty day moving average price is $202.75 and its two-hundred day moving average price is $226.75.

Generac (NYSE:GNRC - Get Free Report) last announced its earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.90. The company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.18 billion. Generac had a return on equity of 17.83% and a net margin of 5.82%.Generac's quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.65 earnings per share.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $206.00, for a total transaction of $1,030,000.00. Following the completion of the transaction, the chief executive officer directly owned 544,528 shares of the company's stock, valued at approximately $112,172,768. This represents a 0.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Raabe sold 603 shares of the firm's stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $212.57, for a total value of $128,179.71. Following the completion of the sale, the insider directly owned 9,966 shares of the company's stock, valued at $2,118,472.62. This represents a 5.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 18,442 shares of company stock valued at $3,656,537. 2.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Generac in the 2nd quarter valued at about $1,170,960,000. Arrowstreet Capital Limited Partnership boosted its position in Generac by 9.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,038,493 shares of the technology company's stock worth $202,849,000 after purchasing an additional 86,863 shares during the period. Bank of America Corp DE increased its stake in shares of Generac by 19.7% in the first quarter. Bank of America Corp DE now owns 742,576 shares of the technology company's stock worth $145,047,000 after purchasing an additional 122,101 shares in the last quarter. Diamant Asset Management Inc. increased its stake in shares of Generac by 19,433.0% in the first quarter. Diamant Asset Management Inc. now owns 666,075 shares of the technology company's stock worth $130,104,000 after purchasing an additional 662,665 shares in the last quarter. Finally, Park Presidio Capital LLC bought a new stake in shares of Generac in the second quarter valued at approximately $158,140,000. Hedge funds and other institutional investors own 84.04% of the company's stock.

Key Headlines Impacting Generac

Here are the key news stories impacting Generac this week:

• Positive Sentiment: Piper Sandler initiated coverage at “overweight” with a $303 price target, implying meaningful upside and adding fresh institutional support for the stock. Piper Sandler initiates coverage of Generac Holdings at overweight
• Positive Sentiment: KeyBanc upgraded Generac from “sector weight” to “overweight” and set a $280 price objective. The upgrade reflects expectations that data-center and commercial power demand can strengthen Generac’s growth outlook. KeyBanc upgrades Generac Holdings
• Positive Sentiment: Investors are focusing on Generac’s data-center backlog and commercial and industrial opportunity. Analysts see rising demand for backup and distributed power to support data-center construction and AI-related electricity needs, potentially helping offset softer residential demand. GNRC Pops on Piper’s $303 Call, Data-Center Backlog
• Positive Sentiment: A cash-flow valuation analysis suggested GNRC may be approximately 20% undervalued, supporting the argument that the recent rally may not fully reflect its longer-term earnings and cash-generation potential. Generac Stock May Be 20% Undervalued on Cash Flow
• Neutral Sentiment: Several insiders sold shares under pre-arranged Rule 10b5-1 plans. Kyle Raabe sold 603 shares, while Norman Taffe sold 550 shares across two transactions. The sales were relatively small compared with their remaining holdings and therefore appear unlikely to change the fundamental outlook. Generac insider selling alert
• Negative Sentiment: GNRC’s valuation remains demanding, with a P/E ratio above 50 based on the supplied trading data. That valuation leaves the stock sensitive to any disappointment in data-center execution, residential demand, margins or future earnings growth.

About Generac

Generac Holdings Inc is an energy technology company that designs and manufactures power generation equipment, energy storage systems and other products intended to provide backup and distributed energy solutions. Its offerings serve residential, commercial, industrial and other users seeking standby power, portable power or greater control over energy use.

The company's product portfolio includes home standby generators, portable generators, commercial and industrial generators, mobile power equipment, engines and related transfer switches and controls.

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