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April 28, 2023
CACI International Inc, LKQ Corp, Wyndham Hotels & Resorts, Inc. are the ones to read about today.
Leading equity indices in the US rose as S&P 500 ended the session at 4,135.35 after a 1.96% gain. Dow Jones closed the day at 33,826, having gained 1.57%.
Banco de Chile and DraftKings Inc. due to release their earnings reports within the following week.
What is an earnings report?
An earnings report is an official statement of a company's profitability over a certain period of time. These reports are typically announced once a quarter, and their timing is considered when making predictions about the market due to the large impact they have on it.
Markets were up and stocks have released their quarterly earnings reports. Have a look.
CACI | Extends $11.7 since strong earnings report yesterday
CACI International Inc released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of 4.92 per share on revenue of $1.74 billion, topping estimates of 4.67 per share on revenue of $1.71 billion. Since the release of its earnings report, CACI International Inc gained 3.89%.
An influx of buyers helped the professional services and IT company to end the session higher around $312.43, while establishing a $306.95 to $316.61 session range yesterday. Daily trading volume (349,159 shares) was above the current multiday average of 139,094.
LKQ Corp | Extends $1.04 since strong earnings report yesterday
LKQ Corp released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of one per share on revenue of $3.35 billion, topping estimates of 0.95 per share on revenue of $3.27 billion. Since the release of its earnings report, LKQ Corp gained 1.85%.
The automobile parts supplier went up to $57.26, gaining 1.85%.
The stock has been trending positively for about a month. So far this year, it has been doing worse than the S&P 500 by 1.19%. LKQ Corp's market cap currently stands at $15.31 billion with an average daily trading volume of 1 million shares.
Wyndham Hotels & Resorts | Retains upward momentum since earnings report yesterday
Wyndham Hotels & Resorts released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of 0.86 per share on revenue of $334 million, topping estimates of 0.81 per share on revenue of $326.54 million. Since the release of its earnings report, Wyndham Hotels & Resorts gained 1.89%.
The world's largest hotel franchisor went up to $66.8, gaining 1.89%. Daily trading volume (2.10 million shares) increased, making up 200% of the 21-day average (1 million).
Domino's | Retains downward momentum since earnings report yesterday
The company reported earnings of 2.5 per share yesterday, falling short of expectations of 2.73. Revenue was also lower than expected at $1 billion versus $1 billion. Since the release of its earnings report, Domino's lost 6.46%
After ending Wednesday at $339.03, Domino's declined to $315.12 yesterday before closing at $317.14, thereby losing 6.46% in total. Daily trading volume (2.11 million shares) was higher than the current multiday average of 743,358.
