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May 01, 2023
CACI International Inc, LKQ Corp, Wyndham Hotels & Resorts, Inc. and other stocks published their quarterly earnings, check out this rundown of reports and how they turned out.
Leading equity indices in the US rose as Dow Jones ended the session at 34,100 after a 0.8% gain. S&P 500 gained 0.83% and closed at 4,169.48.
Tyson Foods Inc & Palantir Technologies 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. Usually, these reports are released four times a year (quarterly reports) and have a significant impact on the market. These announcements are typically taken into consideration when making predictions.
Markets were up and stocks have released their quarterly earnings reports. Have a look.
CACI | Retains upward momentum since earnings report Thursday
CACI International Inc released its quarterly earnings report Thursday, 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 4.19%.
Generally flat but with a slight bullish bias, CACI ranged between $309.18 and $316.29 before closing higher at $313.32.
After hitting an important low of $248.66 approximately 6 months ago, the professional services and IT company has bounced back 25.65% since. The company has a market cap of $7.37 billion with an average daily trading volume of 143,923 shares.
LKQ Corp | Extends $1.51 since strong earnings report Thursday
LKQ Corp released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 1.04 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 2.69%.
After ending Thursday at $57.26, LKQ Corp went up to $57.8 only to drop back, yet still traded well overall and closed at $57.73 Friday.
LKQ Corp hit a significant low of $46.43 around 10 months ago, but has since recovered 23.33%. So far this year, it has been under-performing the S&P by 1.1%. The company is currently trading with a market cap of $15.43 billion with an average daily volume of 1 million shares.
Wyndham Hotels & Resorts | Extends $2.66 since strong earnings report Thursday
Wyndham Hotels & Resorts released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 0.86 per share on revenue of $334 million, topping estimates of 0.796 per share on revenue of $326.54 million. Since the release of its earnings report, Wyndham Hotels & Resorts gained 4.06%.
Pronounced bullish sentiment in the market helped the US hotel company to make a notable 2.13% gain Friday, rising $1.42 and ultimately closing at $68.22. Daily trading volume (1.19 million shares) was slightly above the current multiday average of 1 million.
Domino's: mixed results
The company reported earnings results Thursday; with EPS at 2.93 and revenues at $1 billion, these results are mixed compared to a consensus of 2.73 Earnings Per Share and $1 billion revenue. Since the release of its earnings report, Domino's lost 6.36%.
A quiet day for Domino's Pizza as it remained range-bound within a $314.38 – $320.38 range before closing at $317.47. Daily trading volume (924,776 shares) was slightly above the current multiday average of 748,512.
NewMarket: EPS of 10.09, Revenue of $702.79 million
Following the release of quarterly results, NewMarket trades at $399.6.
After closing at $395.52 on Thursday, NewMarket maintained a strong bullish bias that helped the stock close higher at $399.6 Friday. However, market bears ensured the the US petroleum additives manufacturer topped out at $400.91 and that by the end of the session, the market had marked out a distinct $395.9 to $400.91 range. Daily trading volume (38,354 shares) was slightly above the current multiday average of 36,251.
