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May 01, 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 Dow Jones closed the day at 34,100, having gained 0.8%. S&P 500 gained 0.83% and closed at 4,169.48.
3Rd quarter earnings season is mostly over, with Sonoco Products Company & FirstEnergy Corp releasing their earnings reports just this 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 $12.59 since strong 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. Daily trading volume (172,270 shares) increased, making up 120% of the 21-day average (143,923).
LKQ Corp | Retains upward momentum since 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. Trading volume totalled 994,474 which equates to around 96% of the stock's 21-day average Friday.
Wyndham Hotels & Resorts | Retains upward momentum since 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%.
The US hotel company went up to $68.22, gaining 2.13%. Daily trading volume (1.19 million shares) increased, making up 112% of the 21-day average (1 million).
Domino's Pizza: mixed results
The company reported mixed earnings results Thursday, with EPS at 2.93 and revenues at $1 billion. 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.
Over the past 8 months, the pizza maker has retreated 23.94% from a noteworthy peak of $416.95. So far this year, it has been under-performing the S&P 500 by 14.78%. Domino's has a market cap of $11.24 billion with an average daily volume of 748,512 shares.
