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May 18, 2023
Dynatrace, Inc., Doximity, Inc., Home Depot are the ones to read about today.
Leading equity indices in the US rose as Nasdaq gained 1.51% and closed at 12,700. S&P 500 ended the session at 4,198 after a 0.94% gain.
3Rd quarter earnings season is mostly over, with Advanced Drainage Systems, Inc. and Aurora Cannabis Inc. 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.
Dynatrace: mixed results
Dynatrace, Inc. reported earnings results yesterday, with EPS at 0.07 and revenues at $314.48 million; these results are mixed when compared to a consensus of 0.22 Earnings Per Share and $304.96 million revenue. Since the release of its earnings report, Dynatrace, Inc. gained 5.06%.
Dynatrace ended yesterday's session at $47.07. today started with an increase to $49.78, but dropped back and closed at $49.18. Daily trading volume (8.10 million shares) increased, making up 285% of the 21-day average (2.85 million).
Doximity: mixed results
Doximity reported earnings results Tuesday; with EPS at 0.2, these results are ambiguous when compared to a consensus of 0.17 Earnings Per Share. Since the release of its earnings report, Doximity lost 2.43%.
Having closed yesterday at $31.95, bullish sentiment helped Doximity to reach highs around $34.21 before paring gains and ending today at $33.31.
Having set a significant high of $46.17 9 months ago, the medical professional network is trading 30.8% lower. So far this year, it has been under-performing the Nasdaq by 19.65%. Currently, the medical professional online networking service has a market capitalization of $6.45 billion with an average daily trading volume of 1.42 million shares.
Home Depot: mixed results
Home Depot reported earnings results Tuesday, with EPS at 3.82 and revenues at $37.26 billion; these results are mixed when compared to a consensus of 3.8 Earnings Per Share and $38.31 billion revenue. Since the release of its earnings report, Home Depot gained 2.29%.
Bullish sentiment helped the home improvement retailer to hammer out a noteworthy $291.64 to $295.93 range today, and finally closing at $295.16 to end the session. Trading volume totalled 3.97 million which equates to around 95% of the stock's 21-day average today.
Keysight Technologies | Retains upward momentum since earnings report Tuesday
Keysight released its quarterly earnings report Tuesday, beating analysts estimates. The company reported earnings of 2.12 per share on revenue of $1.39 billion, topping estimates of 1.95 per share on revenue of $1.38 billion. Since the release of its earnings report, Keysight gained 6%.
After ending today at $157.66, the electronics company recovers back to $157.72 after dipping down to $155.27 earlier today. Daily trading volume (1.37 million shares) was slightly above the current multiday average of 1.26 million.
