Constellation Brands Inc, McCormick & Company Inc, Acuity Brands, Inc. are the ones to read about today.
Leading equity indices in the US rose as S&P 500 ended the session at 4,450.38 after a 1.23% gain. Nasdaq ended the session at 13,800 after a 1.45% gain.
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.
Constellation Brands: mixed results
Constellation Brands Inc reported earnings results yesterday; with EPS at 2.66, these results are ambiguous when compared to a consensus of 2.83 Earnings Per Share. Since the release of its earnings report, Constellation Brands Inc lost 0.29%.
The beer, wine and spirit maker has recovered almost all of its session losses after dipping down to $238 yesterday. Daily trading volume (2.90 million shares) was higher than the current multiday average of 1.11 million.
McCormick & Company | Retains downward momentum since earnings report Thursday
The company reported earnings of 0.48 per share Thursday, falling short of expectations of 0.57. Revenue was also lower than expected at $1.66 billion versus $1.67 billion. Since the release of its earnings report, McCormick & Company lost 5.03%
Generally flat but with a slight bullish bias, McCormick & Company ranged between $86.5 and $88 before closing higher at $87.23. Daily trading volume (2.26 million shares) increased, making up 128% of the 21-day average (1.77 million).
Acuity Brands | Bounces $2.42 since downbeat earnings report Thursday
The company reported earnings of 3.3 per share Thursday, falling short of expectations of 3.71. Revenue was also lower than expected at $1 billion versus $1 billion. Although earnings did not match projections, Acuity Brands gained 1.51% since the release of its earnings report.
After closing Thursday at $162.46, Acuity Brands closed at $163.08 yesterday after climbing to $165.52 and dropping back down.
The lighting company has recovered 7.81% since descending to a significant low of $150.69 around a month ago. The lighting and building management firm's market cap currently stands at $5.19 billion with an average daily volume of 462,091 shares.
MSC | beats expected EPS of 1.75
The company released its quarterly earnings Thursday, beating analysts estimates. The company reported earnings of 1.82 per share on revenue of $1 billion, topping estimates of 1.75 per share on revenue of $1 billion. Since the release of its earnings report, MSC lost 0.7%.
Pronounced bullish sentiment in the market helped the industrial equipment distributor to make a notable 1.05% gain yesterday, rising 99 cents and ultimately closing at $95.28. Daily trading volume (507,115 shares) was slightly above the current multiday average of 470,498.
Foresight Autonomous | Retains downward momentum since earnings report Thursday
The company reported earnings of -0.18 per share and revenue at $55,000. Since the release of its earnings report Thursday, Foresight Autonomous lost 0.91%.
The sensor manufacturer went up to $2.17, gaining 1.88%.
Having set a significant low of 31.38 cents 2 months ago, the autonomous driving system developer is trading 578.78% higher. The company has a market cap of $23.36 million with an average daily trading volume of 30,031 shares.