| 
June 27, 2023
Centrais Elétricas Brasileiras S.A. – Eletrobrás, Canopy Growth Corporation, Accenture plc Class A (Ireland) are the ones to read about today.
Leading equity indices in the US declined as Nasdaq slipped 1.16% and closed at 13,336. S&P 500 lost 0.45% and ended the session at 4,328.82.
The earnings season is coming to an end and Walgreens Boots Alliance Inc and Jefferies Financial Group Inc. have release their reports.
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 down, stocks have released their quarterly earnings reports. Have a look at this rundown.
Centrais Electricas Brasileiras | Retains downward momentum since earnings report yesterday
The company reported earnings of 0.32 per share and revenue at $9.21 billion. Since the release of its earnings report yesterday, Centrais Elétricas Brasileiras S.A. – Eletrobrás lost 2.04%.
After ending Friday at $8.32, Centrais Electricas Brasileiras declined to $8.09 yesterday before closing at $8.15, thereby losing 2.04% in total.
Centrais Electricas Brasileiras hit a significant low of $5.75 around 3 months ago, but has since recovered 44.7%. So far this year, it has been doing worse than the Nasdaq by 10.03%. The company has a market cap of $18.80 billion with an average daily volume of 1.42 million shares.
Canopy Growth: mixed results
Canopy Growth reported earnings results Thursday; with EPS at -0.42; these results are inconclusive when compared to a consensus of -0.15 Earnings Per Share. Since the release of its earnings report, Canopy Growth lost 13.74%.
After ending yesterday at 51.75 cents, the Canadian cannabis supplier recovers back to 51.74 cents after dipping down to 51.01 cents earlier today. Daily trading volume (13.62 million shares) increased, making up 105% of the 21-day average (13 million).
Accenture (Class A): mixed results
The company reported earnings results Thursday; with EPS at 2.79 and revenues at $16.56 billion, these results are mixed compared to a consensus of 3.04 Earnings Per Share and $16.56 billion revenue. Since the release of its earnings report, Accenture (Class A) lost 5.04%.
Slightly down but mostly flat: Accenture (Class A) ranged between $296.21 and $300.86 before closing at $297.41. Yesterday's trading volume was 2.30 million shares which is slightly under the 21-day average of 3.47 million.
Darden Restaurants: EPS of 2.24, Revenue of $2.77 billion
Darden Restaurants trades at $161.59 after the company released its quarterly results.
After dropping down to $159.56, the multi-brand restaurant operator recovers some losses and is currently trading at $161.59.
The Orlando-based restauranter reached a significant high of $167.64 around 13 days ago but has lost 3.78% since then. So far this year, it has been beating the S&P 500 by 3.88%. Darden Restaurants's market cap is currently $19.54 billion with an average daily trading volume of 1.45 million shares.
