| 
February 27, 2023
MasTec, Inc., DISH Network Corp, Medical Properties Trust, Inc. and other stocks published their quarterly earnings, check out this rundown of reports and how they turned out.
Markets are up as Nasdaq up to 11,500, gaining 0.92%. S&P 500 goes up 0.57%, trading at 3,992.69.
3Rd quarter earnings season is mostly over, with NICE Ltd. & CommScope Holding Company, 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 are up and stocks have released their quarterly earnings reports. Have a look.
MasTec | Extends $3.07 since strong earnings report Thursday
MasTec, Inc. released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 0.94 per share on revenue of $3 billion, topping estimates of 0.92 per share on revenue of $2.91 billion. Since the release of its earnings report, MasTec, Inc. gained 3.29%.
While bearish sentiment is dominating the market, the engineering and construction company is maintaining its poise around $96.31 while ranging between $95 and $97.92 so far today.
Dish Network: mixed results
DISH reported inconclusive earnings results Thursday, with revenue at $4 billion, compared to a consensus of $4.15 billion. Since the release of its earnings report, DISH lost 4.51%.
The US multi-device provider of TV services slides down from $13.27 to $12.49, losing 78 cents (5.88%).
Medical Properties Trust: EPS of 0.43, Revenue of $380.49 million
Medical Properties Trust trades at $10.41 after the company released its quarterly results.
While bearish sentiment is dominating the market, the US healthcare REIT is maintaining its poise around $10.41 while ranging between $10.4 and $10.81 so far today.
Approximately 10 months ago, the healthcare facility REIT reached a significant high of $21.54 but has struggled to hold onto its gains and declined 51.02% since then. So far this year, it has been doing worse than the Nasdaq by 17.35%. Medical Properties Trust's market cap is currently $6.22 billion with an average daily volume of 16.16 million shares.
Mister Car Wash: mixed results
Mister Car Wash reported mixed earnings results Thursday, with EPS at 0.06 (compared to a consensus of 0.05 Earnings Per Share) and revenue of $214.35 million.
The car wash specialist slides down from $9.41 to $9.19, losing 22 cents (2.34%).
Morningstar | Retains downward momentum since earnings report Thursday
The company reported earnings of 0.58 per share and revenue at $475 million. Since the release of its earnings report Thursday, Morningstar lost 10.79%.
Morningstar posts light gains on a low-volatility day, ranging between $205 – $209.04 and is now at $207.82. Current trading volume stands at 111,707; 133% slightly above the 21-day average of 84,298.
