Thor Industries, Inc., Casey's General Stores, Inc., DICK'S Sporting Goods, Inc. are the ones to read about today.
Markets completed a mixed session yesterday while Nasdaq ended the session at 11,576 after a 0.4% gain. Dow Jones was down 0.18% before closing the session at 32,800.
GoHealth, Inc. & GameStop Corp. due to release their earnings reports within the following 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 flat and stocks have released their quarterly earnings reports. Here is an update on what to look out for.
Thor Industries | Retains downward momentum since earnings report Tuesday
The company reported earnings of 0.5 per share Tuesday, falling short of expectations of 1.1. Revenue was also lower than expected at $2.35 billion versus $2.52 billion. Since the release of its earnings report, Thor Industries, Inc. lost 4.47%
The travel trailers and campers company has recovered almost all of its session losses after dipping down to $86.06 yesterday.
The US recreational vehicle manufacturer has fallen back around 13.42% over the past a month, from a notable high of $102.87. Thor Industries is currently trading with a market cap of $4.92 billion with an average daily volume of 633,100 shares.
Casey's General Stores: mixed results
Casey's General Stores reported earnings results Tuesday, with EPS at 2.36 and revenues at $3.33 billion; these results are mixed when compared to a consensus of 1.83 Earnings Per Share and $3.52 billion revenue. Since the release of its earnings report, Casey's General Stores gained 2.88%.
Pronounced bullish sentiment in the market helped the US convenience store chain to make a notable 3.87% gain yesterday, rising $8.12 and ultimately closing at $217.82. Daily trading volume (693,198 shares) increased, making up 265% of the 21-day average (261,366).
Dick's Sporting Goods | Extends $17.59 since strong earnings report Tuesday
Dick's Sporting Goods released its quarterly earnings report Tuesday, beating analysts estimates. The company reported earnings of 2.93 per share on revenue of $3.60 billion, topping estimates of 2.86 per share on revenue of $3.43 billion. Since the release of its earnings report, Dick's Sporting Goods gained 13.31%.
Dick's Sporting Goods spiked to $150.18 yesterday and consolidated before initiating a fresh rally to $149.73. This comes following Tuesday's session in which it closed at $146.79. Daily trading volume (3.43 million shares) increased, making up 234% of the 21-day average (1.47 million).