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April 27, 2023
Rollins Inc, CACI International Inc, Ternium S.A. are the ones to read about today.
Markets completed a mixed session yesterday, as Dow Jones was down 0.68% before closing the session at 33,300. S&P 500 lost 0.38% and ended the session at 4,056.
FirstEnergy Corp and Tractor Supply Co have released their earnings reports; Logitech International S.A. and Ceragon Networks Ltd. will publish their respective reports in due course.
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 are flat and stocks have released their quarterly earnings reports. Here is an update on what to look out for.
Rollins | beats expected EPS of 0.17
Rollins Inc was down, even though its quarterly earnings released on yesterday beat the analysts’ estimates. The reported earnings of 0.1791 per share on revenue of $658 million, topping estimates of 0.17 per share on revenue of $638.4 million.
After ending Tuesday at $39.72, Rollins dropped to $39.21 early in yesterday's session and closed at $39.32. In total, it lost 1%. Daily trading volume (1.26 million shares) was slightly greater than the current multiday average of 1.24 million.
CACI: mixed results
CACI reported ambiguous earnings results yesterday, with revenue at $1.74 billion, compared to a consensus of $1.66 billion. Since the release of its earnings report, CACI lost 1.1%.
Early in yesterday's session, CACI dropped to $298.54 from $304.06 at the end of Tuesday, before closing at $300.73. During the session, it lost 1.1%. Daily trading volume (255,269 shares) increased, making up 197% of the 21-day average (129,306).
Ternium: mixed results
Ternium reported earnings results yesterday, with EPS at 1.91 and revenues at $3.62 billion; these results are mixed when compared to a consensus of -0.06093 Earnings Per Share and $4.13 billion revenue. Since the release of its earnings report, Ternium gained 4.64%.
The flat and long steel maker went up to $42.17, gaining 4.64%. Daily trading volume (614,321 shares) increased, making up 278% of the 21-day average (221,310).
PacWest Bancorp | Retains upward momentum since earnings report yesterday
PacWest Bancorp released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of 1.01 per share on revenue of $517.79 million, topping estimates of 0.61 per share on revenue of $318.9 million. Since the release of its earnings report, PacWest Bancorp gained 7.47%.
PacWest Bancorp ended Tuesday at $10.31. yesterday it went up to $12.08 only to drop back, yet still managed to close at $11.08. Daily trading volume (30.28 million shares) was higher than the current multiday average of 13.13 million.
