Thor Industries, Inc., Casey's General Stores, Inc., DICK'S Sporting Goods, Inc. and other stocks have published their quarterly earnings.
Markets completed a mixed session yesterday while Nasdaq gained 0.4% and closed at 11,576. Dow Jones closed at 32,800, a 0.18% change.
3Rd quarter earnings season is mostly over, with Thor Industries, Inc. & Tremor International Ltd 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 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. Daily trading volume (849,190 shares) increased, making up 134% of the 21-day average (633,100).
Casey's: 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%.
An influx of buyers helped the convenience store company to end the session higher around $217.82, while establishing a $211.86 to $221.47 session range yesterday. Daily trading volume (693,198 shares) was higher than the current multiday average of 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%.
After ending Tuesday at $146.79, Dick's Sporting Goods spiked to $150.18 yesterday, dropped back to starting point range, and rallied again to $149.73. Daily trading volume (3.43 million shares) was above the current multiday average of 1.47 million.
CrowdStrike: mixed results
CrowdStrike reported earnings results Tuesday, with EPS at -0.17 and revenues at $637.37 million; these results are mixed when compared to a consensus of -0.16 Earnings Per Share and $624.82 million revenue. Since the release of its earnings report, CrowdStrike gained 1.04%.
Bullish sentiment helped the US software company to hammer out a noteworthy $125 to $134.96 range yesterday, and finally closing at $128.92 to end the session. Daily trading volume (24.70 million shares) was higher than the current multiday average of 5.53 million.