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July 03, 2023
Constellation Brands Inc, Foresight Autonomous Holdings Ltd., McCormick & Company Inc and other stocks have published their quarterly earnings.
Markets don't have a clear cut direction — Nasdaq goes up 0.26%, trading at 13,824. Dow Jones trades sideways at 34,377.
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.
Though markets were flat, stocks have released their quarterly earnings reports. Take a look.
Constellation Brands: mixed results
Constellation Brands Inc reported earnings results Friday, with EPS at 2.66 and revenues at $2.51 billion; these results are mixed when compared to a consensus of 2.83 Earnings Per Share and $2.47 billion revenue. Since the release of its earnings report, Constellation Brands Inc gained 0.92%.
After closing the previous trading day at $246.13, Constellation Brands is up to $249.13, which makes for a move of 1.22%/$3 today.
The beer, wine and spirits producer now trading 9.19% above its 3-month low of $208.68. So far this year, it has been doing worse than the S&P 500 by 5.93%. Currently, the beer, wine and spirit maker has a market capitalization of $45.65 billion with an average daily volume of 1.11 million shares.
Foresight Autonomous | Bounces 2.63 cents since downbeat earnings report Thursday
The company reported earnings per share of -0.18 per share and a revenue $55,000 Thursday. Foresight Autonomous gained 1.2% since the release of its earnings report.
After closing the previous trading day at $2.17, Foresight Autonomous is up to $2.22, which makes for a move of 2.13%/4.63 cents today.
McCormick & Company | Retains downward momentum since earnings report Thursday
The company reported earnings of 0.48 per share Thursday, falling short of expectations of 0.57. Revenue was also lower than expected at $1.66 billion versus $1.67 billion. McCormick & Company lost 4.63% since the release of its earnings report.
After closing the previous trading day at $87.23, McCormick & Company is up to $87.6, which makes for a move of 0.42%/37 cents today.
Acuity Brands | Bounces $2.34 since downbeat earnings report Thursday
The company reported earnings of 3.3 per share Thursday, falling short of expectations of 3.71. Revenue was also lower than expected at $1 billion versus $1 billion. Although earnings did not match projections, Acuity Brands gained 1.45% since the release of its earnings report.
Acuity Brands trades at $163, after ending Friday at $163.08.
MSC | better than expected earnings Thursday
MSC released its quarterly earnings Thursday, beating analysts estimates. The company reported earnings of 1.82 per share on revenue of $1 billion, topping estimates of 1.75 per share on revenue of $1 billion. Since the release of its earnings report, MSC lost 0.73%.
MSC trades at $95.25, after ending Friday at $95.28.
Approximately 17 days ago, the industrial supplies specialist reached a significant high of $97.66 but has struggled to hold onto its gains and declined 2.44% since then. The industrial equipment distributor's market cap currently stands at $5.34 billion with an average daily volume of 470,498 shares.
