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February 26, 2023
MasTec, Inc., DISH Network Corp, Medical Properties Trust, Inc. are the ones to read about today.
Leading equity indices in the US declined as Nasdaq slipped 1.69% and closed at 11,400. Dow Jones shed 1.02% and closed at 32,817.
Marvell Technology Group Ltd and Best Buy Co Inc 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. 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 were down, stocks have released their quarterly earnings reports. Have a look at this rundown.
MasTec | Extends $3.94 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 4.23%.
After ending Friday at $96.92, the power plant and renewable energy company recovers back to $97.18 after dipping down to $89 earlier today. Daily trading volume (1.99 million shares) increased, making up 335% of the 21-day average (592,720).
DISH: mixed results
DISH reported earnings results Thursday, with EPS at 1.47 and revenues at $4 billion; these results are mixed when compared to a consensus of 0.47 Earnings Per Share and $4.15 billion revenue. Since the release of its earnings report, DISH gained 1.45%.
Early in Friday's session, DISH dropped to $13.11 from $13.76 at the end of Thursday, before closing at $13.27. During the session, it lost 3.56%. Daily trading volume (5.28 million shares) was slightly above the current multiday average of 4.41 million.
Medical Properties Trust: EPS of 0.43, Revenue of $380.49 million
Medical Properties Trust trades at $10.55 after the company released its quarterly results.
After ending Thursday at $11.14, Medical Properties Trust dropped to $10.55 early in Friday's session and closed at $10.55. In total, it lost 5.3%.
The healthcare facility REIT has fallen back around 48.28% from the significant high of $21.54 set 10 months ago. So far this year, it has been doing worse than the Nasdaq by 16.79%. Currently, the US healthcare REIT has a market capitalization of $6.30 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.
Mister Car Wash ended Thursday at $9.24. Friday it went up to $9.56 only to drop back, yet still managed to close at $9.41. Daily trading volume (2.80 million shares) was higher than the current multiday average of 1.52 million.
