MasTec, Inc., DISH Network Corp, Medical Properties Trust, Inc. are the ones to read about today.
Markets closed higher yesterday; Nasdaq closed the day at 11,467, having gained 0.63%. S&P 500 ended the session at 3,982.24 after a 0.31% gain.
NICE Ltd. & CommScope Holding Company, Inc. have released their earnings reports with Thor Industries, Inc. & Tremor International Ltd are set to publish their respective reports as scheduled.
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 were up and stocks have released their quarterly earnings reports. Have a look.
MasTec | Retains upward momentum since earnings report Thursday
MasTec, Inc. was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The 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.
An influx of sellers pushed the engineering and construction company to session lows around $95 while establishing a $95 to $97.92 session range yesterday. Daily trading volume (815,015 shares) increased, making up 133% of the 21-day average (614,135).
Dish Network: mixed results
DISH reported inconclusive earnings results Thursday, with revenue at $4 billion, compared to a consensus of $4.15 billion. Since the publication of its earnings report, DISH has declined 6.73%.
DISH shed 8.06%, falling to $12.2.
Dish Network hit a significant low of $12.2 around a day ago, but has since recovered 8.77%. So far this year, it has been doing worse than the S&P 500 by 16.2%. DISH has a market cap of $6.48 billion with an average daily volume of 4.58 million shares.
Medical Properties Trust: EPS of 0.43, Revenue of $380.49 million
Medical Properties Trust trades at $10.35 after the company released its quarterly results.
Grinding lower but with no clear-cut direction, the US healthcare REIT closed the session at $10.35 after forming a distinct $10.31 – $10.81 range.
Approximately 10 months ago, the healthcare facility REIT reached a significant high of $21.54 but has struggled to hold onto its gains and declined 51.02% since then. So far this year, it has been under-performing the Nasdaq by 19.54%. The company's market cap currently stands at $6.18 billion with an average daily trading volume of 15.87 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.
An influx of sellers pushed the car wash specialist to session lows around $9 while establishing a $9 to $9.53 session range yesterday. Daily trading volume (1.59 million shares) was slightly above the current multiday average of 1.55 million.
Morningstar | Retains downward momentum since earnings report Thursday
The company reported earnings of 0.58 per share and revenue at $475 million. Since the release of its earnings report Thursday, Morningstar lost 10.89%.
Generally flat but with a slight bullish bias, Morningstar ranged between $205 and $209.04 before closing higher at $207.61. Daily trading volume (166,588 shares) increased, making up 186% of the 21-day average (89,507).