MasTec, Inc., DISH Network Corp, Medical Properties Trust, Inc. are the ones to read about today.
Markets had an interesting day yesterday; Nasdaq ended the session at 11,467 after a 0.63% gain. S&P 500 closed the day at 3,982.24, having gained 0.31%.
Thor Industries, Inc. and Tremor International Ltd 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 up and stocks have released their quarterly earnings reports. Have a look.
MasTec | Extends $3.43 since strong 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 power plant and renewable energy company to end the session lower around $96.67, 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: mixed results
DISH reported earnings results Thursday; with EPS at 1.47 and revenues at $4 billion, these results are mixed compared to a consensus of 0.47 Earnings Per Share and $4.15 billion revenue. Since the release of its earnings report, DISH lost 6.73%.
The US multi-device provider of TV services plunged into the red after losing 8.06%, declining to $12.2. Daily trading volume (8.85 million shares) increased, making up 193% of the 21-day average (4.58 million).
Medical Properties Trust: EPS of 0.43, Revenue of $380.49 million
Following the release of quarterly results, Medical Properties Trust trades at $10.35.
Grinding lower but with no clear-cut direction, the healthcare facility REIT closed the session at $10.35 after forming a distinct $10.31 – $10.81 range.
Having soared to a high of $21.54 approximately 10 months ago, the US healthcare REIT is now trading 51.02% lower. So far this year, it has been doing worse than the Nasdaq by 19.54%. The US healthcare REIT's market cap currently stands at $6.18 billion with an average daily 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 chain to session lows around $9 while establishing a $9 to $9.53 session range yesterday. Daily trading volume (1.59 million shares) was slightly greater than the current multiday average of 1.55 million.