Waste Connections, Inc., EPR Properties, Ingersoll Rand Inc and other stocks published their quarterly earnings. Here's what you need to know.
Leading equity indices in the US declined as Nasdaq slipped 1.73% and closed at 10,343. S&P 500 shed 1.06% and closed at 3,720.
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 down, stocks have released their quarterly earnings reports. Have a look at this rundown.
Waste Connections: mixed results
Waste Connections, Inc. reported mixed earnings results today, with revenue at $1.88 billion (expected at $2.55 billion) and an EPS of 1.1.
Waste Connections ended yesterday's session at $129.96. today started with an increase to $138.78, but dropped back and closed at $138.5. Daily trading volume (2.43 million shares) was above the current multiday average of 1.33 million.
EPR Properties | Extends 34 cents since strong earnings report today
EPR Properties released its quarterly earnings report today, beating analysts estimates. The company reported earnings of 0.6 per share on revenue of $161.41 million, topping estimates of 0.55 per share on revenue of $141.67 million. Since the release of its earnings report, EPR Properties gained 0.9%.
Pronounced bullish sentiment in the market helped EPR Properties to make a notable 0.9% gain today, rising 34 cents and ultimately closing at $38.28.
EPR Properties has shed 27.51% over the past three months. The company has a market cap of $2.87 billion with an average daily volume of 454,349 shares.
Ingersoll Rand | Retains upward momentum since earnings report today
Ingersoll Rand released its quarterly earnings report today, beating analysts estimates. The company reported earnings of 0.62 per share on revenue of $1.52 billion, topping estimates of 0.59 per share on revenue of $1.45 billion. Since the release of its earnings report, Ingersoll Rand gained 4.73%.
Ingersoll Rand topped out at $52.23 having ended today at $51.37. However, despite early momentum, the stock gave up its gains to now trade at $51.37.
Ingersoll Rand is up 23.09% from the significant low of $39.85 it hit 3 months ago. So far in 2022, it has been outperforming the S&P by 13.57%. Ingersoll Rand's market cap currently stands at $20.71 billion with an average daily trading volume of 2.42 million shares.