Black Knight, Inc., Grocery Outlet Holding Corp., Hayward Holdings, Inc. and other stocks published their quarterly earnings. Here's what you need to know.
Leading equity indices in the US declined as Dow Jones lost 0.71% and ended the session at 32,657. S&P 500 was down 0.3% before closing the session at 3,970.
Advance Auto Parts Inc & Iovance Biotherapeutics, Inc. have released their earnings reports with Asana, Inc. and Natura &Co Holding S.A. 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. 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.
Black Knight: mixed results
Black Knight, Inc. reported earnings results yesterday; with EPS at 0.61; these results are inconclusive when compared to a consensus of 0.49 Earnings Per Share. Since the release of its earnings report, Black Knight, Inc. lost 2.05%.
After ending Monday at $60.85, Black Knight declined to $59.14 yesterday before closing at $59.6, thereby losing 2.05% in total. Daily trading volume (1.53 million shares) increased, making up 127% of the 21-day average (1.21 million).
Grocery Outlet | beats expected EPS of 0.17
Grocery Outlet was down, even though its quarterly earnings released on yesterday beat the analysts’ estimates. The reported earnings of 0.2 per share on revenue of $930.83 million, topping estimates of 0.17 per share on revenue of $907.47 million.
After a mostly steady day, the US supermarket outlet lost 2.24% deep into the session, closing at $27.05. Daily trading volume (2.16 million shares) was above the current multiday average of 900,618.
Hayward Holdings: mixed results
Hayward Holdings reported inconclusive earnings results yesterday, with revenue at $258.97 million, compared to a consensus of $260.53 million. Since the publication of its earnings report, Hayward Holdings has declined 3%.
After ending Monday at $12.69, Hayward Holdings dropped to $11.81 early in yesterday's session and closed at $12.31. In total, it lost 3%. Daily trading volume (2.87 million shares) increased, making up 186% of the 21-day average (1.54 million).
AMC Entertainment: mixed results
AMC Entertainment reported earnings results yesterday; with EPS at -0.11, these results are ambiguous when compared to a consensus of -0.2 Earnings Per Share. Since the release of its earnings report, AMC Entertainment lost 6.18%.
Despite the risk-off mood, AMC Entertainment was range-bound between $7.11 to $8.53 and settled at $7.14. Daily trading volume (104.63 million shares) was higher than the current multiday average of 47.90 million.