Thor Industries, Inc., Casey's General Stores, Inc., DICK'S Sporting Goods, Inc. are the ones to read about today.
Leading equity indices in the US declined as Dow Jones slipped 1.72% and closed at 32,856. S&P 500 lost 1.53% and ended the session at 3,986.37.
3Rd quarter earnings season is mostly over, with Thor Industries, Inc. and Tremor International Ltd releasing their earnings reports just this 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.
Thor Industries: mixed results
Thor Industries, Inc. reported earnings results yesterday; with EPS at 4.79 and revenues at $2.35 billion, these results are mixed compared to a consensus of 1.1 Earnings Per Share and $2.52 billion revenue. Since the release of its earnings report, Thor Industries, Inc. lost 3.8%.
After ending Monday at $92.58, Thor Industries dropped to $85.79 early in yesterday's session and closed at $89.06. In total, it lost 3.8%. Daily trading volume (2 million shares) increased, making up 329% of the 21-day average (622,418).
Casey's | Retains downward momentum since earnings report yesterday
The company reported earnings of 1.71 per share yesterday, falling short of expectations of 1.83. Revenue was also lower than expected at $3.33 billion versus $3.52 billion. Casey's lost 0.95% since the release of its earnings report.
Pronounced bearish market sentiment ensured that the US convenience store chain made a notable 0.95% loss yesterday, declining $2.02 and ultimately closing at $209.7.
Approximately 2 months ago, the convenience store company reached a significant high of $248.63 but has struggled to hold onto its gains and declined 14.85% since then. The company's market cap currently stands at $7.81 billion with an average daily volume of 239,254 shares.
Dick's Sporting Goods | Extends $14.65 since strong earnings report yesterday
Dick's Sporting Goods released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of 3.64 per share on revenue of $3.60 billion, topping estimates of 2.86 per share on revenue of $3.43 billion. Since the release of its earnings report, Dick's Sporting Goods gained 11.09%.
After ending Monday's session at $132.14, Dick's Sporting Goods went up to $146.89 yesterday only to fall back and close at $146.79. Daily trading volume (9.21 million shares) increased, making up 689% of the 21-day average (1.34 million).
CrowdStrike | beats expected EPS of -0.16
CrowdStrike was down, even though its quarterly earnings released on yesterday beat the analysts’ estimates. The reported earnings of -0.09 per share on revenue of $637.37 million, topping estimates of -0.16 per share on revenue of $624.82 million.
Pronounced bearish sentiment in the market pushed the US software company into a notable 2.08% slide yesterday, falling $2.66 and ultimately closing at $124.93.
CrowdStrike hit a significant low of $94.72 around 2 months ago, but has since recovered 34.7%. CrowdStrike has a market cap of $29.28 billion with an average daily trading volume of 4.51 million shares.