Ryder System, Inc., Integra LifeSciences Holdings Corporation, Pegasystems Inc. and other stocks published their quarterly earnings. Here's what you need to know.
Markets completed a mixed session today, as Nasdaq shed 1.63% and closed at 10,800. Dow Jones ended the session at 32,033 after a 0.61% gain.
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 are flat and stocks have released their quarterly earnings reports. Here is an update on what to look out for.
Ryder: mixed results
Ryder System, Inc. reported earnings results yesterday, with EPS at 2.55 and revenues at $3 billion; these results are mixed when compared to a consensus of 3.7 Earnings Per Share and $2.99 billion revenue. Since the release of its earnings report, Ryder System, Inc. gained 9.88%.
Without a clear direction, Ryder closed at $82 while ranging between $81.47 and $85.2.
Ryder hit a significant low of $63 around 6 months ago, but has since recovered 30.34%. The company has a market cap of $4.20 billion with an average daily trading volume of 576,165 shares.
Ryder: mixed results
Ryder System, Inc. reported earnings results yesterday, with EPS at 2.55 and revenues at $3 billion; these results are mixed when compared to a consensus of 3.7 Earnings Per Share and $2.99 billion revenue. Since the release of its earnings report, Ryder System, Inc. gained 9.88%.
Without a clear direction, Ryder closed at $82 while ranging between $81.47 and $85.2.
Ryder hit a significant low of $63 around 6 months ago, but has since recovered 30.34%. The company has a market cap of $4.20 billion with an average daily trading volume of 576,165 shares.
Pegasystems | Bounces $3.15 since downbeat earnings report yesterday
The company reported earnings of -0.67 per share yesterday, falling short of expectations of -0.51. Revenue was also lower than expected at $270.73 million versus $283.27 million. Although earnings did not match projections, Pegasystems gained 9.45% since the release of its earnings report.
Having closed yesterday at $33.24, bullish sentiment helped Pegasystems to reach highs around $37.12 before paring gains and ending today at $36.47.
Pegasystems has shed $94.69 points and is languishing 74% lower over the past year, leaving its yearly highs around $127.93 in the rear-view mirror. So far in 2022, it has been under-performing the Nasdaq by 25.53%. Pegasystems has a market cap of $2.99 billion with an average daily volume of 343,997 shares.