RPM International Inc., Constellation Brands Inc, Lamb Weston Holdings Inc are the ones to read about today.
Markets did not have a clear cut direction — Dow Jones closed the day at 33,600, having gained 0.3%. S&P 500 closed at 4,109 after a flat day.
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 are flat and stocks have released their quarterly earnings reports. Here is an update on what to look out for.
RPM International | beats expected EPS of 0.3
RPM International Inc. released its quarterly earnings Thursday, beating analysts estimates. The company reported earnings of 0.37 per share on revenue of $1.52 billion, topping estimates of 0.3 per share on revenue of $1.47 billion. Since the release of its earnings report, RPM International Inc. lost 2.6%.
The US coatings specialist went up to $82.14, gaining 1.17%. Daily trading volume (927,272 shares) was slightly above the current multiday average of 871,691.
Constellation Brands | Retains upward momentum since earnings report Thursday
Constellation Brands released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 1.98 per share on revenue of $2.15 billion, topping estimates of 1.86 per share on revenue of $2 billion. Since the release of its earnings report, Constellation Brands gained 1.43%.
An influx of sellers pushed the beer, wine and spirit maker to end the session lower around $224.6, while establishing a $223.04 to $226.7 session range yesterday. Daily trading volume (1.71 million shares) increased, making up 130% of the 21-day average (1.32 million).
Lamb Weston | Extends $3.12 since strong earnings report Thursday
Lamb Weston released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 1.43 per share on revenue of $1.25 billion, topping estimates of 0.98 per share on revenue of $1.16 billion. Since the release of its earnings report, Lamb Weston gained 3%.
Lamb Weston recovered from the previous trading session's losses and went up to $107.29 yesterday after it traded lower at $105.97. Daily trading volume (1.76 million shares) was slightly above the current multiday average of 1.62 million.