Rollins Inc, CACI International Inc, Ternium S.A. are the ones to read about today.
Markets completed a mixed session yesterday, as Dow Jones shed 0.68% and closed at 33,300. S&P 500 was down 0.38% before closing the session at 4,056.
3Rd quarter earnings season is mostly over, with EQT Corporation & FirstEnergy Corp 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 are flat and stocks have released their quarterly earnings reports. Here is an update on what to look out for.
Rollins | better than expected earnings yesterday
Rollins Inc was down, even though its quarterly earnings released on yesterday beat the analysts’ estimates. The reported earnings of 0.1791 per share on revenue of $658 million, topping estimates of 0.17 per share on revenue of $638.4 million.
Early in yesterday's session, Rollins dropped to $39.21 from $39.72 at the end of Tuesday, before closing at $39.32. During the session, it lost 1%.
Daily trading volume (1.26 million shares) was slightly above the current multiday average of 1.24 million.
CACI: mixed results
The company reported earnings results yesterday; with EPS at 4.33 and revenues at $1.74 billion, these results are mixed compared to a consensus of 4.68 Earnings Per Share and $1.66 billion revenue. Since the release of its earnings report, CACI lost 1.1%.
Early in yesterday's session, CACI dropped to $298.54 from $304.06 at the end of Tuesday, before closing at $300.73. During the session, it lost 1.1%.
Daily trading volume (255,269 shares) was higher than the current multiday average of 129,306.
Ternium: mixed results
Ternium reported earnings results yesterday, with EPS at 1.91 and revenues at $3.62 billion; these results are mixed when compared to a consensus of -0.06093 Earnings Per Share and $4.13 billion revenue. Since the release of its earnings report, Ternium gained 4.64%.
Pronounced bullish sentiment in the market helped the flat and long steel maker to make a notable 4.64% gain yesterday, rising $1.87 and ultimately closing at $42.17. Daily trading volume (614,321 shares) was higher than the current multiday average of 221,310.
PacWest Bancorp | Extends 77 cents since strong earnings report yesterday
PacWest Bancorp released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of 1.01 per share on revenue of $517.79 million, topping estimates of 0.61 per share on revenue of $318.9 million. Since the release of its earnings report, PacWest Bancorp gained 7.47%.
After ending Tuesday at $10.31, PacWest Bancorp went up to $12.08 only to drop back, yet still traded well overall and closed at $11.08 yesterday. Daily trading volume (30.28 million shares) increased, making up 231% of the 21-day average (13.13 million).