Royal Gold, Inc., Oshkosh Corporation, NetApp Inc are the ones to read about today.
Markets did not have a clear cut direction — Dow Jones slipped 0.56% and closed at 34,400. Nasdaq closed at 11,482 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.
Royal Gold | Bounces $8.79 since downbeat earnings report Tuesday
The company reported earnings of 0.71 per share Tuesday, falling short of expectations of 0.73. Revenue was also lower than expected at $131.43 million versus $140 million. Although earnings did not match projections, Royal Gold, Inc. gained 8.35% since the release of its earnings report.
After ending Wednesday at $112.33, Royal Gold went up to $116.03 only to drop back, yet still traded well overall and closed at $114 yesterday.
The precious metals company is up 29.92% from the significant low of $86.46 it hit 2 months ago. Royal Gold's market cap currently stands at $7.48 billion with an average daily trading volume of 461,493 shares.
Oshkosh Corporation: EPS of one, Revenue of $2 billion
Oshkosh Corporation trades at $91.35 after the company released its quarterly results.
Pronounced bearish sentiment in the market pushed the US industrial truck company into a notable 0.78% slide yesterday, falling 72 cents and ultimately closing at $91.35.
Oshkosh Corporation hit a significant low of $70.29 around 2 months ago, but has since recovered 31%. So far in 2022, it has been outperforming the Nasdaq by 18.69%. Oshkosh Corporation's market cap is currently $5.97 billion with an average daily volume of 321,915 shares.
NetApp: mixed results
NetApp reported ambiguous earnings results Tuesday, with revenue at $1.66 billion, compared to a consensus of $1.68 billion. Since the release of its earnings report, NetApp lost 6.2%.
Generally flat but with a slight bullish bias, NetApp ranged between $65.92 and $68.5 before closing higher at $68.07. Daily trading volume (3 million shares) increased, making up 200% of the 21-day average (1.49 million).