Oshkosh Corporation, MGIC Investment Corporation, Icahn Enterprises L.P. are the ones to read about today.
Leading equity indices in the US declined as Nasdaq was down 1.73% before closing the session at 10,343. After dropping 1.06%, S&P 500 closed at 3,720.
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, mid cap and over stocks have released their quarterly earnings reports. Have a look at this rundown.
Oshkosh Corporation | Negative surprise today
Oshkosh Corporation reported earnings of one per share and revenue at $2 billion.
An influx of buyers helped Oshkosh Corporation to end the session higher around $86.57, while establishing a $84.12 to $87.4 session range yesterday.
Having set a significant high of $124.5 a month ago, Oshkosh Corporation is trading 22.15% lower. The Nasdaq has been doing worse in 2022, it has been passing it by 27.95%. The company's market cap is $5.66 billion with an average daily volume of 446,448 shares.
MGIC Investment: mixed results
MGIC Investment reported earnings results yesterday; with EPS at 0.86, these results are ambiguous when compared to a consensus of 0.52 Earnings Per Share. Since the release of its earnings report, MGIC Investment lost 0.67%.
After ending Wednesday at $13.5, MGIC Investment went up to $13.72 only to drop back to its starting point and close at $13.41.
MGIC Investment hit a significant low of $11.42 around 4 months ago, but has since recovered 18.21%. MGIC Investment's market cap currently stands at $4 billion with an average daily trading volume of 3.38 million shares.
Icahn Enterprises gains 2.09%, closes at $54.72 ahead of the quarterly earnings report set for today
Icahn Enterprises is scheduled to announce earnings results today. The consensus Earnings Per Share estimate is 0.22 and the consensus revenue estimate is $2.77 billion.
Icahn Enterprises rallied 2.09% and maintained $54.72.
Having set a significant high of $57.93 4 months ago, Icahn Enterprises is trading 11.9% lower. So far in 2022, it has performed better than the Nasdaq by 57.22%. Icahn Enterprises's market cap is currently $17.66 billion with an average daily trading volume of 372,379 shares.
Americold Realty Trust: EPS of -0.03, Revenue of $757.78 million
Americold Realty Trust trades at $24 after the company released its quarterly results.
Americold Realty Trust has almost recovered all its losses from a previous close of $24.18 after dipping down to $23.55 yesterday. The day's trading volume totalled 1.74 million shares — slightly under the 21-day average of 1.87 million.
Stericycle | Extends $2.8 since strong earnings report yesterday
Stericycle released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of 0.65 per share on revenue of $690.3 million, topping estimates of 0.58 per share on revenue of $675.21 million. Since the release of its earnings report, Stericycle gained 6.6%.
Stericycle ended Wednesday's session at $42.44. yesterday started with an increase to $46.2, but dropped back and closed at $45.24.
Stericycle hit a significant low of $40.74 around 15 days ago, but has since recovered 4.17%. The company has a market cap of $4.17 billion with an average daily volume of 562,743 shares.