Royal Gold, Inc., Oshkosh Corporation, NetApp Inc are the ones to read about today.
The leading indices are dropping — Dow Jones slipping 1.03% and closing at 34,234. S&P 500 trades at 4,061.25 after losing 0.46%.
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 down, mid cap and over stocks have released their quarterly earnings reports. Have a look at this rundown.
Royal Gold | Bounces $8.26 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 7.85% since the release of its earnings report.
The gold royalty company trades at $113.47 today, after closing yesterday at $112.33 and gaining $1.14 (1%).
After hitting an important low of $86.46 approximately 2 months ago, the gold royalty company has bounced back 29.92% since. The company has a market cap of $7.45 billion with an average daily volume of 461,493 shares.
Oshkosh Corporation: EPS of one, Revenue of $2 billion
Oshkosh Corporation trades at $91.69 after the company released its quarterly results.
After dipping as low as $91.2, the US industrial truck company is recovering ground lost since the previous session close ($92.07); currently trading at $91.69.
Having set a significant high of $124.5 2 months ago, the US industrial truck company is trading 31% lower. So far in 2022, it has performed better than the Nasdaq by 18.82%. Oshkosh Corporation is currently trading with a market cap of $6.00 billion with an average daily trading volume of 321,915 shares.
NetApp: mixed results
NetApp reported earnings results Tuesday; with EPS at 1.2 and revenues at $1.66 billion, these results are mixed compared to a consensus of 1.08 Earnings Per Share and $1.68 billion revenue. Since the release of its earnings report, NetApp lost 7.92%.
While bearish sentiment is dominating the market, the hybrid cloud data services pioneer is maintaining its poise around $66.82 while ranging between $65.92 and $68.5 so far today.
Having set a significant high of $95.48 2 months ago, the hybrid cloud data services pioneer is trading 9.31% lower. So far in 2022, it has been doing worse than the S&P 500 by 9.26%. NetApp's market cap is currently $14.52 billion with an average daily trading volume of 1.48 million shares.
Hewlett Packard: mixed results
Hewlett Packard reported earnings results Tuesday, with EPS at -0.23 and revenues at $7.87 billion; these results are mixed when compared to a consensus of 0.39 Earnings Per Share and $7.42 billion revenue. Since the release of its earnings report, Hewlett Packard gained 7%.
After dipping as low as $16.24, the IT company is recovering ground lost since the previous session close ($16.78); currently trading at $16.64.
Hewlett Packard hit a significant low of $12 around 2 months ago, but has since recovered 40.07%. The Nasdaq has been doing worse in 2022, it has been passing it by 42.03%. The company's market cap is $21.40 billion with an average daily trading volume of 13.81 million shares.
CrowdStrike: rises above expectations
The company released its quarterly earnings Tuesday, beating analysts estimates. The company reported earnings of -0.2 per share on revenue of $580.88 million, topping estimates of -0.23 per share on revenue of $573.9 million. Since the release of its earnings report, CrowdStrike lost 13.21%.
CrowdStrike is rallying again to $121.03 (up $3.38), after erasing earlier gains.
The US software company is now trading 39.13% below its 3-month high of $239.86. The company has a market cap of $26 billion with an average daily volume of 5.90 million shares.