🎁Weekly Top 20 Earnings Beat, Why TXN, BCS, ADM, TECH Declined?
🤑Hi Tigers🤑,
The following table shows the top 20 companies that announced better-than-expected earnings this week(23 OCT-24 OCT).
After the announcement of the results, 1/2 stocks showed positive returns on the date of earnings, the rest are declined after earnings.
Feel free to add comments on stocks that interest you. Also read great analysis or trading strategies for star companies.
Rank | Symbol | Market Cap | EPS | Last Year's EPS* | Current Price | % Change on Earnings Date |
1 | 145.337B | $2.56 | $1.83 | $196.84 | -3.53% | |
2 | 133.403B | $2.45 | $1.81 | $146.92 | 0.41% | |
3 | 144.199B | $1.32 | $1.17 | $34.30 | 9.27% | |
4 | 24.672B | $0.44 | $0.37 | $6.53 | -6.98% | |
5 | 114.084B | $1.21 | $1.19 | $78.38 | 7.18% | |
6 | 69.436B | $1.63 | $1.29 | $105.67 | -0.01% | |
7 | 64.59B | $1.01 | $0.95 | $237.41 | -1.05% | |
8 | 60.425B | $2.83 | $2.77 | $234.98 | -1.53% | |
9 | 49.746B | $2.69 | $2.34 | $90.12 | 5.28% | |
10 | 39.296B | $2.25 | $1.84 | $28.56 | -2.26% | |
11 | 37.243B | $1.86 | $1.50 | $69.47 | -4.50% | |
12 | 36.604B | $4.57 | $4.19 | $147.17 | 4.75% | |
13 | 34.619B | $1.11 | $0.43 | $49.24 | 2.07% | |
14 | 22.911B | $0.51 | $0.46 | $26.86 | -0.26% | |
15 | 18.338B | $1.33 | $0.73 | $35.30 | -9.16% | |
16 | 19.816B | $0.71 | $0.61 | $69.70 | 4.37% | |
17 | 17.58B | $118.51 | $112.79 | $5,385.52 | -2.18% | |
18 | 17.23B | $0.36 | $0.18 | $18.81 | 3.18% | |
19 | 16.608B | $2.26 | $2.24 | $95.57 | 1.21% | |
20 | 17.192B | $1.35 | $1.14 | $66.76 | 6.15% |
1. Why EPS Matters?
Earnings per share(EPS), refers to the income per share brought to investors/shareholders in the open market.
EPS is calculated as a company's profit divided by the outstanding shares of its common stock. The resulting number serves as an indicator of a company's profitability.
Investors like companies with high profitability, and the market always rewards those earnings results that beat the estimates. Hope the following content helps you learn more about good companies.
2.Why are some stocks rejected rise even though EPS is higher？
Some reasons can be considered such as:
1) The earnings data is already priced in?
2) The data below the forecasts that the company had previously made?
3) There might be day traders who have profited from the increase (especially in the case of companies with a small market capitalization)
If you are interested in any profitable company's future, feel free to add it to your watch list and perform further fundamental analysis and position plans before trading.
3. Below are some possible reasons for the drop after earnings:
$Danaher(DHR)$’s net sales of $6,873 million outperformed the consensus estimate of $6,611.7 million. However, it declined 10.3% year over year due to a decrease in the sale of COVID-related products and weak demand in the Life Sciences segment.
$Barclays PLC(BCS)$ reported Q3 net income attributable to ordinary equity holders of £1.27 billion ($1.61 billion), down 16% from the prior-year quarter.
$Canadian National Railway(CNI)$ reported quarterly earnings surprise of -2.33% vs. a quarter ago.
$Cadence Design(CDNS)$ top estimate by earnings results for many years, but its revenue guidance for next quarter underwhelmed.
$Sherwin-Williams(SHW)$ reports strong Q3 2023 earnings, raises full-year guidance. It raised over 3% in the opening but closed at a price of -1.53%.
$General Motors(GM)$ says Q3 results affected by strike, and withdraws full-year guidance. after the earnings report was released the UAW announced that 5,000 members would go on strike at one of GM’s most profitable plants.
Chicago-based $Archer-Daniels Midland(ADM)$ said it was raising its full-year earnings outlook after a strong first three quarters of the year, but ADM's Nutrition segment posted lower results on weak demand for meat protein alternatives
$Teck Resources Ltd(TECK)$ plunged to their lowest price in nearly seven months after the Canadian miner raised the cost of its flagship copper mine in Chile once again.
$NVR Inc(NVR)$ got net income beat, but its revenue lowered than the market’s expectation, also lower than the data of the same period in last year.
4. Questions For You:
What stocks are on your watch list?
What stocks are you will bullish on?
Please share with us your stock pick story in the comment section.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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每股收益（EPS），是指在公开市场上给投资者/股东带来的每股收益。
每股收益的计算方法是公司的利润除以其普通股的流通股。由此产生的数字可以作为公司盈利能力的指标。
投资者喜欢盈利能力高的公司，市场总是奖励那些超出预期的收益结果。希望以下内容能帮助你更多地了解好公司。
Apple