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Major Earnings Before Opening Bell
Here are some key companies releasing earnings before the market opens on Wednesday.
Philip Morris International Inc (PM)
EPS Estimate: $1.61, representing a 7.33% increase from last year.
Revenue Forecast: $9.14B vs $8.79B reported a year ago.
Earnings Reaction History: In its last 5 reports, 4 of the next-day sessions were higher, including a 2.02% pop in October 2023. Regardless of direction, the stock averaged a post-earnings swing of 0.92%.
AT&T, Inc. (T)
EPS Estimate: $0.52, down -5.45% compared to last year.
Revenue Forecast: $30.36B, up from $30.03B a year earlier.
Earnings Reaction History: In the last 6 reports, T stock experienced a balanced mix of gains and losses the next day, with three sessions higher and three lower. On average, earnings swings were around -0.21%.
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Upcoming Earnings Reports
Below is a list of notable companies reporting earnings today.
Ticker | EPS | Revenue | ST Score |
|---|---|---|---|
BSX | $0.67 | $4.57B | 47.0 |
IBM | $1.43 | $14.39B | 50.0 |
NOW | $3.83 | $3.09B | 44.0 |
Tuesday's Top Beats
Here are the top earnings beats from recent reports
Iridium Communications Inc (IRDM)
EPS: $0.27, reflecting a positive earnings surprise of 24.23%.
Revenue: $214.88M, beating estimates by 1.93%.
Market Reaction: IRDM stock price dropped by -6.85% following the report.
First Financial Corp (THFF)
EPS: $1.55, exceeding expectations by 19.54%.
Revenue: $62.49M, surpassing estimates by 0.66%.
Market Reaction: THFF stock price increased by 5.45% after the announcement.
Danaher Corp (DHR)
EPS: $1.88, beating estimates by 15.52%.
Revenue: $5.74B, exceeding expectations by 3.05%.
Market Reaction: DHR shares rose by 3.84% following the earnings report.
Tuesday's Top Miss
While some companies exceeded expectations, others fell short. Here’s a look at Tuesday’s top earnings miss:
BCB Bancorp Inc (NJ) (BCBP)
EPS: -$0.27, underperforming estimates by -220.52%.
Revenue: $23.8M, coming in -1.98% below analyst projections.
Market Reaction: BCBP shares dipped -5.85% following the earnings release.
Herc Holdings Inc (HRI)
EPS: $1.30, missing analyst estimates by -41.23%.
Revenue: $861M, slightly under the target by 1.14%.
Market Reaction: Post earnings, HRI stock dropped -8.22%.
The Earnings Ticker Never Stops!
As we wrap up another earnings-filled day, remember—tomorrow’s movers are already lining up! Whether you're capitalizing on today’s winners or recalibrating after a miss, the earnings ticker keeps rolling. Stay with us as we dive into tomorrow’s top beats, misses, and market forecasts!
Till next time,
Stocks Telegraph Team
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