Bullish sentiment arrives following recent earnings figures among stocks

Published: November 25 2022, 10:10 GMT+0

Bullish sentiment arrives following recent earnings figures among stocks

Oshkosh Corporation, Royal Gold, Inc., Royal Gold, Inc. are the ones to read about today.

Leading equity indices in the US rose as Nasdaq ended the session at 11,300 after a 0.99% gain. S&P 500 gained 0.59% and closed at 4,027.26.

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.

Oshkosh Corporation: EPS of one, Revenue of $2 billion

Following the release of quarterly results, Oshkosh Corporation trades at $92.91.

Though in the midst of a 5 day uptrend, gaining a total of 1.59%, ($2.28), the prevailing bullish trend is beginning to fade following Wednesday's downbeat session. Pronounced bearish sentiment in the market pushed the specialty vehicle manufacturer into a notable 0.89% slide Wednesday, falling 83 cents and ultimately closing at $92.91.

Oshkosh Corporation hit a significant low of $70.29 around a month ago, but has since recovered 33.36%. So far in 2022, it has performed better than the Nasdaq by 22.33%. The company's market cap is $6 billion with an average daily volume of 393,967 shares.

Royal Gold: EPS of 0.71, Revenue of $131.43 million

Royal Gold trades at $110.1 after the company released its quarterly results.

Royal Gold continues a 5 day uptrend, gaining a total of 6.95%. Wednesday's session pointed in the same direction — Royal Gold rose 62 cents to close at $110.1 Wednesday which makes for a move of 0.57%.

The precious metals company is up 26.63% from the significant low of $86.46 it hit a month ago. The company has a market cap of $7.23 billion with an average daily trading volume of 440,542 shares.