Bullish sentiment arrives following recent earnings figures among stocks

Published: November 25 2022, 12:10 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.

Markets had an interesting day Wednesday; Nasdaq ended the session at 11,300 after a 0.99% gain. S&P 500 closed the day at 4,027.26, having gained 0.59%.

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

Oshkosh Corporation trades at $92.91 after the company released its quarterly results.

Though in the midst of a 5 day uptrend, gaining a total of 1.59%, ($2.28), Wednesday's session suggests run might be coming to an end — pronounced bearish market sentiment ensured that the US industrial truck company made a notable 0.89% loss Wednesday, declining 83 cents and ultimately closing at $92.91.

Having set a significant high of $124.5 a month ago, the US industrial truck company is trading 33.36% lower. So far in 2022, it has performed better than the Nasdaq by 22.33%. The company has a market cap of $6 billion with an average daily volume of 393,967 shares.

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

Following the release of quarterly results, Royal Gold trades at $110.1.

Royal Gold displays further gains following a recent trend of 5 days and $6.53. Wednesday's session pointed in the same direction — Royal Gold ascends 0.57% to close at $110.1 Wednesday.

Having set a significant high of $146.33 a month ago, the gold royalty company is trading 26.63% lower. Royal Gold is currently trading with a market cap of $7.23 billion with an average daily trading volume of 440,542 shares.

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