Post 10/22 Q3 FY21' Earnings Analysis
AXP, 
SAM, 
HCA, 
RF, 
HON, 
SLB All major averages finished last week in the green to post a third straight week of gains - Dow closing at an ATH - Big name earnings reports continue to drive markets
AXP - American Express - reported Q3 FY21' earnings of 2.27/share - beat estimates by 27.5%, bottom line increased 74.6% YoY - driven by growing revenues & strong segmental performances - partly offset by increasing costsSAM - Boston Beer - reported Q3 FY21' earnings of 2.97/share - missing estimates of $4.04 per share - compares to earnings of $6.10 per share a year ago - this quarterly report represents an earnings surprise of (26.49%)A quarter ago, it was expected that this brewer would post earnings of $7 per share when it actually produced earnings of $4.72 - delivering a surprise of (32.57%) - over the last four quarters the company has beat EPS estimates just once
HCA - HCA Healthcare - reported Q3 FY21' earnings of 4.57/share - beat estimates of 4.10/share - compares to earnings of $1.92 per share a year ago - this quarterly report represents earnings surprise of 11.46%RF - Regions Financial - reported Q3 FY21' earnings of 0.66/share - beat estimates of 0.53/share - the bottom line compares favorably with the prior-year quarter’s $0.49 - results were driven by a strong capital position, & a rise in deposit balances provided some respite - benefit from credit losses was a tailwind - lower revenues & rising expenses were major dragsHON - Honeywell International - earnings were 2.02/share - beat estimates of 2.01/share - bottom line soared 29.5% YoY - revenues were $8,473 million - missing the consensus estimate of $8,708M - top line increased 9% YoYr on a reported basis - rise was driven by strength in warehouse & workflow solutions, productivity solutions & services, & gas analysis businesses along with strong demand for building products as well as process solutions services and thermal solutions - also supported by a recovery in commercial aftermarket demand & solid growth in business & general aviation original equipment demandSLB - Schlumberger - announced Q3 FY21' earnings of 0.36/share - in line with estimates - bottom line increased significantly from the year-ago quarter’s profit of $0.16 - total revenues of $5,847M - missed estimates of $5,940M but improved 11% from the year-ago quarter’s $5,258M - earnings were aided by a surge in stimulation activity in Argentina, stronger North American rig activity along with ramped up drilling operations at offshore & onshore international resources - this was offset by lower contributions related to Digital & Integration from Europe/Africa
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.