Toy company Hasbro has reported better-than-expected earnings for the first quarter of 2023. Earnings per share (EPS) came in at $0.61, exceeding analyst estimates of $0.28. Revenue also surpassed expectations, reaching $757.3 million compared to consensus estimates of $749.48 million. Hasbro’s stock price responded positively, closing at $58.14 and showing gains of 13.75% over the past three months and 13.91% over the past year.
Chubb’s (NYSE: CB) first-quarter financial results exceeded analysts’ expectations, with EPS of $5.41, surpassing the estimate of $5.31, and revenue reaching $12.22 billion against the consensus estimate of $11.75 billion. The company’s stock price closed at $249.60. Over the past year, Chubb’s stock has experienced a 24.45% gain, and in the last three months, it has increased by 3.47%. Notably, Chubb has received 10 positive EPS revisions and 5 negative revisions within the last 90 days. InvestingPro assesses Chubb’s financial health as demonstrating ‘great performance.’
Visa A (NYSE: V) exceeded earnings and revenue estimates for the second quarter of 2023. The company reported earnings per share (EPS) of $2.51, surpassing the analyst consensus of $2.44. Revenue came in at $8.78 billion, higher than the estimated $8.62 billion.
In the past three months, Visa A’s stock has increased by 2.31%, while it has experienced a 17.77% rise over the past year. The company’s financial health has been assessed as “great performance” by InvestingPro.
Sherwin-Williams Company (SHW) reported lower-than-expected first-quarter earnings per share and revenue, impacted by delayed capex projects and sluggish sales. Consolidated net sales declined by 1.4% in the quarter. Net sales from stores in the Paint Stores Group open more than twelve calendar months remained flat. Gross margin expanded to 47.2%, driven by cost-cutting initiatives. The company expects full-year revenue to grow moderately, but lowered its adjusted EPS guidance. SHW shares declined by 3.2% in pre-market trading.
Automotive parts company LKQ (NASDAQ:LKQ) reported financial results for the first quarter of calendar year 2024 (Q1 CY2024), missing analysts’ expectations. Despite a 10.6% year-over-year increase in revenue to $3.70 billion, the company’s non-GAAP earnings per share (EPS) of $0.82 fell short of the estimated $0.95, marking a 13.8% miss. LKQ’s full-year guidance for adjusted EPS and free cash flow was maintained, while organic sales guidance was lowered.
Food and beverage giant PepsiCo (NASDAQ: PEP) reported mixed financial results for the first quarter of its 2024 fiscal year. While revenue and earnings per share (EPS) exceeded analysts’ expectations, the company missed on its operating and gross margins.
Total revenue increased by 2.3% year-on-year to $18.25 billion, slightly above the consensus estimate of $18.11 billion. Non-GAAP EPS came in at $1.61, surpassing the expected $1.52, marking a 6% beat.
Despite the revenue growth, PepsiCo’s sales volumes declined by 2% year-on-year, indicating a challenge in driving product demand. However, the company was able to offset this decline through price increases, resulting in organic revenue growth of 2.7%.
The company maintained its full-year guidance from the previous quarter, with full-year non-GAAP EPS guidance remaining in line with consensus estimates. PepsiCo’s stock price remained flat after the earnings announcement, currently trading at $175.11 per share.
NextEra Energy reported first quarter earnings per share (EPS) of $0.91, beating analyst estimates by $0.16. Revenue came in at $5.73 billion, below consensus estimates of $6.05 billion. The company raised its full-year EPS guidance, with an expected range of $3.23 to $3.43, compared to the analyst consensus of $3.40.
Lockheed Martin Corporation (NYSE: LMT) reported better-than-expected first-quarter 2023 financial results, driven by solid growth in its various business segments. The company also raised its full-year earnings guidance, reflecting its confidence in its business outlook.
Danaher (NYSE: DHR) outperformed analysts’ expectations in its first quarter earnings report, posting an EPS of $1.92, $0.20 above the estimated $1.72. The company’s revenue also surpassed estimates, coming in at $5.8 billion compared to the consensus estimate of $5.62 billion. Driven by these positive results, the stock closed at $236.08, a 3.82% gain over the last three months and a 4.72% increase over the past 12 months. However, despite the strong performance, Danaher has faced some downward revisions in EPS estimates, with 11 negative revisions occurring in the past 90 days compared to only 1 positive revision. Despite this, InvestingPro maintains a positive outlook on the company’s financial health.
Hexcel Corporation announced earnings for the first quarter of 2024 that beat analyst expectations. The composite technology leader reported an adjusted EPS of $0.44, $0.02 above estimates, and revenue of $472 million, exceeding the consensus of $470.81 million. The company projects an adjusted EPS range of $2.10 to $2.30 and revenue of $1.93 to $2.03 billion for the full year.
