Ensign Group, Inc. (ENSG) reported lower-than-expected adjusted earnings per share for the third quarter and adjusted its FY24 earnings guidance. Despite the earnings miss, the company exceeded revenue expectations and saw strong performance from recently acquired operations. Analysts remain optimistic about Ensign’s prospects, with several raising their price targets.
ON Semiconductor (ON) is set to release its third-quarter earnings on Monday, October 28th. Analysts anticipate a decline in earnings and revenue compared to the previous year. However, the company delivered better-than-expected results in the second quarter. This article dives into the key figures, analyst ratings, and what investors should watch for during the upcoming earnings call.
O’Reilly Automotive (ORLY) disappointed investors with its third-quarter earnings report, missing both revenue and earnings estimates. The company also lowered its FY24 guidance, sending shares down slightly in after-hours trading. However, despite the miss, several analysts remain bullish on the stock, raising their price targets.
American Airlines Group Inc. (AAL) reported strong third-quarter financial results, exceeding revenue expectations and raising its 2024 earnings per share (EPS) outlook. The airline’s positive performance led to a surge in its share price. Analyst reactions to the earnings announcement ranged from bullish to cautious, with price target adjustments reflecting differing views on the company’s future prospects.
Sanofi SA reported impressive third-quarter results, exceeding analysts’ expectations with strong sales growth fueled by its blockbuster eczema drug Dupixent, new pharmaceutical launches, and vaccine performance. The company also provided an updated outlook for 2024, reaffirming its confidence in Dupixent’s continued success and anticipating strong growth in vaccine sales.
Laboratory Corporation of America Holdings (LH) exceeded analysts’ expectations for third-quarter earnings, driven by strong organic revenue growth. However, the company lowered its 2024 guidance due to adverse weather impacts, particularly Hurricane Helene’s effect on North Carolina. Despite the reduced outlook, LabCorp’s stock climbed over 6% on Thursday.
Dover Corporation (DOV) saw its stock decline on Thursday following a third-quarter earnings report that featured a revenue miss and a lowered outlook for the year. While revenue grew slightly, it missed analyst expectations, and the company reduced its adjusted EPS forecast, citing headwinds in specific sectors. Despite this, Dover highlighted strong bookings and a positive outlook for the future.
Ryder System Inc. (R) saw its shares decline on Thursday after reporting third-quarter earnings that fell short of analyst expectations. While revenue grew year-over-year, it missed estimates, and the company lowered its full-year revenue growth outlook. Despite this, earnings per share exceeded forecasts, and Ryder highlighted strong performance in certain business segments.
American Airlines Group Inc. (AAL) exceeded third-quarter earnings expectations, reporting robust revenue growth and a positive outlook for 2024. The airline also highlighted strong cash flow generation and continued debt reduction efforts, indicating a healthy financial position.
ServiceNow, the leading cloud-based platform for digital workflows, reported strong third-quarter earnings, exceeding revenue and earnings expectations. The company also raised its full-year revenue guidance, highlighting the continued demand for its AI-powered solutions. ServiceNow’s stock price dipped slightly in after-hours trading.
