5 Unusual Earnings Winners

July 31, 2018 by Chris Lange

We are in the heart of this earnings reporting season, and it is not just the big stocks on the move. Some smaller and mid-cap stocks were making massive moves in Tuesday’s session.

24/7 Wall St. has compiled news briefs on five of these big movers. We have reviewed the results from this most recent quarter as well as the consensus earnings estimates from Thomson Reuters, the stock price and trading history.

Cognex Corp. (NASDAQ: CGNX) released its second-quarter financial results after the markets closed on Monday. The company said that it had $0.32 in earnings per share (EPS) and $211.26 million in revenue, while with consensus estimates had called for $0.30 per share and $204.86 million. Shares were last seen up about 19% at $52.61 on Tuesday. The stock has a 52-week trading range of $39.90 to $72.99 and a consensus price target of $52.97.

Aerojet Rocketdyne Holdings Inc. (NYSE: AJRD) also reported its most recent quarterly results after the markets closed on Monday. The firm posted $0.45 in EPS and $467.2 million in revenue, versus the consensus estimates of $0.26 in EPS on revenue of $465 million. Shares were trading up 19% at $33.04, with a consensus price target of $35.00 and a 52-week range of $23.12 to $36.25.

When KLA-Tencor Corp. (NASDAQ: KLAC) reported its second-quarter results late on Monday, the company said that it had $2.22 in EPS and $1.07 billion in revenue. The consensus estimates had called for EPS of $2.14 and $1.05 billion in revenue. Shares were trading up nearly 10% at $116.50, in a 52-week range of $87.93 to $123.96. The consensus analyst target is $133.07

Illumina Inc. (NASDAQ: ILMN) released its second-quarter earnings report after the markets closed on Monday. The company posted $1.43 in EPS and $830 million in revenue. This compares with consensus estimates that are calling for $1.11 in EPS and $787.7 million in revenue. Shares of Illumina were last seen up 10% at $318.93, with a consensus analyst price target of $293.25 and a 52-week range of $170.31 to $320.89.

And Trex Co. Inc. (NYSE: TREX) reported its most recent quarterly results after the closing bell on Monday. The $0.73 in EPS and $206.7 million in revenue reported compared with consensus estimates of $0.64 per share and $190.8 million. Trex shares were trading up 22% at $78.39. The 52-week range is $17.98 to $78.39, and the consensus price target is $60.00.

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