More Earnings Reports Today

We had a few more Buy List earnings report today.

This morning, Check Point Software (CHKP) said it made $1.65 per share. That was five cents better than estimates. Revenue grew 5% to $534 million. Analysts were expecting $530 million.

Check Point said it expects full-year earnings of $6.81 to $7.01 per share. That’s an increase from the previous guidance of $6.45 to 6.85 per share.

That works out to a Q4 range of $1.99 to $2.19 per share.

During Q3, Check Point bought back 2.64 million shares for $325 million. The company is expanding its buy back authorization by $2 billion.

The stock has been up as much as 4% today, although it’s trading off its high.

For Q3, Hershey (HSY) said it made $2.10 per share. That beat the Street by 10 cents.

The chocolate folks also increased their earnings guidance. Previously, Hershey said it expects earnings growth of 8% to 10%. Now they say it will be 11% to 13%. That works out to a range of $6.98 to $7.11 per share. That implies Q4 earnings of $1.49 to $1.62 per share.

Intercontinental Exchange (ICE) said it made $1.30 per share for Q3 while sales rose 28% to $1.8 billion. Earnings beat the Street by eight cents per share. The shares got to a new high today of $137.99. In March 2020, ICE traded as low at $63.51 per share.

Moody’s (MCO) earned $2.69 per share for Q3. Expectations were for $2.52 per share. Revenue increased 13% to $1.5 billion.

For the third time this year, Moody’s has raised its full-year guidance. The original range was $10.30 to $10.70 per share. Then it went to $11.00 to $11.30 per share. In July, it went to $11.55 to $11.85 per share. And now, it’s up to $12.15 to $12.35 per share.

That works out to a Q4 range of $2.18 to $2.38 per share. Moody’s is up over 3% today and it reached a new 52-week high.

Posted by on October 28th, 2021 at 2:53 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.