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SM Energy Q2 Earnings Top Estimates On Reduced Expenditure
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SM Energy Co. (NYSE:SM) reported better than expected second-quarter financial results as earnings topped estimates. While the stock has taken a hit in the wake of sentiments in the energy industry turning sour, buying sentiments appear to be building with the stock boasting of a 100% buying sentiment on eToro.
The stock appears to be trading at a great discount relative to its long term prospects. Amid the plunge of oil prices to record lows in the first half of the year, the company reported a net loss of 15 cents a share against estimates of 47 cents loss. Revenue came in at $169.6 million. Better than expected earnings, can be attributed to, among other things, lower operating expenses.
Cinemark Holdings Bounces Back As Theatres Re-Open
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Cinemark Holdings, Inc. (NYSE:CNK) bounce back following a plunge to record lows owing to COVID-19 disruptions is gathering pace. The stock is up by more than 50% from its record lows as the bullish momentum gathers pace as depicted by the 100% buying sentiment on eToro.
The bounce back from record lows follows the reopening of the U.S economy in the aftermath of the COVID-19 pandemic. The Movie theatre company has confirmed the reopening if its theatres across the U.S with enhanced clean and safety protocols.
The company is hoping to finish the year on a roll showcasing blockbuster movies as social gatherings once again gather pace with the easing of COVID-19 restrictions.
Ballard Power Systems Bullish After Strong Q2 and $250 Million Equity Program
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Ballard Power Systems Inc. (NASDAQ:BLDP) has been on an impressive run after bottoming out following the March-23 COVID-19 triggered market crash. The stock is up by more than 70% for the year, despite pulling lower in recent weeks. The pull-back continues to elicit buying pressure, with the stock commanding a 100% buying sentiment on eToro.
The bullishness stems from an impressive second quarter, where the company reported impressive financial results. Revenues came in at $25.8 million, leading to an adjusted EBITDA of $8.6 million and 21% in Gross Margin.
In the recent past, the power systems company has confirmed the signing of a $250 million at-the-market Equity Distribution Agreement. Proceeds from the ATM program are to be used for general corporate purposes.
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COMTEX_370624725/2700/2020-09-03T07:01:28
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