Today’s stock market results are proving to be full of good and bad surprises for investors. However, the investors of the below-mentioned companies might be the ones who would be more surprised than others. This is mainly because the stock price movements these companies have made are huge and very alarming.
A 12.1% Sink for Burlington Stores
It was an extremely bad day to start for Burlington Stores’ investors as the share prices for the off-price retailer have sunk at a high rate. According to the report, the shares for Burlington Stores have dipped by 12.1% in premarket trading.
Burlington Stores also had the same reason as the majority of the companies that have missed out on their earnings data. Burlington Stores recently went ahead sharing its earnings data for the fourth quarter of 2021. The earnings data showed figures that were lower than the expectations set by the analysts at Wall Street.
The officials at Burlington Stores revealed that they failed to meet the bottom and top estimations. Even the estimations set by the Refinitiv analysts were not met by Burlington Stores in the recent quarter.
For the estimations, the analysts had predicted that the revenue Burlington Stores needed to achieve was worth $2.78 billion in sales. Even the adjusted earnings the analysts had predicted for the particular quarter were worth $3.25 per share.
However, Burlington Stores only managed to achieve revenue worth $2.60 billion. Apart from the sales revenue, the adjusted earnings Burlington Stores managed to achieve were worth $2.53 per share.
Kroger Investors are in High Spirits
The situation is currently favorable for the investors at Kroger as the shares for the grocery chain are flying high. Kroger recently shared its earnings results for the fourth quarter of 2021. In the earnings data, Kroger shared promising results that boosted the trust and morale of the majority of the investors.
In the report, Kroger revealed that earnings it achieved were much higher than the estimations made by the analysts at Refinitiv. For the respective quarter, the Kroger officials revealed that they achieved adjusted earnings worth 91 cents per share. The revenue that Kroger successfully generated for the particular quarter was worth $33.05 billion.
Against the actual figures, the estimation that the Refinitiv analysts made for the adjusted earnings was worth 74 cents per share. Whereas, the analysts had predicted that the revenue Kroger would achieve would be $32.86 billion.
According to the officials at Kroger, the reason behind the rise in the grocery chain’s earnings is the lockdowns getting removed and life coming back to normal. As the vaccination process for the coronavirus has been intensified, people have started visiting public places and markets as normal. Therefore, Kroger alongside other major grocery chains is observing surges in their earnings.