The Latest Picks And Pans From Barron’s Include Airlines, Energy, Steel And More
This weekend's Barron's cover story explores how big the impact of supply chain bottlenecks and shortages will be on holiday sales.
Hyliion Plans Bigger Battery To Stay Relevant In Electric Truck Race
At risk of ceding ground in the race to battery-electric trucks, Hyliion Holdings will launch its natural gas generator-powered hybrid powertrain with 75 miles of electric range, enough to qualify the Hypertruck ERX for zero-emission credits in California.
Meritor Q3 Earnings Tops Estimates; Raises FY21 Guidance
Meritor Inc (NYSE:MTOR) reported third-quarter FY21 sales growth of 97.7% year-on-year, to $1.02 billion, beating the analyst consensus of $923.87 million.…
Meritor Sees Q3 Adj. EPS ~$2.45 vs $2.25 Est., Sales ~$3.9B vs $3.74B Est.
Outlook for Fiscal Year 2021
The company is revising its guidance from its prior outlook for fiscal year 2021, as follows:
Revenue to be approximately $3.9
Meritor Q3 Adj. EPS $0.62 Beats $0.50 Estimate, Sales $1.02B Beat $923.87M Estimate
Meritor (NYSE:MTOR) reported quarterly earnings of $0.62 per share which beat the analyst consensus estimate of $0.50 by 24 percent. This is a 231.91 percent increase over losses of $(0.47) per share from the same period
Earnings Scheduled For August 4, 2021
Companies Reporting Before The Bell
• UroGen Pharma (NASDAQ:URGN) is projected to report earnings for its second quarter.
10 Industrials Stocks With Unusual Options Alerts In Today’s Session
This unusual options alert can help traders track potentially big trading opportunities. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Unusual trading activity could push option prices to hyperbolic or underperforming levels.
Citigroup Upgrades Meritor to Buy
Citigroup analyst Itay Michaeli upgrades Meritor (NYSE:MTOR) from Neutral to Buy.