Small- and mid-cap shares raced ahead of large caps in April

With markets getting back their mojo after four months, small- and mid-cap shares raced ahead of large caps in April.

The Nifty Smallcap 100 index surged 7.5 per cent — its biggest monthly advance in 10 months — and outperformed the benchmark Nifty 50 index by 350 basis points.

The Nifty Midcap 100 index soared 5.9 per cent, most since August.

Interestingly, April has been a strong month for the small cap universe historically.

In the past decade, the BSE Smallcap index has delivered positive performance on nine out of 10 occasions with an average return of nearly 5 per cent, according to Bloomberg.

Analysts said the broader markets played catch up in April, following months of underperformance.

They expect this trend to continue.

“The Nifty Midcap and Smallcap indices recorded a breakout from their four-month fall indicating a revival. We expect a catch up in the mid cap/small cap segment in the coming month, backed by stronger breadth readings and sectoral churn,” said a note by ICICI Direct.

Among sectoral indices, the realty pack performed the best, while the IT index was the only one with negative returns.

DISH Network Q1 Results Down, Miss Estimates; Stock Down In Premarket

DISH Network Corp. (DISH) reported Monday that its first-quarter net income attributable to the company totaled $222.713 million, down from $432.65 million in the year-ago quarter.

Earnings per share were $0.35 for the first quarter, compared to $0.68 per share during the same period in 2022.

On average, 12 analysts polled by Thomson Reuters expected earnings of $0.36 per share for the quarter. Analysts’ estimates typically exclude special items.

Revenue totaled $3.96 billion, compared to $4.33 billion for the corresponding period in 2022.

The Street expected revenues of $4.06 billion for the quarter.

Net pay-TV subscribers decreased approximately 552,000 in the first quarter, compared to a decrease of approximately 462,000 in the year-ago quarter.

In pre-market activity on Nasdaq, DISH network shares were trading at $6.68, down 6.18 percent.

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Energizer Holdings Inc. Q2 Profit Increases, beats estimates

Energizer Holdings Inc. (ENR) released earnings for its second quarter that increased from last year and beat the Street estimates.

The company’s earnings totaled $40.0 million, or $0.55 per share. This compares with $19.0 million, or $0.27 per share, in last year’s second quarter.

Excluding items, Energizer Holdings Inc. reported adjusted earnings of $46.5 million or $0.64 per share for the period.

Analysts on average had expected the company to earn $0.52 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 0.2% to $684.1 million from $685.4 million last year.

Energizer Holdings Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $40.0 Mln. vs. $19.0 Mln. last year.
-EPS (Q2): $0.55 vs. $0.27 last year.
-Analyst Estimate: $0.52
-Revenue (Q2): $684.1 Mln vs. $685.4 Mln last year.

-Guidance:
Full year EPS guidance: $3.00 – $3.30

ANI Pharmaceuticals, Inc. Q1 Earnings Summary

Below are the earnings highlights for ANI Pharmaceuticals, Inc. (ANIP):

Earnings: $1.033 million in Q1 vs. -$20.535 million in the same period last year.
EPS: $0.06 in Q1 vs. -$1.27 in the same period last year.
Excluding items, ANI Pharmaceuticals, Inc. reported adjusted earnings of $19.353 million or $1.17 per share for the period.

Analysts projected $0.35 per share
Revenue: $106.786 million in Q1 vs. $64.477 million in the same period last year.

-Guidance:
Full year EPS guidance: $2.99 – $3.45
Full year revenue guidance: $385Mln-$410Mln

KKR & Co. Inc. Q1 Earnings Summary

Below are the earnings highlights for KKR & Co. Inc. (KKR):

Earnings: $322.74 million in Q1 vs. -$9.79 million in the same period last year.
EPS: $0.36 in Q1 vs. -$0.02 in the same period last year.
Revenue: $3.13 billion in Q1 vs. $999.36 million in the same period last year.

Viatris Inc. Q1 Income Falls

Viatris Inc. (Y) released a profit for first quarter that decreased from last year

The company’s earnings came in at $224.7 million, or RMB0.19 per share. This compares with $399.2 million, or $0.33 per share, in last year’s first quarter.

The company’s revenue for the quarter fell 11.0% to $3.73 billion from $4.19 billion last year.

Viatris Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $224.7 Mln. vs. $399.2 Mln. last year.
-EPS (Q1): RMB0.19 vs. $0.33 last year.
-Revenue (Q1): $3.73 Bln vs. $4.19 Bln last year.

-Guidance:
Full year revenue guidance: $15.5 – $16.0 Bln

NAPCO Security Technologies Inc. Profit Advances In Q3, Beats estimates

NAPCO Security Technologies Inc. (NSSC) revealed earnings for its third quarter that increased from the same period last year and beat the Street estimates.

The company’s earnings came in at $10.84 million, or $0.29 per share. This compares with $3.27 million, or $0.09 per share, in last year’s third quarter.

Analysts on average had expected the company to earn $0.19 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 21.2% to $43.53 million from $35.91 million last year.

NAPCO Security Technologies Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $10.84 Mln. vs. $3.27 Mln. last year.
-EPS (Q3): $0.29 vs. $0.09 last year.
-Analyst Estimate: $0.19
-Revenue (Q3): $43.53 Mln vs. $35.91 Mln last year.