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4 big earnings reports: Genius Group up another 45% after guidance

Investing.com
·2 min read

By Davit Kirakosyan

Investing.com -- Genius Group shares surged more than 45% yesterday after the company announced its 2023 guidance. Here's the full list of big earnings reports from yesterday, all first covered on InvestingPro.

Another surge for Genius Group

Genius Group's (NYSE:GNS) 2023 annual revenue is expected to be in the range of $48-52 million, number of students and users is expected to be approximately 5.7M to 6M, and adjusted EBITDA is expected to be in the range of $0.5-1.0M.

Shares jumped 55% on Friday, extending their prior-day 290% gain due to the announcement that a former FBI deputy director, Timothy Murphy, had been appointed to investigate the naked short selling of the company's stock that has depressed the price.

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Earlier this month, law firms conducted an investigation and discovered that some individuals or companies had sold a large quantity of the company's stock without actually delivering it, which is against the law. Shares closed Monday at $4.71.

Rounding out the big earnings moves

Concrete Pumping Holdings (NASDAQ:BBCP) shares gained more than 5% after hours, following the company's reported Q4 results, with revenue coming in at $114.9M, better than the consensus of $103.31M. EPS was $0.14, in line with expectations.

For fiscal 2023, the company expects revenue of $420-445M, compared with the consensus of $424.6M.

Baker Hughes (NASDAQ:BKR) reported its Q4 results, with EPS of $0.38 coming in worse than the consensus of $0.40. Revenue was $5.9 billion, compared with the consensus of $6.06B. However, the miss was compensated by the company's bullish outlook.

The company said it will continue to target paying out 60-80% of its free cash flow in buybacks and dividends. Shares closed down 1.5% to $30.59.

Synchrony Financial (NYSE:SYF) shares closed more than 2% lower yesterday despite the company's reported Q4 beat, with EPS of $1.26 (vs. consensus of $1.12).

Following the result, Citi raised its price target on Synchrony to $45.00 from $44.00 while maintaining a Buy rating.

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