GBA Presents: RADIO SAVANT-!

CI&T GAAP EPS of $0.22 beats by $0.16, revenue of $491.9M beats by $395.43M<-----
May 18, 2022 4:49 PM ET CI&T Inc. (CINT)
  • CI&T press release(NYSE:CINT): Q1 GAAP EPS of $0.22beats by $0.16.
  • Revenue of $491.9M (+66.0% Y/Y)beats by $395.43M.

CI&T IPO Details
CI&T intends to raise $350 million in gross proceeds from an IPO of its Class A common stock, offering 19.44 million shares at a proposed midpoint price of $18.00 per share.

CI&T Inc provides consulting and outsourced software development for business customers. Shares contributed after the company reported strong quarterly results with 72% revenue growth and 62% earnings growth. Management provided an optimistic outlook for 2022 with revenue growth guidance of 56%, reflecting high demand for digital IT services. The stock also likely benefited from a strengthening of the Brazilian Real and less geopolitical risk than publicly traded peers with operations in Eastern Europe. We believe CI&T will continue growing rapidly in a large global market for IT services.

CINT IS YOUR GUMMY OF THE DAY

CINT CI&T Inc.@$13.75

$13.72-0.28(-2.00%) 12:00 PM 05/18/22
 
The S&P 500 (SP500) likely won't hit lows until September or October, according to Katie Stockton, founder and managing partner of Fairlead Strategies.

Stockton expects the market will likely be higher in a couple of weeks, though she's not recommending clients add exposure, Stockton said in an interview on CNBC.

"There really are no major intermediate term positive catalysts as of yet," Stockton said. "We suspect that a longer term low probably won't unfold maybe until September or October and between here and there we are looking for more volatility. And with that in mind we're generally a better seller."

Stockton sees a potential low of about 3500 for the S&P.

"The next support level around 3500 and that to us seems like perhaps a natural support level for us to get that bottom," Stockton said.

BUT WILL IT HIT 4200 FIRST? o_O
 
Eagle Materials moves higher after beating Q4 estimates, boosting buyback plans-------- But futures take it down -!
May 19, 2022 8:07 AM ET Eagle Materials Inc. (EXP)
image_1269393832.jpg




Eagle Materials (NYSE:EXP)+3%pre-market on Thursday after reportingbetter than expected FQ4 earningsand revenues, while also raising its stock buyback plan to cover nearly 25% of outstanding shares.

Eagle (EXP) saidits board authorized the repurchase of an additional 7.5M shares, which combined with remaining stock under existing authorization, brings the total the company could repurchase to ~10.3M shares.

Q4 revenues rose 20% Y/Y to $413M; Gypsum Wallboard and Paperboard revenue +32% to $220M, reflecting improved Wallboard sales volume and pricing, while Cement revenues +10% to $187M, reflecting higher net sales prices and lower operating costs.

"Despite recent interest rate increases, housing demand remains strong across our geographies, outpacing the supply of homes. Nonresidential construction activity is also picking up," President and CEO Michael Haack said.

The company also expects infrastructure investment should increase in the latter part of its fiscal year, as federal funding from the recently enacted Infrastructure Investment and Jobs Act begins in earnest.

Eagle Materials' (EXP) stock price returnfell 26% Y/Y and 16% during the past year.


SymbolLast Price% Chg
EXP Pre = $121

123.31 close
IDEA #1 Eagle Materials' (EXP) Buy At Open.
 
IRONY OF IRONIES

RETAIL SALES ARE WAY UP!

Philadelphia Fed President Patrick Harker expects two more 50 basis-point rate increases, with the Federal Reserve continuing to raise the federal funds rate "until we're confident that inflation is moving toward our target," he said in an onlineevent sponsored by the Mid-Sized Bank Coalition of America.

The rate hikes are important because inflation "is a truly urgent problem," he noted. Currently, the markets are pricing in a 50-bp rate hike at each of the next two meetings. The CME Fed Watch Toolgives a 78% probability that the federal funds rate will stand at 1.75%-2.0% after the July meeting. Currently the rate stands at 0.75%-1.0%.

Asked about the risk that the tightening will trigger a recession, Harker said, "There's always a risk there will be some negative growth. I'm still in the camp, that if we don't get a soft landing we can at least get a safe landing."

Even with the GDP decline in Q1 2022, he expects GDP growth between two and three percent for the full year.

This economy is strong enough to withstand a "measured, methodical tightening" that's well-communicated, Harker said. "Then we can look at the data to see if we need to do more."

There you have it-- tough day to come up with the Morning notes.

 
We have a real mouse problem. As far as I can tell we have one big Black mouse who likes to climb. He's terrifying. Last night he climbed the Settee in the Foyer--

My wife screamed. She saw him humping his way up. I froze in my seat because now I know for sure this was the guy coming after me the other night climbing my curtain. Why does he climb so!!!! WTF. All other mice are on the ground and we have alot-> HELP!!!

Ok last night bare foot I go to get water and these two F*ing mice were they fighting? They were jumping onto each other and tearing around the floor paying me NO MIND!

I went to the bookshelf and grabbed a picture book... Chinese jewelry Large book but not that heavy I lifted it over my head and SPLAT! I threw it down with so much force I flattened one. AGain SPLAT! again! SPLAT My son thought I was going crazy..... AGAIN!

I took his lifeless form out and pitched him down the garbage chute; one down... Two more to go...(at least) That Black one though I may have to shoot him off the wall...!
 
stonedinvestor said:
Eagle Materials moves higher after beating Q4 estimates, boosting buyback plans-------- But futures take it down -!
May 19, 2022 8:07 AM ET Eagle Materials Inc. (EXP)
image_1269393832.jpg




Eagle Materials (NYSE:EXP)+3%pre-market on Thursday after reportingbetter than expected FQ4 earningsand revenues, while also raising its stock buyback plan to cover nearly 25% of outstanding shares.

Eagle (EXP) saidits board authorized the repurchase of an additional 7.5M shares, which combined with remaining stock under existing authorization, brings the total the company could repurchase to ~10.3M shares.

Q4 revenues rose 20% Y/Y to $413M; Gypsum Wallboard and Paperboard revenue +32% to $220M, reflecting improved Wallboard sales volume and pricing, while Cement revenues +10% to $187M, reflecting higher net sales prices and lower operating costs.

"Despite recent interest rate increases, housing demand remains strong across our geographies, outpacing the supply of homes. Nonresidential construction activity is also picking up," President and CEO Michael Haack said.

The company also expects infrastructure investment should increase in the latter part of its fiscal year, as federal funding from the recently enacted Infrastructure Investment and Jobs Act begins in earnest.

Eagle Materials' (EXP) stock price returnfell 26% Y/Y and 16% during the past year.


SymbolLast Price% Chg
EXP Pre = $121

123.31 close
IDEA #1 Eagle Materials' (EXP) Buy At Open.
More...

Blast from the past
https://elitetrader.com/et/threads/eagle-materials-inc.312864/
 
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