Mid Cap Losers: EAF, DLB, EXPO
3:32 pm Friday, February 04th, 2022
GrafTech International Ltd (NYSE:EAF): Co reported Q4 results, surpassing estimates for EPS and revs. Co noted that while steel industry pricing has retreated recently, it remains above historical levels, and near-term fundamentals in the industry remain strong. Co expects inflation-driven cost increases in 2022, particularly for third-party needle coke, energy, and freight.
Dolby Laboratories, Inc. (NYSE:DLB): Missed estimates for Q1 EPS and revs and issued downside Q2 guidance. Licensing revs for Q2 are expected to range from $300-325 mln. Also announced that its board approved increasing its stock repurchase authorization by $250 mln. At 52-week lows. Dolby Laboratories, Inc. is an American company specializing in audio noise reduction, audio encoding/compression, spatial audio, and HDR imaging. Dolby licenses its technologies to consumer electronics manufacturers.
Exponent, Inc. (NASDAQ:EXPO): Falls to 52-week lows after co issued its Q4 report, topping estimates for EPS and revs. For Q1, co expects revs before reimbursements to grow in the mid- to high-single digits, and it sees EBITDA margin decreasing by 50-125 bps; for FY22, EBITDA margin is expected to decrease 200-250 bps. Co has accelerated its efforts to attract and recruit talent within a competitive job market. Also increased its quarterly dividend by +20% to $0.24/share. Exponent is an American engineering and scientific consulting firm. Exponent has a multidisciplinary team of scientists, physicians, engineers, and business consultants which performs research and analysis in more than 90 technical disciplines.
