In this article, we will take a look at the 10 most anticipated earnings to watch on Monday. If you want to see some more stocks reporting earnings this week, go directly to 5 Most Anticipated Earnings to Watch on Monday.
Famous gold miner Newmont Corporation (NYSE:NEM), semiconductor company NXP Semiconductors N.V. (NASDAQ:NXPI) and home appliances manufacturer Whirlpool Corporation (NYSE:WHR) are set to post their quarterly reports on Monday.
In addition, investors are also closely watching Range Resources Corporation (NYSE:RRC) and Universal Health Services, Inc. (NYSE:UHS), as they plan to release their second-quarter results.
We will discuss analysts’ expectations for these companies in the remaining article.
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10. Hexcel Corporation (NYSE:HXL)
Number of Hedge Fund Holders: 21
Hexcel Corporation (NYSE:HXL) plans to release its financial results for the second quarter after the market closes on Monday, July 25, 2022. Analysts are calling for earnings of 30 cents per share on revenue of $391.5 million.
In the first quarter, Hexcel Corporation (NYSE:HXL) swung to a profit, reporting adjusted earnings of 22 cents per share versus the consensus of 17 cents. Moreover, its Q1 revenue of $391 million also exceeded the expectations of $370.89 million.
Separately, investment management firm LRT Capital Management mentioned Hexcel Corporation (NYSE:HXL) in its first-quarter 2022 investor letter, stating:
“Hexcel manufactures carbon fiber composite materials with the primary end markets being aerospace and defense. The company’s stock price was hit heavily last year due to the decline in the aerospace market, but the stock is making an impressive comeback this year as the outlook for travel and aerospace demand improves. The near-term demand for lightweight, high-performance carbon fiber composites is still uncertain, but the longer-term trend is clearly very strong. As airplane manufacturers look to improve the fuel efficiency and performance of their planes, the primary way of doing this is to reduce weight. The 787, 777X and A350 are just the most recent examples of planes from Boeing and Airbus that utilize an increasing amount of carbon fiber materials in their construction. Just as is the case with Marriott, we do not view recent results as meaningful or indicative of a long-term trend, but rather a once in a century aberration due to the Covid-19 pandemic. Once Covid-19 recedes, we expect the demand for more fuel-efficient planes to return rather quickly, powering the demand for the company’s light weight carbon composites.”
9. Brown & Brown, Inc. (NYSE:BRO)
Number of Hedge Fund Holders: 24
Brown & Brown, Inc. (NYSE:BRO) is set to report its financial results for the second quarter after the closing bell on Monday, July 25, 2022. The Florida-based insurance brokerage firm is expected to report earnings of 49 cents per share on revenue of $804.16 million. This compares to earnings of 49 cents per share and revenue of $727.3 million reported by Brown & Brown, Inc. (NYSE:BRO) for the comparable period of 2021.
If we look at some other notable developments, Brown & Brown, Inc. (NYSE: BRO) recently announced a quarterly dividend of $0.1025 per share. In addition, the company also completed the acquisition of Global Risk Partners Limited earlier this month.
8. RPM International Inc. (NYSE:RPM)
Number of Hedge Fund Holders: 25
RPM International Inc. (NYSE:RPM) is engaged in manufacturing specialty coatings and sealants. It also provides building materials and related services to customers. RPM International Inc. (NYSE:RPM) is scheduled to report the financial results for its fiscal fourth quarter before the opening bell on Monday, July 25, 2022.
Analysts expect RPM International Inc. (NYSE:RPM) to report earnings of $1.44 per share, up from $1.28 per share in the year-ago period. Moreover, RPM International Inc. (NYSE:RPM) is expected to generate revenue of $1.97 billion for the quarter, compared to $1.74 billion in the same period of 2021.
RPM International Inc. (NYSE:RPM) shares haven’t gain any value during the past 12 months. The stock is also down about 12 percent on a year-to-date basis.
7. Calix, Inc. (NYSE:CALX)
Number of Hedge Fund Holders: 26
Calix, Inc. (NYSE:CALX) plans to announce its second-quarter results after the market closes on Monday, July 25, 2022. Analysts expect Calix, Inc. (NYSE:CALX) to earn 19 cents per share on revenue of $196.02 million.
Calix, Inc. (NYSE:CALX) had a good start to 2022. In the first quarter, it earned 22 cents per share on an adjusted basis, topping estimates of 20 cents per share. Moreover, its revenue of $184.9 million in Q1 was also better than the consensus of $177.64 million.
Like Calix, Inc. (NYSE:CALX), investors are also keeping an eye on Newmont Corporation (NYSE:NEM), NXP Semiconductors N.V. (NASDAQ:NXPI) and Whirlpool Corporation (NYSE:WHR) as they prepare to post their earnings reports.
6. F5, Inc. (NASDAQ:FFIV)
Number of Hedge Fund Holders: 29
F5, Inc. (NASDAQ:FFIV) will report its fiscal third-quarter results after the closing bell on Monday, July 25, 2022. Analysts expect the tech firm to report earnings of $2.24 per share on revenue of $667.5 million. This compares to the adjusted earnings of $2.76 per share and revenue of $652 million reported by F5, Inc. (NASDAQ:FFIV) in the comparable period of 2021.
Among other updates, F5, Inc. (NASDAQ:FFIV) recently received a downgrade from BofA. The research firm cut its ratings for F5 stock from “Buy” to “Neutral” on Wednesday, July 20, 2022.
BofA analyst Tal Liani believes that the consensus estimates for networking companies do not reflect the upcoming drop in the financials. Liani slashed his price target for F5, Inc. (NASDAQ:FFIV) from $215 per share to $170 per share.
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Disclosure: None. 10 Most Anticipated Earnings to Watch on Monday is originally published on Insider Monkey.
