In this article, we will take a look at the 10 stocks making moves after earnings reports. You can skip our detailed analysis of these companies and go directly to the 5 Stocks Making Moves After Earnings Reports.
Stocks from the consumer cyclical, technology and real estate sectors, including MercadoLibre, Inc. (NASDAQ:MELI), The Home Depot, Inc. (NYSE:HD), Palo Alto Networks, Inc. (NASDAQ:PANW) and CoStar Group, Inc. (NASDAQ:CSGP), recently posted their quarterly reports.
Shares of MercadoLibre and Palo Alto Networks turned green following the results. On the other hand, shares of Home Depot and CoStar Group plunged sharply despite beating expectations for the fourth quarter.
Several other stocks, including medical device company Medtronic plc (NYSE:MDT) and fertilizer maker The Mosaic Company (NYSE:MOS), also came into the spotlight after releasing their financial results.
Stocks Making Moves After Earnings Reports
10. Public Storage (NYSE:PSA)
Number of Hedge Fund Holders: 33
Shares of Public Storage (NYSE:PSA) rose over two percent in the after-hours trading session on Tuesday, February 22, 2022, after posting better-than-expected financial results for the fourth quarter.
Public Storage (NYSE:PSA) reported core FFO (funds from operations) of $3.54 per share, up from $2.93 per share in the year-ago period. Revenue for the quarter came in at $924.3 million, compared to $748.5 million for the fourth quarter of 2020. Analysts were looking for core FFO of $3.44 on revenue of $913.2 million.
The California-based real estate investment trust also issued its financial outlook for 2022. Public Storage (NYSE:PSA) expects core FFA in the range of $14.75 – $15.65 per share and revenue growth of 12 – 15 percent for the full year.
Speaking on the results, CEO Joe Russell said in a statement:
“Our momentum continues with customers enjoying end-to-end digital experience options, high-growth properties in our non-same store pool comprising 25% of the portfolio, and broad opportunity for continued growth across our acquisition, development, redevelopment, and third-party management platforms.”
9. Cadence Design Systems, Inc. (NASDAQ:CDNS)
Number of Hedge Fund Holders: 34
Shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) jumped nearly seven percent in the after-hours trading session on Tuesday, February 22, 2022, after posting its fourth-quarter profit and sales above expectations.
Cadence Design Systems, Inc. (NASDAQ:CDNS) earned 82 cents per share on an adjusted basis, topping expectations of 76 cents per share. The quarterly revenue of $773 million also exceeded analysts’ average estimate of $757.38 million.
Looking forward, Cadence Design Systems, Inc. (NASDAQ:CDNS) expects adjusted earnings in the range of $1 – $1.04 per share and revenue between $850 – $870 million for the first quarter.
Like Cadence Design Systems, Inc. (NASDAQ:CDNS), investors are also closely monitoring MercadoLibre, Inc. (NASDAQ:MELI), Palo Alto Networks, Inc. (NASDAQ:PANW) and CoStar Group, Inc. (NASDAQ:CSGP), following their financial results.
8. TransUnion (NYSE:TRU)
Number of Hedge Fund Holders: 34
Shares of TransUnion (NYSE:TRU) fell to a nearly 10-month low on Tuesday, February 22, 2022, after its financial results for the fourth quarter missed expectations. The consumer credit reporting agency posted adjusted earnings of 81 cents per share, compared to 72 cents per share in the year-ago period.
In addition, TransUnion (NYSE:TRU) generated revenue of $790 million in the quarter, up 21 percent on a year-over-year basis. However, the results fell short of the consensus forecast of 91 cents per share for earnings and $796.33 million for revenue.
TransUnion (NYSE:TRU) also released its region-wise sales numbers. Revenue from the U.S. markets jumped 25 percent to $481 million, while international revenue increased 15 percent to $185 million in the quarter.
Looking forward, TransUnion (NYSE:TRU) expects adjusted earnings in the range of 91 – 94 cents per share and revenue between $906 – $914 million for the first quarter.
7. Verisk Analytics, Inc. (NASDAQ:VRSK)
Number of Hedge Fund Holders: 41
Shares of Verisk Analytics, Inc. (NASDAQ:VRSK) rose over seven percent in the after-hours trading session on Tuesday, February 22, 2022, after delivering solid profit for the fourth quarter.
Verisk Analytics, Inc. (NASDAQ:VRSK) earned $1.47 per share on an adjusted basis, representing a jump of 15.7 percent from the comparable period of 2020. Analysts were looking for earnings of $1.41 per share.
Revenue for the quarter rose 7.4 percent on a year-over-year basis to $766 million but fell short of the consensus forecast of $770.03 million. If we look at the performance of its flagship business units, underwriting & rating revenue jumped 10.8 percent, while claims revenue increased 4.8 percent in the quarter.
Among other updates, Verisk Analytics, Inc. (NASDAQ:VRSK) announced that it repurchased $75 million worth of its common stock at an average price of $212.82 apiece in the fourth quarter. In addition, the company raised its cash dividend to 31 cents per share.
Like Verisk Analytics, Inc. (NASDAQ:VRSK), MercadoLibre, Inc. (NASDAQ:MELI), Palo Alto Networks, Inc. (NASDAQ:PANW) and CoStar Group, Inc. (NASDAQ:CSGP), also caught investors’ attention following their earnings reports.
6. The Mosaic Company (NYSE:MOS)
Number of Hedge Fund Holders: 46
The Mosaic Company (NYSE:MOS) is one of the leading producers of potash and phosphate fertilizers, the two primary nutrients required for plants growth. With a workforce of over 13,000 people, the company serves farmers worldwide.
Shares of The Mosaic Company (NYSE:MOS) turned red in the pre-market trading session on Wednesday, February 23, 2022, after its fourth-quarter profit fell short of expectations. The company reported adjusted earnings of $1.95 per share, significantly higher than 57 cents per share in the year-ago quarter but behind the consensus of $1.98 per share.
In addition, The Mosaic Company (NYSE:MOS) posted revenue of $3.841 billion for the quarter, compared to $2.5 billion it generated during the fourth quarter of 2020. Analysts were looking for revenue of $3.84 billion.
Looking forward, The Mosaic Company (NYSE:MOS) expects demands for its fertilizers products to stay high in the current fiscal year.
Speaking on the results, CEO Joc O’Rourke said in a statement:
“Mosaic delivered record EBITDA in 2021, and we expect strong performance to continue in 2022. As a result of successful investments like our new Esterhazy K3 potash mine, Mosaic Fertilizantes in Brazil, and our cost-structure transformation, we are generating tremendous value in the current environment. This has provided us with the opportunity to return significant capital to shareholders, while still investing efficiently in the business and strengthening the balance sheet.”
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Disclosure: None. 10 Stocks Making Moves After Earnings Reports is originally published on Insider Monkey
