In this article, we will take a look at the 11 quarterly reports everyone is talking about. You can skip our detailed analysis of these companies and go directly to the 5 Quarterly Reports Everyone is Talking About.
Notable tech stocks, including New Relic, Inc. (NYSE:NEWR), Marqeta, Inc. (NASDAQ:MQ) and Motorola Solutions, Inc. (NYSE:MSI), were spotted trading on unusual volume after releasing their financial results.
If we look at their price actions, Motorola stock rose on better-than-expected results, while New Relic shares hit a new 52-week low after posting a wider-than-expected loss. On the other hand, Marqeta shares moved up in the pre-market trading Friday, May 13, despite delivering mixed quarterly performance.
Many other companies, including electric vehicle maker Rivian Automotive, Inc. (NASDAQ:RIVN) and entertainment giant The Walt Disney Company (NYSE:DIS), also came into the limelight after posting their earnings reports.
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Quarterly Reports Everyone is Talking About
11. NICE Ltd. (NASDAQ:NICE)
Number of Hedge Fund Holders: 24
Shares of NICE Ltd. (NASDAQ:NICE) rose more than four percent on Thursday, May 12, 2022, after beating financial expectations for the first quarter and lifting its outlook for the full year.
NICE Ltd. (NASDAQ:NICE) reported adjusted earnings of $1.80 per share, up from $1.54 per share in the year-ago period. Revenue for the quarter also rose 15.4 percent on a year-over-year basis to $527.4 million. The results exceeded the consensus of $1.71 per share for earnings and $510.8 million for revenue.
For fiscal 2022, NICE Ltd. (NASDAQ:NICE) now expects adjusted earnings in the range of $7.25 – $7.45 per share and revenue between $2.16 – $2.18 billion. Previously, it was looking for adjusted earnings of $7.07 – $7.27 per share and revenue of $2.14 – $2.16 billion.
Speaking on the results, CEO Barak Eilam said in a statement:
“Demand is strong, and we are seeing it across the board in our business. Our exceptional financial profile of double-digit top line growth combined with best-in-class profitability, outstanding cash generation and a rock-solid balance sheet, uniquely positions us in our industry to further cement our leadership.”
10. Bumble Inc. (NASDAQ:BMBL)
Number of Hedge Fund Holders: 25
Shares of Bumble Inc. (NASDAQ:BMBL) skyrocketed nearly 27 percent on Thursday, May 12, 2022, after announcing better-than-expected financial results for the first quarter. The Texas-based online dating platform primarily benefitted from solid revenue from its flagship Bumble app.
Bumble Inc. (NASDAQ:BMBL) reported earnings of 13 cents per share, contrary to analysts’ average estimate for a loss of 3 cents per share. Revenue for the quarter jumped 24 percent versus last year to $211 million, beating the expectations of $208.37 million.
Revenue from the Bumble app climbed 38 percent on a year-over-year basis to $155.4 million. In comparison, Badoo app and other revenue slipped 4 percent to $55.8 million in the quarter. Among other updates, Bumble Inc. (NASDAQ:BMBL) reported that total paying users rose to 3 million.
Looking forward, Bumble Inc. (NASDAQ:BMBL) expects to generate revenue in the range of $218 – $221 million for the second quarter and between $934 – $944 million for fiscal 2022. This compares to the consensus of $224.46 million for the current quarter and $940.28 million for the full year.
Like Bumble Inc. (NASDAQ:BMBL), New Relic, Inc. (NYSE:NEWR), Marqeta, Inc. (NASDAQ:MQ) and Rivian Automotive, Inc. (NASDAQ:RIVN) also came into the limelight after posting their quarterly reports.
9. Mister Car Wash, Inc. (NYSE:MCW)
Number of Hedge Fund Holders: 25
Shares of Mister Car Wash, Inc. (NYSE:MCW) fell nearly two percent in the extended hours on Thursday, May 12, 2022, following its first-quarter results. The leading car wash operator earned 11 cents per share on an adjusted basis, up from 9 cents per share in the year-ago period.
Revenue came in at $219.4 million, representing a jump of 25 percent over the same period of 2021. Analysts were expecting Mister Car Wash, Inc. (NYSE:MCW) to report earnings of 11 cents per share on revenue of $214.62 million.
Mister Car Wash, Inc. (NYSE:MCW) also issued its financial outlook for fiscal 2022. The company guided for adjusted earnings in the range of 44 – 47 cents per share and revenue between $875 – $895 million for the full year.
8. Compass, Inc. (NYSE:COMP)
Number of Hedge Fund Holders: 28
Shares of Compass, Inc. (NYSE:COMP) slightly moved up in the after-hours trading session on Thursday, May 12, 2022, after posting a narrower-than-expected loss for the first quarter. The real estate technology company reported a loss of 45 cents per share, compared to analysts’ average estimate for a loss of 48 cents per share.
In addition, Compass, Inc. (NYSE:COMP) posted revenue of $1.4 billion, up 25 percent on a year-over-year basis and above the consensus of $1.34 billion. Total transactions for the quarter jumped 18 percent, while gross transaction value rose 23 percent.
For the second quarter, Compass, Inc. (NYSE:COMP) projected revenue in the range of $2 – $2.2 billion. For the full year, the company expects to produce revenue between $7.6 billion to $8 billion.
Discussing the results, CEO Robert Reffkin said in a statement:
“The Compass platform has been a major factor in our ability to take share by attracting agents and helping them grow their business. We see the current macro uncertainty as an opportunity for us to extend our technology lead over the rest of the industry, creating an even wider moat.”
7. Toast, Inc. (NYSE:TOST)
Number of Hedge Fund Holders: 34
Shares of Toast, Inc. (NYSE:TOST) rose nearly five percent in the after-hours trading session on Thursday, May 12, 2022, despite posting mixed financial performance for the first quarter. The Boston-based restaurant technology company reported a loss of 20 cents per share, narrower than a loss of 48 cents per share in the year-ago period.
Revenue for the quarter climbed 90 percent versus last year to $535 million. Analysts were expecting Toast, Inc. (NYSE:TOST) to report a loss of 13 cents per share on revenue of $490.87 million.
On the bright side, Toast, Inc. (NYSE:TOST) raised its sales outlook for fiscal 2022. The company now expects revenue in the range of $2.50 – $2.55 billion, compared to its previous guidance of $2.349 – $2.409 billion.
Like Toast, Inc. (NYSE:TOST), investors are also closely watching New Relic, Inc. (NYSE:NEWR), Marqeta, Inc. (NASDAQ:MQ) and Rivian Automotive, Inc. (NASDAQ:RIVN) following their quarterly reports.
6. Olaplex Holdings, Inc. (NASDAQ:OLPX)
Number of Hedge Fund Holders: 35
Olaplex Holdings, Inc. (NASDAQ:OLPX) recently surpassed financial expectations for the first quarter and reaffirmed its sales outlook for the full year. The latest performance sent Olaplex shares up more than five percent on Thursday, May 12, 2022.
The California-based hair care products retailer reported adjusted earnings of 13 cents per share, compared to 9 cents per share in the year-ago period. Analysts were looking for earnings of 11 cents per share.
In addition, Olaplex Holdings, Inc. (NASDAQ:OLPX) posted revenue of $186.2 million, up 57.6 percent over the same period of 2021 and above the consensus forecast of $172.46 million. If we look at its region-wise sales performance, revenue from the U.S. climbed 65.1 percent, while international revenue jumped 45.7 percent in the quarter.
For fiscal 2022, Olaplex Holdings, Inc. (NASDAQ:OLPX) continues to expect revenue between $796 – $826 million, nearly in line with analysts’ average estimate of $820.38 million.
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Disclosure: None. 11 Quarterly Reports Everyone is Talking About is originally published on Insider Monkey.
