5 Companies on Investors’ Radar After Releasing Their Quarterly Results

In this article, we discuss the 5 companies on investors’ radar after releasing their quarterly results. If you want to read our detailed analysis of these companies, go directly to the 10 Companies on Investors’ Radar After Releasing Their Quarterly Results.

5. NextGen Healthcare, Inc. (NASDAQ:NXGN)

Number of Hedge Fund Holders: 22

Shares of NextGen Healthcare, Inc. (NASDAQ:NXGN) dropped nearly 10 percent in the extended hours on Tuesday, May 17, 2022, despite meeting profit expectations for its fiscal fourth quarter.

NextGen Healthcare, Inc. (NASDAQ:NXGN) reported adjusted earnings of 19 cents per share, down from 21 cents per share in the year-ago period. Revenue increased to $151.3 million, from $144.2 million in the comparable period of 2021. Analysts were looking for earnings of 19 cents per share on revenue of $150.06 million.

For its fiscal year 2023, NextGen Healthcare, Inc. (NASDAQ:NXGN) guided for adjusted earnings in the range of 95 cents – $1.01 per share and revenue between $628 – $640 million.

Discussing the results, CEO David Sides said:

“Fiscal fourth quarter reflects another strong performance driven by broad demand for our solutions and the high level of execution by our team. To better position us for faster revenue growth and operating leverage, we have accelerated the pace of investments in strategic domains – Enterprise, Office and Insights.”

4. Doximity, Inc. (NYSE:DOCS)

Number of Hedge Fund Holders: 33

Doximity, Inc. (NYSE:DOCS) recently announced better-than-expected financial results for its fiscal fourth quarter. However, the sales outlook for its fiscal first-quarter disappointed investors, sending its shares down to a nearly one-year low in the premarket trading session on Wednesday, May 18, 2022.

The online professional networking platform reported adjusted earnings of 21 cents per share, topping expectations of 15 cents per share. In addition, Doximity, Inc. (NYSE:DOCS) posted revenue of $93.7 million, up 40.4 percent over the year-ago period and above expectations of $90.11 million.

Looking forward, Doximity, Inc. (NYSE:DOCS) expects to generate revenue in the range of $88.6 – $89.6 million for the current quarter, below analysts’ average estimate of $96.78 million.

Speaking on the results, CEO Jeff Tangney said:

“We’re proud to now serve over 2 million US healthcare professionals, including over 80% of US physicians and over 50% of Physician Assistants and Nurse Practitioners. This quarter, we added scheduling to our product suite with the acquisition of Amion, and saw record use of our fax, e-signature, and telehealth tools.”

3. Keysight Technologies, Inc. (NYSE:KEYS)

Number of Hedge Fund Holders: 34

Keysight Technologies, Inc. (NYSE:KEYS) recently came into the spotlight after delivering impressive financial results for its fiscal second quarter. The results were primarily driven by solid demand for is products. The Santa Rosa-based company reported adjusted earnings of $1.83 per share, well above $1.44 per share in the year-ago period.

Revenue for the quarter surged 11 percent on a year-over-year basis to $1.35 billion. Analysts were expecting Keysight Technologies, Inc. (NYSE:KEYS) to report earnings of $1.67 per share on revenue of $1.3 billion.

If we look at the performance of its flagship units, revenue from the communications solutions group rose 10 percent on a year-over-year basis to $963 million, while revenue from the electronic industrial solutions group jumped 13 percent to $388 million in the quarter.

For its fiscal third quarter, Keysight Technologies, Inc. (NYSE:KEYS) expects adjusted earnings in the range of $1.74 – $1.80 per share and revenue between $1.33 – $1.35 billion.

2. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 63

Shares of Walmart Inc. (NYSE:WMT) recently hit a new 52-week low of $130.64 following its mixed financial performance for the first quarter. The Arkansas-based retail giant reported adjusted earnings of $1.30 per share, missing the consensus of $1.48 per share with a big margin.

On the bright side, Walmart Inc. (NYSE:WMT) posted revenue of $141.57 billion, up 2.4 percent over the same period of 2021 and above estimates of $138.94 billion. The company’s comparable U.S. sales increased 3 percent, while e-commerce sales inched up just 1 percent on a year-over-year basis.

Walmart Inc. (NYSE:WMT) also trimmed its profit outlook for the current quarter. The company now expects earnings in the range of flat to up slightly. Previously, Walmart was expecting its earnings to increase in the low to mid-single-digits range.

Speaking on the results, CEO Doug McMillon said in a statement:

“Bottomline results were unexpected and reflect the unusual environment. U.S. inflation levels, particularly in food and fuel, created more pressure on margin mix and operating costs than we expected. We’re adjusting and will balance the needs of our customers for value with the need to deliver profit growth for our future.”

1. Sea Limited (NYSE:SE)

Number of Hedge Fund Holders: 108

Shares of Sea Limited (NYSE:SE) rose over 14 percent on Tuesday, May 17, 2022, after posting a narrower-than-expected loss for the first quarter. The Singapore-based consumer internet company reported an adjusted loss of 80 cents per share, compared to analysts’ average estimate for a loss of $1.17 per share.

Revenue for the quarter climbed 64.4 percent versus last year to $2.9 billion, against the consensus of $2.8 billion. Sea Limited (NYSE:SE) also released its segment-wise sales results. Its e-commerce revenue climbed 64.4 percent to $1.5 billion, digital entertainment revenue jumped 45.3 percent to $1.1 billion and digital financial services revenue skyrocketed 359.9 percent to $236 million in the quarter.

For the full year, Sea Limited (NYSE:SE) revised its e-commerce sales guidance, citing macro uncertainties. The company now anticipates revenue in the range of $8.5 – $9.1 billion, versus its previous outlook of $8.9 billion – $9.1 billion.

You can also take a peek at 11 Best Video Game Stocks To Invest In and 10 Favorite Stocks of Dan Loeb’s Third Point.

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