5 Companies Under Investors’ Radar After Releasing their Earnings Reports

In this article, we discuss the 5 companies under investors’ radar after releasing their earnings reports. If you want to read our detailed analysis of these companies, go directly to the 10 Companies Under Investors’ Radar After Releasing their Earnings Reports.  

5. GoodRx Holdings, Inc. (NASDAQ:GDRX)

Number of Hedge Fund Holders: 35

Shares of GoodRx Holdings, Inc. (NASDAQ:GDRX) plunged to an all-time low in the pre-market trading session on Tuesday, March 1, 2022, following its disappointing financial performance for the fourth quarter.

GoodRx Holdings, Inc. (NASDAQ:GDRX) reported adjusted earnings of 9 cents per share on revenue of $213.3 million. The results fell short of the consensus forecast of 10 cents per share for earnings and $218 million for revenue.

Looking forward, GoodRx Holdings, Inc. (NASDAQ:GDRX) expects to generate revenue of approx. $200 million for the first quarter, translating to a growth of 25 percent over the comparable quarter of 2021.

Addressing shareholders in a letter, GoodRx Holdings, Inc. (NASDAQ:GDRX) said:

“We are excited about the opportunities in 2022 and beyond. When you’re a patient’s trusted advocate, you’ve earned the right to help patients navigate their entire healthcare journey. We believe there are still many adjacent categories for GoodRx to enter within the massive $4 trillion U.S. healthcare market, and we will approach each opportunity with the goal of making healthcare easier, more transparent, and more affordable for Americans.”

4. HP Inc. (NYSE:HPQ)

Number of Hedge Fund Holders: 39

Shares of HP Inc. (NYSE:HPQ) turned red in the pre-market trading session on Tuesday, March 1, 2022, even after reporting its fiscal first-quarter profit and sales above expectations. The California-based tech company earned $1.10 per share on an adjusted basis, compared to 92 cents per share in the year-ago quarter. Analysts were looking for earnings of $1.02 per share.

Revenue for the quarter rose 8.8 percent versus last year to $17 billion and exceeded the consensus of $16.5 billion. HP Inc. (NYSE:HPQ) also disclosed its segment-wise sales performance. Its personal systems revenue jumped 15 percent to $12.2 billion, while printing revenue slipped 4 percent to $4.8 billion in the quarter.

Looking forward, HP Inc. (NYSE:HPQ) expects adjusted earnings in the range of $1.02 – $1.08 per share for the current quarter. The company also lifted its fiscal 2022 adjusted earnings guidance to a range of $4.18 – $4.38 per share.

3. Ambarella, Inc. (NASDAQ:AMBA)

Number of Hedge Fund Holders: 40

Shares of Ambarella, Inc. (NASDAQ:AMBA) plummeted to a nearly six-month low in the pre-market trading session on Tuesday, March 1, 2022, despite beating analysts’ expectations for its fiscal fourth quarter.

Ambarella, Inc. (NASDAQ:AMBA) reported adjusted earnings of 45 cents per share, up from 14 cents per share in the same period last year. The numbers were also higher than the consensus of 42 cents per share.

In addition, revenue for the quarter climbed 45 percent on a year-over-year basis to $90.2 million and exceeded the expectations of $90.16 million. Looking forward, Ambarella, Inc. (NASDAQ:AMBA) expects revenue of $88.5 – $91.5 million for its fiscal first quarter.

Discussing the results, CEO Fermi Wang said in a statement:

“Fiscal 2022 was an inflection year with record revenue and numerous milestones achieved. Computer vision revenue tripled and exceeded 25% of total revenue, driving our blended average selling price higher and fueling expansion of non-GAAP operating margin from 4% in fiscal 2021 to 19% in fiscal 2022.”

2. Zoom Video Communications, Inc. (NASDAQ:ZM)

Number of Hedge Fund Holders: 48

Zoom Video Communications, Inc. (NASDAQ:ZM) recently announced better-than-expected financial results for its fiscal fourth quarter. However, its sales outlook for the current quarter and full-year was below estimates, sending its shares down nearly two percent in the pre-market trading session on Tuesday, March 1, 2022.

The cloud-based video conferencing platform earned $1.29 per share on an adjusted basis, topping expectations of $1.06 per share. In addition, Zoom Video Communications, Inc. (NASDAQ:ZM) posted revenue of $1.07 billion, beating analysts’ average estimate of $1.05 billion.

Moving forward, Zoom Video Communications, Inc. (NASDAQ:ZM) projected revenue of $1.07 – $1.075 billion for the current quarter and between $4.53 – $4.55 billion for the full year. The guidance missed the consensus of $1.1 billion for Q1 and $4.71 billion for its FY 2023.

Commenting on the quarter, CEO Eric Yuan said:

“In fiscal year 2022, we delivered strong results with total revenue of more than $4 billion growing 55% year over year along with increased profitability and operating cash flow growth as our global customer base continued to grow and find new use cases for our broadening communications platform.”

1. Workday, Inc. (NASDAQ:WDAY)

Number of Hedge Fund Holders: 74

Shares of Workday, Inc. (NASDAQ:WDAY) rose to a nearly one-month high in the pre-market trading session on Tuesday, March 1, 2022, after delivering impressive financial results for its fiscal fourth quarter.

Workday, Inc. (NASDAQ:WDAY) reported adjusted earnings of 78 cents per share, up from 73 cents per share in the year-ago period. Revenue for the quarter came in at $1.38 billion, compared to $1.13 billion in the same quarter last year.

Subscription revenue for the quarter jumped 22 percent to $1.23 billion. Analysts expected Workday, Inc. (NASDAQ:WDAY) to report earnings of 71 cents per share on $1.36 billion in revenues.

Looking forward, Workday, Inc. (NASDAQ:WDAY) raised its FY 2023 subscription revenue guidance to a range of $5.530 – $5.550 billion.

Speaking on the results, co-CEO Aneel Bhusri said:

“We closed out the year with another strong quarter that saw continued acceleration of our business, including a growing global workforce and a relentless focus on employees, customers, and innovation. We continue to see increasing demand for our broad suite of finance and HR solutions, as we help some of the world’s largest organizations – and more than 60 million users – navigate the changing world of work.”

You can also take a peek at 10 Best Financial Services Stocks to Buy Now and 10 Undervalued Dividend Kings To Buy In 2022.

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