In this article, we discuss the 5 notable earnings reports to watch. If you want to read our detailed analysis of these companies, go directly to the 10 Notable Earnings Reports to Watch.
5. Alcoa Corporation (NYSE:AA)
Number of Hedge Fund Holders: 44
Shares of Alcoa Corporation (NYSE:AA) rose over two percent in the after-hours trading session on Wednesday, January 19, 2022, after delivering impressive financial results for the fourth quarter.
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Alcoa Corporation (NYSE:AA) reported adjusted earnings of $2.50 per share, significantly higher than 26 cents per share in the year-ago quarter. Revenue came in at $3.34 billion, up from $2.39 per share in the comparable period of 2020.
The results were mainly driven by higher alumina and aluminum prices. Analysts were expecting Alcoa Corporation (NYSE:AA) to report earnings of $1.96 per share on revenue of $3.36 billion.
Commenting on the quarter, CEO of Alcoa Corporation (NYSE:AA), Roy Harvey, said:
“We had a transformative year in 2021; we posted our highest ever annual net income, returned cash to our stockholders and significantly reduced our debt and pension obligations.”
4. Union Pacific Corporation (NYSE:UNP)
Number of Hedge Fund Holders: 63
Shares of Union Pacific Corporation (NYSE:UNP) slightly moved up in the pre-market trading session on Thursday, January 20, 2022, after announcing better-than-expected financial results for the fourth quarter.
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Union Pacific Corporation (NYSE:UNP) earned $2.66 per share for the quarter, up from $2.05 per share in the comparable period of 2020. Revenue jumped 11.5 percent on a year-over-year basis to $5.73 billion, as the company benefitted from higher shipments during the quarter. The results exceeded analysts’ average estimate of $2.61 per share for earnings and $5.60 billion for revenue.
Speaking on the results, CEO of Union Pacific Corporation (NYSE:UNP), Lance Fritz, said:
“Although uncertainty remains around COVID variants and supply chain disruptions, we see a positive demand environment in 2022 and continued traction from business development efforts driving growth as we deliver value to all our stakeholders.”
3. Morgan Stanley (NYSE:MS)
Number of Hedge Fund Holders: 65
Shares of Morgan Stanley (NYSE:MS) closed higher on Wednesday, January 19, 2022, after surpassing profit expectations for the fourth quarter. The New York-based global investment bank reported earnings of $2.01 per share, up from $1.81 per share in the year-ago quarter and above expectations of $1.94 per share.
In addition, Morgan Stanley (NYSE:MS) posted revenue of $14.524 billion for the quarter, compared to $13.597 billion in the same period of 2020. Analysts were looking for revenue of $14.558 billion.
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If we look at the performance of key business divisions of Morgan Stanley (NYSE:MS), the Institutional Securities unit generated revenue of $6.7 billion, slightly below $7.0 billion in the year-ago quarter.
In comparison, revenue from the Wealth Management segment increased to $6.3 billion versus $5.7 billion in the comparable period of 2020, while Investment Management revenue jumped to $1.8 billion from $1.1 billion a year earlier.
Discussing the results, CEO of Morgan Stanley (NYSE:MS), James Gorman, said in a statement:
“2021 was an outstanding year for our Firm. We delivered record net revenues of $60 billion and a ROTCE of 20%, with stand-out results in each of our business segments. Wealth Management grew client assets by nearly $1 trillion to $4.9 trillion this year, with $438 billion in net new assets. Combined with Investment Management, we now have $6.5 trillion in client assets.”
2. The Procter & Gamble Company (NYSE:PG)
Number of Hedge Fund Holders: 69
Shares of The Procter & Gamble Company (NYSE:PG) rose over three percent on Wednesday, January 19, 2022, after announcing better-than-expected financial results for its fiscal second quarter.
The Procter & Gamble Company (NYSE:PG) reported earnings of $1.66 per share, up from $1.47 per share in the year-ago quarter. Revenue came in at $20.95 billion, compared to $19.75 billion in the same period of 2020. The results surpassed the consensus forecast of $1.65 per share for earnings and $20.34 billion for revenue.
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The Ohio-based consumer giant also raised the sales outlook for its FY 2022. The Procter & Gamble Company (NYSE:PG) now expects its revenue to grow in the range of 3 – 4 percent, compared to its previous projection of 2 – 4 percent growth.
Commenting on the quarter, CEO of The Procter & Gamble Company (NYSE:PG), Jon Moeller, said:
“We delivered very strong top-line growth and made sequential progress on earnings in the face of significant cost headwinds. These results keep us on track to deliver our earnings outlook and to raise estimates for sales growth, cash productivity and cash return to shareowners.”
1. UnitedHealth Group Incorporated (NYSE:UNH)
Number of Hedge Fund Holders: 95
UnitedHealth Group Incorporated (NYSE:UNH) is the biggest healthcare insurer in the U.S. in terms of market capitalization. The company recently came into the spotlight after announcing solid profit and sales for the fourth quarter.
The company reported adjusted earnings of $4.48 per share for the three months ended December 31, 2021, significantly higher than $2.52 in the comparable period of 2020. In addition, UnitedHealth Group Incorporated (NYSE:UNH) posted revenue of $73.74 billion, translating to a year-over-year basis surge of 12.6 percent.
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Analysts were expecting UnitedHealth Group Incorporated (NYSE:UNH) to report earnings of $4.30 per share on revenue of $72.98 billion. UnitedHealth shares rose for two consecutive trading sessions following the latest quarterly performance.
The Minnesota-based health insurer also announced its financial outlook for 2022. UnitedHealth Group Incorporated (NYSE:UNH) expects adjusted earnings in the range of $21.10 – $21.60 per share, compared to expectations of $21.63.
In addition, revenue for the full year is expected to come between $317 billion – $320 billion, in line with analysts’ average estimate of $316.8 billion.
Speaking on the results, CEO Andrew Witty said:
“Our strong 2021 performance and confident growth outlook for 2022 and beyond reflect the accelerating innovation and expanding capabilities across Optum and UnitedHealthcare.”
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