5 Stocks Gaining Attention After Posting Earnings Reports

In this article, we discuss the 5 stocks gaining attention after posting earnings reports. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks Gaining Attention After Posting Earnings Reports.

5. Raytheon Technologies Corporation (NYSE:RTX)

Number of Hedge Fund Holders: 48

Shares of Raytheon Technologies Corporation (NYSE:RTX) fell over three percent in the pre-market trading session on Tuesday, January 25, 2022, after announcing lower-than-expected sales for the fourth quarter.

Raytheon Technologies Corporation (NYSE:RTX) reported adjusted earnings of $1.08 per share, beating expectations of $1.02 per share. Revenue for the quarter came in at $17 billion, slightly behind analysts’ average estimate of $17.26 billion.

The aerospace and defense conglomerate also issued its financial outlook for 2022. Raytheon Technologies Corporation (NYSE:RTX) expects adjusted earnings in the range of $4.60 – $4.80 per share and revenue between $68.5 – $69.5 billion.

Speaking on the results, CEO of Raytheon Technologies Corporation (NYSE:RTX), Greg Hayes, said:

“We closed the year on a strong note with full year adjusted EPS and free cash flow significantly exceeding the outlook we set a year ago. We also exceeded our cost synergy target for the year, delivered margin expansion across our businesses and returned $5.3 billion of capital to shareowners including the repurchase of $2.3 billion of RTX shares, demonstrating strong execution against our strategy and operational initiatives in 2021.”

4. General Electric Company (NYSE:GE)

Number of Hedge Fund Holders: 53

General Electric Company (NYSE:GE) reported better-than-expected earnings for the fourth quarter. However, its revenue fell short of expectations, sending its shares down more than six percent in the pre-market trading session on Tuesday, January 25, 2022.

The company earned 92 cents per share on an adjusted basis, significantly higher than 58 cents per share in the year-ago quarter. Analysts were expecting General Electric Company (NYSE:GE) to post earnings of 87 cents per share.

In addition, General Electric Company (NYSE:GE) posted revenue of $20.3 billion, down 3 percent on a year-over-year basis and below expectations of $21.5 billion.

Looking at the performance of its key business units, power revenue fell 13 percent to $4.66 billion, healthcare revenue slipped 4.1 percent to $4.63 billion and renewable energy revenue declined 5.6 percent to $4.19 billion. On the bright side, aviation revenue rose 4 percent to $6.08 billion in the quarter.

Commenting on the quarter, CEO of General Electric Company (NYSE:GE), H. Lawrence Culp, said:

“We’re seeing real momentum and opportunities for sustainable profitable growth from near-term improvements in GE’s businesses, especially as Aviation recovers and our end markets strengthen.”

3. NextEra Energy, Inc. (NYSE:NEE)

Number of Hedge Fund Holders: 53

Shares of NextEra Energy, Inc. (NYSE:NEE) turned red in the pre-market trading session on Tuesday, January 25, 2022, after posting its fourth-quarter revenue below expectations. The energy company generated revenue of $5.05 billion, significantly lower than the consensus forecast of $6.26 billion.

In addition, NextEra Energy, Inc. (NYSE:NEE) reported adjusted earnings of 41 cents per share, slightly higher than 40 cents per share in the year-ago quarter and above analysts’ average estimate of 39 cents per share.

The company also increased its earnings outlook for 2022. NextEra Energy, Inc. (NYSE:NEE) now expects adjusted earnings in the range of $2.75 – $2.85 per share, compared to its previous outlook of $2.55 – $2.75 per share.

Discussing the results, CEO of NextEra Energy, Inc. (NYSE:NEE), Jim Robo, said:

“We delivered this terrific performance while executing on the largest capital program in our history, investing approximately $16 billion in American infrastructure in 2021, and maintaining one of the strongest balance sheets and credit positions in our industry.”

2. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 57

Shares of Verizon Communications Inc. (NYSE:VZ) slightly moved up in the pre-market trading session on Tuesday, January 25, 2022, after beating profit and sales expectations for the fourth quarter.

Verizon Communications Inc. (NYSE:VZ) earned $1.31 per share on an adjusted basis, up from $1.21 per share in the year-ago quarter. Revenue came in at $34.1 billion, down nearly two percent from the comparable period of 2020. The results surpassed analysts’ average estimate of $1.29 per share for earnings and $33.9 billion for revenue.

The company also issued its financial outlook for 2022. Verizon Communications Inc. (NYSE:VZ) expects adjusted earnings in the range of $5.40 – $5.55 per share for the full year.

Commenting on the quarter, CFO of Verizon Communications Inc. (NYSE:VZ), Matt Ellis, said:

“Our financial discipline enabled us to deliver attractive service revenue growth and profitability this quarter as we expanded our portfolio with the TracFone acquisition and saw strong demand for our products and services. In 2021 we delivered on raised adjusted EPS* expectations, grew revenue, achieved our $10 billion cost savings goal, and funded our C-Band spectrum investment.”

1. American Express Company (NYSE:AXP)

Number of Hedge Fund Holders: 57

Shares of American Express Company (NYSE:AXP) rose nearly four percent in the early trading Tuesday, January 25, 2022, after delivering impressive financial results for the fourth quarter.

American Express Company (NYSE:AXP) reported adjusted earnings of $2.18 per share, compared to $1.76 per share in the year-ago quarter. Analysts were looking for earnings of $1.86 per share.

Revenue for the quarter jumped 30 percent versus last year to $12.15 billion, beating expectations of $11.54 billion. Revenue from the global consumer services group rose 23 percent to $6.9 billion, while global commercial services revenue jumped 30 percent to $3.6 billion. In comparison, revenue from the global merchant and network services climbed 31 percent to $1.5 billion in the quarter.

Speaking on the results, CEO of American Express Company (NYSE:AXP), Stephen Squeri, said:

“Based on our new growth plan and the benefits we anticipate from an improving macro environment, we expect to generate elevated levels of revenue growth in 2022 in the range of 18 to 20 percent and earnings per share of $9.25 to $9.65. Longer term, as the economy reaches a steady state, our aspiration is to achieve revenue growth in excess of 10 percent and EPS growth in the mid-teens.”

You can also take a peek at 10 Notable Earnings Reports to Watch and Top 10 Stock Picks of Thomas Bancroft’s Makaira Partners.

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