5 Stocks Gaining Attention After Posting Their Quarterly Results

In this article, we discuss the 5 stocks gaining attention after posting their quarterly results. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks Gaining Attention After Posting Their Quarterly Results.

5. Kimberly-Clark Corporation (NYSE:KMB)

Number of Hedge Fund Holders: 37

Shares of Kimberly-Clark Corporation (NYSE:KMB) fell over two percent on Monday, 25 October 2021, after its third quarter profit missed expectations. The maker of paper-based consumer products reported adjusted earnings of $1.62 per share, down from $1.72 per share in the comparable period of 2020.

Revenue came in at $5.01 billion, compared to $4.68 billion in the same period last year. Analysts were expecting Kimberly-Clark Corporation (NYSE:KMB) to report earnings of $1.65 per share on revenue of $4.99 billion.

If we look at the performance of key business divisions, revenue from the personal care segment jumped 14 percent to $2.7 billion, while revenue from the consumer tissue segment slipped five percent to $1.5 billion.

Discussing the results, CEO Mike Hsu said:

“Our earnings were negatively impacted by significant inflation and supply chain disruptions that increased our costs beyond what we anticipated.  We are taking further action, including additional pricing and enhanced cost management, to mitigate these headwinds as it is becoming clear they are not likely to be resolved quickly.”

Kimberly-Clark Corporation (NYSE:KMB) also slashed its profit outlook for the full year. The company now expects to report adjusted earnings in the range of $6.05 – $6.25 per share, versus its previous forecast of $6.65 – $6.90. The updated outlook is also below the consensus forecast of $6.70 per share.

4. Universal Health Services, Inc. (NYSE:UHS)

Number of Hedge Fund Holders: 41

Shares of Universal Health Services, Inc. (NYSE:UHS) slipped nearly three percent in the after-hours trading session on Monday, 25 October 2021, after posting a lower-than-expected profit for the third quarter.

The provider of healthcare services reported adjusted earnings of $2.67 per share, missing the consensus forecast of $2.75 per share. Revenue came in at $3.156 billion, just ahead of analysts’ average estimate of $3.10 billion. Universal Health Services, Inc. (NYSE:UHS) had posted adjusted earnings of $2.88 per share on revenue of $2.913 billion for the comparable quarter of 2020.

Universal Health Services, Inc. (NYSE:UHS) said adjusted admissions at its acute care hospitals in the quarter increased 12.4 percent on a year-over-year basis. In comparison, adjusted admissions at its behavioral health care facilities in the quarter slipped 2.7 percent versus last year.

3. Otis Worldwide Corporation (NYSE:OTIS)

Number of Hedge Fund Holders: 45

Shares of Otis Worldwide Corporation (NYSE:OTIS) dropped four percent on Monday, 25 October 2021, despite beating expectations for the third quarter. The New York-based escalator manufacturer reported adjusted earnings of 77 cents per share, up from 69 cents per share in the year-ago quarter.

In addition, Otis Worldwide Corporation (NYSE:OTIS) posted revenue of $3.62 billion, compared to $3.27 billion in the same period last year. The results exceeded the consensus forecast of 73 cents per share for earnings and $3.55 billion for revenue.

Otis Worldwide Corporation (NYSE:OTIS) also raised its profit outlook for the full year. It expects adjusted earnings of about $2.95 per share versus its previous forecast between $2.89 – $2.93 per share.

CEO Judy Marks expressed his satisfaction with the results. Marks said in a statement:

“Otis delivered another strong quarter with sales growth and margin expansion in both segments, a 3% increase in maintenance portfolio units and the third consecutive quarter of New Equipment orders growth. We also generated robust cash flow enabling us to buy back $725 million of shares year-to-date and announced a tender offer to acquire the remaining interest in Zardoya Otis, a decision that will streamline management and create value for shareholders.”

2. United Parcel Service, Inc. (NYSE:UPS)

Number of Hedge Fund Holders: 52

Shares of United Parcel Service, Inc. (NYSE:UPS) rose more than three percent in the pre-market trading session on Tuesday, 26 October 2021, after delivering impressive financial results for the third quarter.

The Georgia-based package delivery giant posted adjusted earnings of $2.71 per share, up 18.9 percent from the comparable period of 2020. In addition, revenue for the quarter rose 9.2 percent on a year-over-year basis. Analysts were expecting United Parcel Service, Inc. (NYSE:UPS) to report adjusted earnings of $2.55 per share on revenue of $23.2 billion.

If we compare the performance of key business units, domestic segments’ revenue rose 7.4 percent versus last year to $14.21 billion, while the international segment’s revenue jumped 15.5 percent to 4.72 billion. In comparison, revenue from the supply chain solutions segment increased 8.4 percent to $4.26 billion.

1. Facebook, Inc. (NASDAQ:FB)

Number of Hedge Fund Holders: 266

Facebook, Inc. (NASDAQ:FB) shares rose over two percent in the pre-market trading session on Tuesday, 26 October 2021, after the company announced a better-than-expected profit for the third quarter. The social network giant earned $3.22 per share in the quarter, beating the consensus forecast of $3.19 per share.

Revenue for the quarter came in at $29.01 billion, just below the consensus forecast of $29.49 billion. Facebook, Inc. (NASDAQ:FB) had reported earnings of $2.71 per share on revenue of $21.47 billion for the comparable period of 2020.

If we look at the key growth indicators, daily active users (DAUs) in the quarter increased six percent on a year-over-year basis to 1.93 billion, while monthly active users (MAUs) also rose six percent to 2.91 billion. In addition, Facebook, Inc. (NASDAQ:FB) announced that it repurchased $14.37 billion worth of shares during the quarter.

Speaking on the results, CEO Mark Zuckerberg said:

“We made good progress this quarter across a number of product priorities, and our community continues to grow. There are now almost 3.6 billion people who actively use one or more of our services, and I’m excited about our roadmap to keep building great new experiences for them.”

Facebook, Inc. (NASDAQ:FB) also issued its revenue outlook for the fourth quarter. It expects revenue in the range of $31.5 billion – $34 billion, slightly below the consensus forecast of $34.8 billion.

You can also take a peek at 12 Best Software Stocks To Buy According To Hedge Funds and 11 Best Dividend Aristocrats with over 3% Yield.

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