5 Stocks in Focus After Posting Their Earnings Reports

In this article, we discuss the 5 stocks in focus after posting their earnings reports. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks in Focus After Posting Their Earnings Reports.  

5. Teladoc Health, Inc. (NYSE:TDOC)

Number of Hedge Fund Holders: 39

Teladoc Health, Inc. (NYSE:TDOC) recently announced better-than-expected financial results for the fourth quarter. However, its first-quarter outlook was below expectations, sending its shares down nearly six percent on Wednesday, February 23, 2022.

The telemedicine company reported a loss of 7 cents per share, narrower than the loss of $3.07 per share in the same period of 2020. Analysts expected Teladoc Health, Inc. (NYSE:TDOC) to report a loss of 56 cents per share.

Revenue for the quarter jumped 45 percent on a year-over-year basis to $554.2 million, topping expectations of $545.61 million. Teladoc Health, Inc. (NYSE:TDOC) also released its segment-wise sales figures. Its access fees revenue for the quarter climbed 51 percent to $469.9 million, while visit fee revenue rose 21 percent to $68.9 million.

Looking forward, Teladoc Health, Inc. (NYSE:TDOC) guided for a loss in the range of 60 – 50 cents per share and revenue between $565 – $571 million for the first quarter. The outlook missed analysts’ average estimate for a loss of 51 cents per share on revenue of $588.94 million.

4. Agilent Technologies, Inc. (NYSE:A)

Number of Hedge Fund Holders: 41

Shares of Agilent Technologies, Inc. (NYSE:A) recently fell to a nearly one-year low despite posting its fiscal first-quarter profit and sales above expectations. The company earned $1.21 per share in the quarter, up from $1.06 per share in the year-ago period.

In addition, Agilent Technologies, Inc. (NYSE:A) posted revenue of $1.67 billion, translating to a surge of 8 percent on a year-over-year basis. The results exceeded analysts’ average estimate of $1.03 per share for earnings and $1.46 billion for revenue.

Agilent Technologies, Inc. (NYSE:A) also issued the financial outlook for its fiscal second quarter. It expects adjusted earnings in the range of $1.10 – $1.12 per share and revenue between $1.59 – $1.62 billion for the current quarter.

In addition, Agilent Technologies, Inc. (NYSE:A) raised its FY 2022 outlook to a range of $6.67 – $6.73 billion, representing a surge between 5.6 – 6.5 percent over last year.

Commenting on the quarter, CEO Mike McMullen said:

“Building on our first quarter results, combined with a strong order book, we are raising our full year outlook, increasing our core growth and non-GAAP EPS expectations. The Agilent portfolio and team have never been stronger. I’m confident we will continue our outstanding execution for the remainder of the year.”

3. RingCentral, Inc. (NYSE:RNG)

Number of Hedge Fund Holders: 47

Shares of RingCentral, Inc. (NYSE:RNG) recently hit a new 52-week low even after delivering solid profit and sales for the fourth quarter. The company reported adjusted earnings of 39 cents per share, topping expectations of 37 cents per share.

Revenue for the quarter rose 34 percent on a year-over-year basis to $448 million, exceeding the consensus of $434.94 million. Subscription revenue jumped 37 percent to $420 million and represented more than 90 percent of the total quarterly sales.

Looking forward, RingCentral, Inc. (NYSE:RNG) expects adjusted earnings of around 34 cents per share for the first quarter. Moreover, revenue for the same period is expected to come in between $455 – $459 million, translating to a surge between 29 – 30 percent over last year.

Discussing the results, CEO of RingCentral, Inc. (NYSE:RNG), Vlad Shmunis, said:

“Fourth quarter results were outstanding, driven by continued momentum with upmarket customers and ramping contributions from our key partners. Our commitment to innovation is driving a rapid pace of new, business-oriented capabilities across our RingCentral Message Video Phone and integrated cloud contact center solutions, and we’ve meaningfully expanded our differentiated market access with our newest exclusive strategic partner, Mitel.”

2. The TJX Companies, Inc. (NYSE:TJX)

Number of Hedge Fund Holders: 56

Shares of The TJX Companies, Inc. (NYSE:TJX) plunged to a nearly 15-month on Wednesday, February 23, 2022, after the Massachusetts-based off-price retail giant failed to meet profit and sales expectations for its fiscal fourth quarter.

The TJX Companies, Inc. (NYSE:TJX) earned 78 cents per share, up from 27 cents per share in the year-ago period. Revenue for the quarter rose 27 percent on a year-over-year basis to $13.9 billion. The results missed the consensus forecast of 91 cents per share for earnings and $14.26 billion for revenue.

The TJX Companies, Inc. (NYSE:TJX) also released its earnings outlook for the first quarter. It guided for earnings in the range of 58 – 61 cents per share, in line with analysts’ average estimate of 59 cents per share.

Speaking on the results, CEO Ernie Herrman said in a statement:

“Our home businesses across all of our divisions delivered phenomenal open-only comp store sales performance, and overall apparel open-only comp store sales increased high-single digits in Fiscal 2022. While freight and wage cost pressures remain elevated, we are pleased that our retail pricing strategy is working very well.”

1. Lowe’s Companies, Inc. (NYSE:LOW)

Number of Hedge Fund Holders: 72

Shares of Lowe’s Companies, Inc. (NYSE:LOW) slightly moved up on Wednesday, February 23, 2022, following its upbeat financial performance for the fourth quarter. The home improvement retailer earned $1.78 per share, compared to $1.32 per share in the fourth quarter of 2020.

Revenue for the quarter improved 5 percent versus last year to $21.3 billion. Analysts were expecting Lowe’s Companies, Inc. (NYSE:LOW) to report earnings of $1.70 per share on revenue of $20.87 billion.

Looking forward, Lowe’s Companies, Inc. (NYSE:LOW) lifted its FY 2022 earnings outlook to a range of $13.10 – $13.60 per share, compared to its earlier projection between $12.25 – $13 per share. The revised outlook is above the consensus of $12.94 per share.

Discussing the results, CEO Marvin Ellison said in a statement:

“In 2021, we increased comparable sales by 6.9% while generating over 170 basis points of operating margin improvement, with our relentless focus on productivity and enhanced pricing strategies.  We remain confident in the long-term strength of the home improvement market, and our ability to expand operating margin.”

You can also take a peek at Jim Cramer’s Top 10 Stock Picks for 2022 and Top 10 Stock Picks of Thomas Bancroft’s Makaira Partners.

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