5 Stocks in Focus After Posting Their Financial Results

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

5. HP Inc. (NYSE:HPQ)

Number of Hedge Fund Holders: 34

Shares of HP Inc. (NYSE:HPQ) jumped more than 10 percent, hitting a nearly seven-month high on Wednesday, 24 November 2021, after its fiscal fourth-quarter profit and sales came in above expectations.

HP Inc. (NYSE:HPQ) reported adjusted earnings of 94 cents per share, up from 62 cents per share in the comparable period of 2020. Analysts were looking for earnings of 88 cents per share.

Revenue for the quarter rose nine percent on a year-over-year basis to $16.7 billion, beating the consensus forecast of $15.39 billion. Revenue from the personal systems segment rose 13 percent versus last year to $11.8 billion. On the downside, revenue from the printing segment remained nearly flat at $4.9 billion.

HP Inc. (NYSE:HPQ) also released the profit outlook for its fiscal first quarter and full year. The company expects adjusted earnings in the range of 99 cents – $1.05 per share for the current quarter. For its FY 2022, it expects adjusted earnings between $4.07 – $4.27 per share.

Speaking on the results, CEO Enrique Lores said:

“Our results reflect a growth-oriented company on its front foot and hitting its stride. We delivered a very strong quarter to close out an exceptional year of double-digit revenue, operating profit and EPS growth while returning record levels of capital to shareholders.”

4. Dollar Tree, Inc. (NASDAQ:DLTR)

Number of Hedge Fund Holders: 38

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) hit an all-time high of $149.37 on Wednesday, 24 November 2021, after announcing its financial results for the third quarter. The operator of discount variety stores earned 96 cents per share in the quarter, compared to $1.39 per share in the same period of 2020.

Revenue for the quarter rose 3.9 percent on a year-over-year basis to $6.42 billion. Analysts were expecting Dollar Tree, Inc. (NASDAQ:DLTR) to post earnings of 96 cents per share on revenue of $6.41 billion.

The company also released its financial outlook for the fourth quarter. Dollar Tree, Inc. (NASDAQ:DLTR) expects earnings in the range of $1.69 – $1.79 per share and revenue between $7.02 – $7.18 billion.

Discussing the results, CEO Michael Witynski said:

“We experienced a strong finish to the quarter, as shoppers are increasingly focused on value in this inflationary environment. Our Dollar Tree pricing tests have demonstrated broad consumer acceptance of the new price point and excitement about the additional offerings and extreme value we will be able to provide.”

3. Deere & Company (NYSE:DE)

Number of Hedge Fund Holders: 54

Shares of Deere & Company (NYSE:DE) rose over five percent on Wednesday, 24 November 2021, after delivering solid profit and sales for its fiscal fourth quarter. The agricultural machinery and equipment maker earned $4.12 per share in the quarter, well above $2.39 per share in the comparable period of 2020.

In addition, Deere & Company (NYSE:DE) posted revenue of $11.33 billion, up 16 percent versus the year-ago quarter. The results easily surpassed the consensus forecast of $3.91 per share for earnings and $10.46 billion for revenue.

Looking forward, Deere & Company (NYSE:DE) expects earnings in the range of $6.5 to $7 billion for its fiscal year 2022, in line with the consensus forecast of $6.77 billion.

Commenting on the quarter, CEO John May said in a statement:

“Our results reflect strong end-market demand and our ability to continue serving customers while managing supply-chain issues and conducting contract negotiations with our largest union.”

2. Dell Technologies Inc. (NYSE:DELL)

Number of Hedge Fund Holders: 60

Shares of Dell Technologies Inc. (NYSE:DELL) hit a one-month high on Wednesday, 24 November 2021, after announcing impressive financial results for the third quarter, driven by growth across all key businesses.

Dell Technologies Inc. (NYSE:DELL) reported adjusted earnings of $2.37 per share, compared to $2.03 in the same period of 2020. Analysts were looking for earnings of $2.30 per share. In addition, revenue for the quarter climbed 21 percent on a year-over-year basis to $28.4 billion, beating the consensus forecast of $27.37 billion.

If we break down the total sales by segments, revenue from the client solutions group climbed 35 percent on a year-over-year basis to $16.5 billion. In comparison, revenue from the infrastructure solutions group rose five percent to $8.4 billion, while VMware revenue jumped 10 percent to $3.2 billion in the quarter.

1. Autodesk, Inc. (NASDAQ:ADSK)

Number of Hedge Fund Holders: 60

Shares of Autodesk, Inc. (NASDAQ:ADSK) plummeted more than 15 percent on Wednesday, 24 November 2021, despite beating expectations for the third quarter. The company reported adjusted earnings of $1.33 per share, up from $1.04 per share in the year-ago quarter.

Revenue for the quarter jumped 18 percent on a year-over-year basis to $1.13 billion. The surge was mainly driven by strong design revenue, which climbed 17 percent versus last year to $994 million. Analysts were expecting Autodesk, Inc. (NASDAQ:ADSK) to post earnings of $1.26 per share on total revenue of $1.12 billion

The company also narrowed its profit outlook for the full year. Autodesk, Inc. (NASDAQ:ADSK) now expects adjusted earnings in the range of $4.98 – $5.04 per share, compared to its earlier guidance of $4.91 – $5.06 per share.

Speaking on the results, CFO Debbie Clifford said:

“Demand was robust in Q3, driving strong new subscriptions growth and renewal rates. We expect it to remain so in Q4. However, supply chain disruption and resulting inflationary pressures, a global labor shortage, and the ebb and flow of COVID, are impacting the pace of our recovery and outlook.”

You can also take a peek at Top 10 Stocks to Invest in According to Alan Fournier’s Pennant Capital and Top 10 Stock Picks of Brandon Osten’s Venator Capital Management.

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