11 Stocks Making Headlines After Earnings Reports

Published March 17, 2022 at 3:00 pm EDT Updated September 7, 2026 at 11:29 am EDT

In this article, we will take a look at the 11 stocks making headlines after earnings reports.

Notable companies from the technology sector, including SentinelOne, Inc. (NYSE:S), Smartsheet Inc. (NYSE:SMAR) and Coupa Software Incorporated (NASDAQ:COUP), recently grabbed investors’ attention after posting financial results for their respective quarters.

Shares of SentinelOne and Smartsheet rose on heavy volume following their upbeat financial performance, while Coupa Software stock plummeted to a nearly a three-year low after issuing a weak sales outlook.

Many other companies, including video-based social media platform JOYY Inc. (NASDAQ:YY) and building products maker Janus International Group, Inc. (NYSE:JBI), also came into the spotlight after releasing their financial results.

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Stocks Making Headlines After Earnings Reports

11. EverCommerce Inc. (NASDAQ:EVCM)

Number of Hedge Fund Holders: 11

Shares of EverCommerce Inc. (NASDAQ:EVCM) closed higher on Tuesday, March 15, 2022, despite posting mixed financial performance for the fourth quarter. The Denver-based service commerce platform reported a loss of 2 cents per share, narrower than the loss of $1.14 per share in the year-ago period.

Revenue for the quarter came in at $135.6 million, up 47 percent on a year-over-year basis. Analysts were expecting EverCommerce Inc. to report earnings of 7 cents per share on revenue of $130.41 million.

EverCommerce Inc. also issued its sales outlook for the current quarter and full year. The company guided for revenue in the range of $140 – $141 million for the first quarter and between $619 – $625 million for 2022.

10. Boxed, Inc. (NYSE:BOXD)

Number of Hedge Fund Holders: 15

Shares of Boxed, Inc. (NYSE:BOXD) turned red in the after-hours trading session on Tuesday, March 15, 2022, after posting a wider-than-expected loss for the fourth quarter. The online bulk grocery retailer reported a loss of $1.64 per share, higher than analysts’ average estimate for a loss of 23 cents per share.

On the bright side, Boxed, Inc. posted revenue of $45 million that surpassed the consensus of $4.184 million. Its retail revenue decreased 8.1 percent on a year-over-year basis to $39.7 million, while revenue from the software and services segment came in at $5.3 million.

Looking forward, Boxed, Inc. expects revenue in the range of $220 – $245 million for the current fiscal year. The outlook translates to a growth of 24 – 38 percent over 2021.

Like Boxed, Inc., investors are also closely watching SentinelOne, Inc., Smartsheet Inc. and Coupa Software Incorporated, following their earnings reports.

9. ANI Pharmaceuticals, Inc. (NASDAQ:ANIP)

Number of Hedge Fund Holders: 15

Shares of ANI Pharmaceuticals, Inc. (NASDAQ:ANIP) recently dropped to a nearly six-month low after announcing lower-than-expected profit for the fourth quarter. The Minnesota-based pharmaceutical company earned 54 cents per share on an adjusted basis, down from 80 cents per share in the year-ago period and below the consensus of 74 cents per share.

Revenue for the quarter rose 6.4 percent on a year-over-year basis to $60.9 million, topping expectations of $56.30 million. ANI Pharmaceuticals, Inc. also released its segment-wise sales performance. Revenue from its generic pharmaceutical products increased 8 percent to $41.6 million and accounted for nearly 70 percent of the total quarterly sales.

In comparison, revenue from branded pharmaceutical products decreased 7 percent to $14.7 million, while contract manufacturing revenue jumped 26 percent to $2.8 million in the quarter.

Speaking on the results, CEO of ANI Pharmaceuticals, Inc., Nikhil Lalwani, said in a statement:

“We are also pleased to have closed our acquisition of Novitium Pharma, which brings a world-class R&D engine to ANI. Since deal closure, our integrated team has launched eight new products, filed five new ANDAs, and initiated enhancement of R&D productivity and capture of procurement, distribution, and operational efficiencies. These achievements, together with the strengthening of our balance sheet through our debt refinancing and recent $75 million equity raise, position us well to deliver long-term sustainable growth.”

8. Sovos Brands, Inc. (NASDAQ:SOVO)

Number of Hedge Fund Holders: 17

Shares of Sovos Brands, Inc. (NASDAQ:SOVO) slipped nearly four percent on Tuesday, March 15, 2022, despite announcing better-than-expected profit and sales for its fiscal fourth quarter.

Sovos Brands, Inc. reported adjusted earnings of 13 cents per share, marginally below 14 cents per share in the same period of 2020. In addition, revenue for the quarter jumped 17 percent versus last year to $189.2 million.

The results topped analysts’ average estimate of 11 cents per share for earnings and $183.9 million for revenue. Looking forward, Sovos Brands, Inc. expects revenue in the range of $800 – $815 million for its fiscal year 2022.

7. JOYY Inc. (NASDAQ:YY)

Number of Hedge Fund Holders: 18

Shares of JOYY Inc. soared nearly 30 percent in the after-hours trading session on Tuesday, March 15, 2022, following its upbeat financial performance for the fourth quarter. The video-based social media platform attributed the solid results to increased revenue from its flagship app Bigo Live.

JOYY Inc. earned $1.15 per share on an adjusted basis, swinging from a loss of 28 cents per share in the comparable period of 2020. The numbers were also significantly higher than the consensus of 36 cents per share.

Revenue came in at $663.7 million, up 16.8 percent from the year-ago period and above expectations of $652.43 million. Live streaming revenue rose 15 percent on a year-over-year basis to $620.9 million and represented more than 90 percent of the total sales.

Looking forward, JOYY Inc. expects to generate revenue in the range of $601 – $616 million for the first quarter.

Like JOYY Inc., SentinelOne, Inc., Smartsheet Inc. and Coupa Software Incorporated also came into the spotlight after releasing their financial results.

6. DLocal Limited (NASDAQ:DLO)

Number of Hedge Fund Holders: 18

Shares of DLocal Limited (NASDAQ:DLO) rose over 10 percent on Tuesday, March 15, 2022, after delivering solid profit and sales for the fourth quarter. The financial technology company reported earnings of 8 cents per share, doubled from 4 cents per share in the year-ago period.

In addition, DLocal Limited posted revenue of $76.3 million, representing a massive surge of 120 percent over the same period of 2020. The results exceeded analysts’ average estimate of 7 cents per share for earnings and $74.2 million for revenue.

Addressing shareholders in a letter, DLocal Limited said:

“2021 was a record year. Our TPV almost tripled in 2021, surpassing the US$6 billion threshold, increasing by 193% year-over-year. Revenues for the year reached US$244 million, a 134% year-over-year growth, with an Adjusted EBITDA margin of 41%, compared to 40% in 2020.”

5. Janus International Group, Inc. (NYSE:JBI)

Number of Hedge Fund Holders: 21

Shares of Janus International Group, Inc. rose more than six percent on Tuesday, March 15, 2022, after beating profit and sales expectations for its fiscal fourth quarter. The maker of building products reported adjusted earnings of 14 cents per share, easily topping the consensus of 8 cents per share.

Revenue for the quarter climbed nearly 60 percent on a year-over-year basis to $235.4 million, driven by strong results across its sales channels. Analysts were expecting Janus International Group, Inc. to post revenue of $213.75 million.

Looking forward, Janus International Group, Inc. expects revenue in the range of $845 – $865 million for its current fiscal year. The midpoint of the guidance represents a growth of 14 percent over 2021.

Commenting on the quarter, CEO Ramey Jackson said:

“Our strong results capped off a highly successful, transformative year for Janus and our first as a public company. We generated substantial year-over-year revenue growth in the quarter from all of our sales channels, led again by particular strength in our R3 and Commercial and Other segments, and complimented by full-quarter contributions from the DBCI and ACT acquisitions completed earlier in 2021.”

4. SentinelOne, Inc. (NYSE:S)

Number of Hedge Fund Holders: 39

Shares of SentinelOne, Inc. climbed over 16 percent after the opening bell on Wednesday, March 16, 2022, after announcing better-than-expected financial results for its fiscal fourth quarter.

SentinelOne, Inc. reported an adjusted loss of 17 cents per share, narrower than the loss of 84 cents per share in the year-ago period. Revenue for the quarter climbed 120 percent on a year-over-year basis to $65.6 million. Analysts were looking for a loss of 18 cents per share on revenue of $60.7 million.

Among other updates, SentinelOne, Inc. announced that its total customers count climbed over 70 percent versus last year to 6,700. In addition, its adjusted gross margin stood at 66 percent in the quarter, compared to 54 percent in the same period last year.

For the current quarter, SentinelOne, Inc. guided for revenue in the range of $74 – $75 million. For its FY 2023, the company projected revenue between $366 – $370 million.

3. Vail Resorts, Inc. (NYSE:MTN)

Number of Hedge Fund Holders: 44

Shares of Vail Resorts, Inc. (NYSE:MTN) closed higher on Tuesday, March 15, 2022, despite missing profit and sales expectations for its fiscal second quarter. The mountain resort company earned $5.37 per share, below the consensus of $5.70 per share.

In addition, Vail Resorts, Inc. posted revenue of $906.5 million, up 32.4 percent on a year-over-year basis but behind analysts’ average estimate of $960.24 million. Lift revenue for the quarter rose 21.1 percent versus last year to $521.6 million and accounted for nearly 57 percent of the total sales.

Discussing the results, CEO of Vail Resorts, Inc., Ms Kirsten Lynch, said:

“We are pleased with our financial performance for the quarter. Visitation trends and demand for the experience at our resorts remain encouraging, particularly with destination guests, with results improving post-holidays as conditions improved, more terrain was opened and the impact of the COVID-19 Omicron variant receded.”

2. Smartsheet Inc. (NYSE:SMAR)

Number of Hedge Fund Holders: 59

Shares of Smartsheet Inc. turned green after the opening bell on Wednesday, March 16, 2022, following an upbeat financial performance for its fiscal fourth quarter. The Washington-based software company reported an adjusted loss of 12 cents per share, narrower than analysts’ average estimate for a loss of 15 cents per share.

Revenue for the quarter came jumped 43 percent on a year-over-year basis to $157.4 million, topping expectations of $151.66 million. Smartsheet Inc. also released its segment-wise sales performance. Its subscription revenue climbed 44 percent to $145.7 million, while professional services revenue rose 34 percent to $11.7 million in the quarter.

Looking forward, Smartsheet Inc. expects adjusted loss in the range of 20 – 18 cents per share and revenue between $162 – $163 million for the current quarter. The revenue guidance represents a growth of 38 – 39 percent over the same period last year.

Praising the results, CEO Mark Mader said:

“Our results this quarter cap off an incredible fiscal year at Smartsheet. We once again set new quarterly records for large deals and accelerated annual billings growth. Our momentum has never been stronger.”

1. Coupa Software Incorporated (NASDAQ:COUP)

Number of Hedge Fund Holders: 59

Shares of Coupa Software Incorporated recently plunged to a nearly three-year low after announcing a weak sales outlook for its fiscal first quarter. The California-based tech company guided for revenue in the range of $189 – $191 million for the current quarter, below analysts’ average estimate of $196 million.

The weak sales outlook overshadowed the company’s better-than-expected financial results for its fiscal fourth quarter. Coupa Software Incorporated reported adjusted earnings of 19 cents per share, up from 17 cents per share in the year-ago period.

In addition, Coupa Software Incorporated posted revenue of $193.3 million, up 18 percent on a year-over-year basis. The results crushed the expectations of 5 cents per share for earnings and $185.68 million for revenue.

Speaking on the results, CEO of Coupa Software Incorporated, Rob Bernshteyn, said:

“During Fiscal ’22, we grew new business in excess of 60%, which we define as new recurring revenue from new customer logos and add-on transactions. That growth was driven by strength in our core business, coupled with momentum in our integration of acquired assets.”

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