5 Stocks Making Headlines After Financial Results

In this article, we discuss the 5 stocks making headlines after financial results. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks Making Headlines After Financial Results.

5. Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY)

Number of Hedge Fund Holders: 26

Shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) rose nearly five percent in the pre-market trading session on Wednesday, December 8, 2021, after announcing better-than-expected profit and sales for its fiscal third quarter.

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) reported earnings of 21 cents per share, compared to a loss of $1.01 per share in the year-ago quarter. Revenue for the quarter skyrocketed 191.6 percent versus last year to $318.0 million. The results easily surpassed the consensus forecast of 12 cents per share for earnings and $319.7 million for revenue.

Comparable store sales for the quarter rose 1.1 percent versus the third quarter of 2019. Looking forward, Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) expects its comparable-store sales to be marginally positive in the fourth quarter versus the same period of 2019.

4. Stitch Fix, Inc. (NASDAQ:SFIX)

Number of Hedge Fund Holders: 30

Stitch Fix, Inc. (NASDAQ:SFIX) managed to beat expectations for its fiscal first-quarter, but its sales outlook fell short of estimates. The disappointing guidance sent its shares down more than 26 percent in the pre-market trading session on Wednesday, December 8, 2021.

The San Francisco-based personal styling service reported a loss of 2 cents per share, compared to earnings of 9 cents per share. Analysts were expecting Stitch Fix, Inc. (NASDAQ:SFIX) to post a loss of 14 cents per share.

Revenue for the quarter climbed 19 percent on a year-over-year basis to $581 million, beating expectations of $571 million. Looking forward, Stitch Fix, Inc. (NASDAQ:SFIX) expects revenue in the range of $505 – $520 million for its fiscal second quarter, well below the consensus forecast of $585 million.

Speaking on the results, CEO of Stitch Fix, Inc. (NASDAQ:SFIX), Elizabeth Spaulding, said:

“These quarterly results reflect a strong performance in our business from both Fix and Freestyle. With the launch of Stitch Fix Freestyle we are expanding and broadening our offering, and we are excited to continue to enhance the experience for clients through the introduction of new product features and expanded merchandise selections, increasing the number of purchase occasions we serve.”

3. PagerDuty, Inc. (NYSE:PD)

Number of Hedge Fund Holders: 30

Shares PagerDuty, Inc. (NYSE:PD) jumped more than 10 percent in the pre-market trading session on Wednesday, December 8, 2021, after the cloud computing company delivered impressive financial results for its fiscal third quarter.

PagerDuty, Inc. (NYSE:PD) reported an adjusted loss of 7 cents per share, narrower than the loss of 9 cents per share estimated by analysts. Revenue for the quarter climbed 33 percent on a year-over-year basis to $71.8 million, beating expectations of $70.2 million.

The company also released the financial outlook for its fiscal fourth quarter. PagerDuty, Inc. (NYSE:PD) expects adjusted loss in the range of 5 – 6 cents per share and revenue between $75.5 million – $76.5 million. Analysts were looking for a loss of 8 cents per share on revenue of $73.7 million for the current quarter.

CEO of PagerDuty, Inc. (NYSE:PD), Jennifer Tejada, expressed her pleasure with the results, saying:

“Q3 was an outstanding quarter for PagerDuty as we delivered record revenue of $72 million and grew 33% year over year. Our product innovation continues to accelerate across use cases and departments as we empower enterprises to mature their digital operations and deliver superior customer experiences.”

2. Toll Brothers, Inc. (NYSE:TOL)

Number of Hedge Fund Holders: 31

Shares of Toll Brothers, Inc. (NYSE:TOL) moved slightly up in the pre-market trading session on Wednesday, December 8, 2021, after delivering solid profit and sales for its fiscal fourth quarter.

The luxury homes builder earned $3.02 per share, significantly higher than $1.55 per share in the comparable quarter of 2020. Analysts were expecting Toll Brothers, Inc. (NYSE:TOL) to post earnings of $2.49 per share.

Revenue for the quarter came in at $3.04 billion, compared to $2.55 billion in the year-ago quarter and ahead of analysts’ average estimate of $2.9 billion. Overall, Toll Brothers, Inc. (NYSE:TOL) delivered 3,341 homes during the quarter, up 14 percent on a year-over-year basis.

Discussing the results, CEO of Toll Brothers, Inc. (NYSE:TOL), Douglas Yearley, said:

“Demand remains very strong. The housing market continues to benefit from solid fundamentals, including favorable demographics, pent up demand from over a decade of underproduction of new homes, low mortgage rates, a tight resale market, and permanent changes to the way Americans view life, work and home.”

1. MongoDB, Inc. (NASDAQ:MDB)

Number of Hedge Fund Holders: 47

Shares of MongoDB, Inc. (NASDAQ:MDB) climbed over 16 percent on Tuesday, December 7, 2021, after announcing impressive financial results for its fiscal third-quarter along with an upbeat outlook. The New York-based software company reported an adjusted loss of 11 cents per share, narrower than the loss of 31 cents per share in the year-ago quarter.

Revenue came in at $226.9 million, compared to $150.8 million in the same period last year. Analysts were expecting MongoDB, Inc. (NASDAQ:MDB) to post a loss of 38 cents per share on revenue of $205.3 million.

Looking forward, MongoDB, Inc. (NASDAQ:MDB) expects an adjusted loss in the range of 24 – 21 cents per share and revenue between $239 – $242 million for its fiscal fourth quarter. Analysts were looking for a loss of 34 cents per share on revenue of $227.8 million for the current quarter.

For its FY 2022, MongoDB, Inc. (NASDAQ:MDB) now expects an adjusted loss between 74 – 71 cents per share on revenue of $846.3 -$849.3 million. Previously, it was looking for an adjusted loss of $1.20 – $1.13 per share on revenue of $805.0 – $811.0 million for the same period.

Speaking on the results, CEO Dev Ittycheria said:

“MongoDB delivered another fantastic quarter, highlighted by 84% Atlas revenue growth and increasing our customer count to over 31,000. Our continued success reflects the adoption of our application data platform by customers who need to innovate faster to compete in today’s marketplace.”

You can also take a peek at 10 Hydrogen Fuel Cell Stocks to Buy Today and 10 Meme Stocks that More than Doubled in 2021.

Follow Insider Monkey on Twitter