5 Stocks Making Noise After Releasing Their Financial Results

In this article, we discuss the 5 stocks making noise after releasing their financial results. If you want to read our detailed analysis of these companies, go directly to the 11 Stocks Making Noise After Releasing Their Financial Results.  

5. PagerDuty, Inc. (NYSE:PD)

Number of Hedge Fund Holders: 27

Shares of PagerDuty, Inc. (NYSE:PD) climbed over 20 percent on Thursday, March 17, 2022, following an upbeat financial performance for its fiscal fourth quarter. The cloud computing company reported a loss of 4 cents per share, narrower than the consensus forecast for a loss of 6 cents per share.

Revenue for the quarter jumped 32.4 percent on a year-over-year basis to $78.5 million, topping estimates of $76.08 million. Among other updates, PagerDuty, Inc. (NYSE:PD) reported that it ended the quarter with 14,865 paying customers, compared to 13,837 in the same period last year.

Looking forward, PagerDuty, Inc. (NYSE:PD) expects an adjusted loss in the range of 9 – 8 cents per share and revenue between $81.5 – $83.5 million for its fiscal first quarter.

Discussing the results, CEO Jennifer Tejada said:

“Driven by ongoing market traction for our new products and strong go to market execution, Q4 results capped a fiscal year of accelerating growth for PagerDuty. We delivered revenue of $79 million for the quarter and $281 million for the year, both growing 32% year over year, and gained operating leverage which positions us well for durable growth.”

4. Signet Jewelers Limited (NYSE:SIG)

Number of Hedge Fund Holders: 34

Shares of Signet Jewelers Limited (NYSE:SIG) recently rose to a one-month high after delivering solid profit and sales for its fiscal fourth quarter. The world’s largest diamond jewelry retailer reported adjusted earnings of $5.01 per share, up from $4.15 per share in the year-ago period and in line with the consensus forecast.

In addition, Signet Jewelers Limited (NYSE:SIG) posted revenue of $2.81 billion, up 28 percent on a year-over-year basis and above expectations of $2.77 billion. If we look at the performance of its flagship segments, brick and mortar revenue climbed 34.6 percent to $2.3 billion, while e-commerce revenue increased 8.7 percent to $556.0 million in the quarter.

Looking forward, Signet Jewelers Limited (NYSE:SIG) guided for revenue in the range of $1.78 – $1.82 billion for its fiscal first quarter and between $8.03 – $8.25 billion for its fiscal year 2023.

Speaking on the results, CFO Joan Hilson said:

“Our Fiscal 2023 guidance reflects topline performance that we believe will outpace the market while also delivering a double-digit operating margin by leveraging sustainable advantages, notably fleet optimization, inventory efficiency and an enhanced labor model.”

3. Dollar General Corporation (NYSE:DG)

Number of Hedge Fund Holders: 44

Shares of Dollar General Corporation (NYSE:DG) rose more than four percent on Thursday, March 17, 2022, after reporting earnings of $2.57 per share for its fiscal fourth quarter that matched the consensus forecast. The discount retailer had earned $2.62 per share in the comparable period of 2020.

Revenue for the quarter rose 2.8 percent on a year-over-year basis to $8.65 billion, while analysts were expecting Dollar General Corporation (NYSE:DG) to post revenue of $8.70 billion.

Dollar General Corporation (NYSE:DG) also issued its financial outlook for the current fiscal year. The company projected earnings growth in the range of 12 – 14 percent and revenue growth of about 10 percent for its FY 2022.

Discussing the results, CEO Todd Vasos said:

“Despite a more challenging than expected operating environment, our teams remained focused on executing our operating priorities and advancing our strategic initiatives, which we believe position us well for solid sales and profit growth in 2022 and beyond.”

2. Accenture plc (NYSE:ACN)

Number of Hedge Fund Holders: 50

Shares of Accenture plc (NYSE:ACN) turned red on Thursday, March 17, 2022, even after beating profit and sales expectations for its fiscal second quarter. The Ireland-based professional services company reported earnings of $2.45 per share, up from $2.23 per share in the year-ago period.

Revenue for the quarter jumped 24 percent on a year-over-year basis to $15.05 billion. The results exceeded the consensus of $2.20 per share for earnings and $13.44 billion for revenue.

Accenture plc (NYSE:ACN) also released its geographical-wise sales performance. Revenue from North America jumped 26 percent to $7.08 billion in the quarter, while Europe revenue increased 24 percent to $5.01 billion. In comparison, revenue from the growth markets rose 22 percent to $2.96 billion.

Looking forward, Accenture plc (NYSE:ACN) raised its fiscal year 2022 earnings outlook to a range of $10.61 – $10.81 per share, from its previous forecast of $10.32 – $10.60 per share. The updated outlook is better than the consensus of $9.68 per share.

1. FedEx Corporation (NYSE:FDX)

Number of Hedge Fund Holders: 64

Shares of FedEx Corporation (NYSE:FDX) fell more than four percent in the mid-day trading session on Friday, March 18, 2022, after announcing lower-than-expected profit for its fiscal third quarter.

The Tennessee-based express delivery giant blamed the negative impact of the Omicron variant and higher costs for affecting its results. FedEx Corporation (NYSE:FDX) reported adjusted earnings of $4.59 per share, up from $3.47 per share in the year-ago period.

However, analysts were expecting FedEx Corporation (NYSE:FDX) to earn $4.65 per share. On the bright side, revenue for the quarter increased to $23.6 billion, from $21.5 billion last year and surpassed expectations of $23.4 billion.

Speaking on the results, CFO Michael Lenz said:

“Our strong quarterly operating income increase was dampened by the surge of the Omicron variant which caused disruptions to our networks and diminished customer demand in January and into February. We remain focused on revenue quality and operational efficiency initiatives to mitigate inflationary pressures and drive earnings improvement.”

You can also take a peek at Bill Gates’ Latest Portfolio: Top 12 Stock Picks and 10 Undervalued Dividend Kings To Buy In 2022.

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