These 5 Stocks Are Trending After Releasing Their Earnings Reports

In this article, we discuss the 5 stocks trending after releasing their earnings reports. If you want to read our detailed analysis of these companies, go directly to the These 10 Stocks Are Trending After Releasing Their Earnings Reports.

5. Rivian Automotive, Inc. (NASDAQ:RIVN)

Number of Hedge Fund Holders: 47

Shares of Rivian Automotive, Inc. (NASDAQ:RIVN) fell to an all-time low in the pre-market trading session on Friday, March 11, 2022, after announcing lower-than-expected financial results for its fiscal fourth quarter.

Rivian Automotive, Inc. (NASDAQ:RIVN) reported a loss of $2.43 per share, narrower than a loss of $3.51 per share in the same period last year. However, it was wider than analysts’ average estimate for a loss of $1.97 per share. In addition, the quarterly revenue of $54 million also fell below the consensus of $60 million.

Looking forward, Rivian Automotive, Inc. (NASDAQ:RIVN) expects to produce 25,000 vehicles in the current fiscal year. But at the same time, the company warned that supply chain disruptions could affect its production operations in the current fiscal year.

Addressing shareholders in a letter, Rivian Automotive, Inc. (NASDAQ:RIVN) said:

“Through the first half of Q1 2022, we experienced several headwinds and other factors impacting our production ramp, including a planned 10-day shutdown to fine-tune our production lines, significant supply chain limitations, a large spike in COVID-19 cases likely attributable to the Omicron variant, and severe winter weather in Central Illinois. Like the rest of the industry, we anticipate supply chain challenges to persist through 2022.”

4. DocuSign, Inc. (NASDAQ:DOCU)

Number of Hedge Fund Holders: 49

Shares of DocuSign, Inc. (NASDAQ:DOCU) crashed in the pre-market trading session on Friday, March 11, 2022, following its disappointing sales outlook for the current quarter and full year.

DocuSign, Inc. (NASDAQ:DOCU) expects revenue in the range of $579 – $583 million for its fiscal first quarter and between $2.47 – $2.48 billion for the full year. The outlook missed the consensus of $596 million for Q1 and $2.61 billion for fiscal 2022.

The weak outlook also overshadowed the better-than-expected performance of DocuSign, Inc. (NASDAQ:DOCU) for its fiscal fourth quarter. The company reported adjusted earnings of 48 cents per share for the quarter, compared to 37 cents per share in the same period last year.

Revenue for the quarter jumped 35 percent on a year-over-year basis to $580.8 million. Analysts were expecting DocuSign, Inc. (NASDAQ:DOCU) to earn 47 cents per share on revenue of $561.4 million.

3. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 57

Shares of Oracle Corporation (NYSE:ORCL) slightly moved up after the opening bell on Friday, March 11, 2022, despite posting mixed financial performance for its fiscal third quarter.

Oracle Corporation (NYSE:ORCL) reported adjusted earnings of $1.13 per share for the three months ended February 28, 2022, missing analysts’ average estimate of $1.18 per share. Revenue for the quarter rose four percent versus last year to $10.513 billion and matched expectations.

Oracle Corporation (NYSE:ORCL) also issued its segment-wise sales performance. Its cloud services and license support revenue rose five percent to $7.6 billion, while cloud license and on-premise license revenue inched up one percent to $1.3 billion in the quarter.

Speaking on the results, CTO Larry Ellison said:

“In Q3, Oracle completed development of the multi-cloud version of our MySQL HeatWave open-source database. The MySQL HeatWave database is already running in the Oracle Gen2 Cloud. In a few weeks, MySQL HeatWave will also be available in the Amazon Cloud and the Microsoft Azure Cloud.”

2. JD.com, Inc. (NASDAQ:JD)

Number of Hedge Fund Holders: 67

JD.com, Inc. (NASDAQ:JD) recently announced a better-than-expected profit for the fourth quarter. However, its quarterly sales fell short of expectations, sending its shares down to a nearly two-year low on Thursday, March 10, 2022.

The Chinese e-commerce giant reported adjusted earnings of 35 cents per share for the quarter, above expectations of 24 cents per share. In addition, JD.com, Inc. (NASDAQ:JD) posted revenue of $43.29 billion, up 23 percent on a year-over-year basis but marginally below analysts’ average estimate of $43.36 billion.

If we look at the performance of its flagship businesses, product revenue jumped 22.1 percent to $36.83 billion, while net service revenue climbed 28.3 percent to $6.47 billion in the quarter. Among other updates, JD.com, Inc. (NASDAQ:JD) reported that its annual active customer accounts increased to 569.7 million last year, representing a surge of 20.7 percent over 2020.

Discussing the results, CFO Sandy Xu said:

“During the quarter, we further optimized our operational efficiency through technology and innovation, increasing our competitiveness as well as our ability to support our business partners. In 2022, we will continue to execute our business strategies and focus on sustainable high-quality growth across all of our business lines.”

1. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Number of Hedge Fund Holders: 74

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) climbed over 12 percent on Thursday, March 10, 2022, after delivering impressive financial results for its fiscal fourth-quarter along with an upbeat outlook.

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) reported adjusted earnings of 30 cents per share, significantly higher than 13 cents per share in the year-ago period. Revenue came in at $431 million, well above $264.9 million in the same period last year. The results topped the consensus of 20 cents per share for earnings and $411 million for revenue.

Looking forward, CrowdStrike Holdings, Inc. (NASDAQ:CRWD) expects adjusted earnings in the range of 22 – 24 cents per share and revenue between $458.9 – $465.4 million for its fiscal first quarter. The guidance exceeded analysts’ average estimate of 17 cents per share for earnings and $440.3 million for revenue.

Praising the latest financial performance, CEO George Kurtz said:

“CrowdStrike once again delivered an exceptional fourth quarter and capped off a record year, achieving new milestones across both the top and bottom line. Net new ARR of $217 million in the quarter was a new all-time high, driven by expansion of our leadership in the core endpoint market as well as a record quarter for cloud, identity protection and Humio.”

You can also take a peek at Jim Cramer Recommends Selling These 10 Stocks and 10 Undervalued Dividend Kings To Buy In 2022.

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