10 Companies on Investors’ Radar After Releasing Their Quarterly Results

In this article, we will take a look at the 10 companies on investors’ radar after releasing their quarterly results.

Retail giant Walmart Inc. (NYSE:WMT), consumer internet company Sea Limited (NYSE:SE) and tech firm Keysight Technologies, Inc. (NYSE:KEYS) recently released financial results for their respective quarters.

If we look at their price actions, Walmart stock hit a new 52-week low after posting a disappointing profit, while Sea Limited shares rallied on better-than-expected results. In comparison, Keysight shares marginally moved down in the pre-market trading Wednesday, May 18, despite delivering an upbeat financial performance for its fiscal second quarter.

Many other companies, including software and services firm NextGen Healthcare, Inc. (NASDAQ:NXGN) and online professional networking platform Doximity, Inc. (NYSE:DOCS), also came into the spotlight after posting their earnings reports.

Photo by Joshua Mayo on Unsplash

In this article we will discuss some important quarterly reports announced recently.

10. Riskified Ltd. (NYSE:RSKD)

Number of Hedge Fund Holders: 12

Shares of Riskified Ltd. (NYSE:RSKD) jumped more than 18 percent on Tuesday, May 17, 2022, after posting better-than-expected financial results for the first quarter. The company primarily benefitted from its ticketing & travel segment, which performed well in the quarter due to higher volumes of travel and event bookings.

Riskified Ltd. (NYSE:RSKD) reported that the total gross merchandise value at its ticketing & travel business skyrocketed 291 percent over the same period of 2021. Overall, the Israel-based company reported an adjusted loss of 8 cents per share, compared to an adjusted loss of 1 cent per share in the year-ago period.

Revenue for the quarter jumped 15 percent versus last year to $58.8 million. Analysts were expecting Riskified Ltd. (NYSE:RSKD) to report a loss of 15 cents per share on revenue of $55.9 million.

Riskified Ltd. (NYSE:RSKD) also reaffirmed its sales outlook for the full year. It continues to expect revenue in the range of $254 – $257 million for fiscal 2022.

Discussing the results, CEO Eido Gal said in a statement:

“We are pleased with our first quarter results, which reflect the impact of continued growth within our existing customer base, combined with the addition of new customers, as well as improving volume growth both in GMV and Billings from our ticketing and travel merchants.”

9. Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU)

Number of Hedge Fund Holders: 13

Shares of Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) rallied nearly 15 percent on Tuesday, May 17, 2022, following its upbeat financial performance for the first quarter. The results were mainly driven by a higher gross margin and growth of active customers.

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) reported earnings of 5 cents per share, matching expectations. Revenue for the quarter soared 62 percent on a year-over-year basis to $111.902 million and surpassed the consensus of $98.780 million.

The gross margin jumped 220 basis points to 47.3 percent. In addition, average order values (AOV) jumped 20 percent to $133, while active customers climbed 58 percent to 3 million in the quarter.

Looking forward, Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) guided for revenue in the range of $490 – $500 million for the full year. The outlook represents a growth between 30 – 33 percent on a year-over-year basis.

Like Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU), investors are also closely monitoring Walmart Inc. (NYSE:WMT), Sea Limited (NYSE:SE) and Keysight Technologies, Inc. (NYSE:KEYS), following their quarterly results.

8. Agilysys, Inc. (NASDAQ:AGYS)

Number of Hedge Fund Holders: 16

Agilysys, Inc. (NASDAQ:AGYS) specializes in providing software and solutions to the hospitality industry. It has the most comprehensive software suite in the market, covering property management, point-of-sale, procurement and payments, among other things. One of the key objectives of Agilysys is to enhance operational efficiencies for its clients. Its customers-base includes some of the largest hospitality firms around the world.

Shares of Agilysys, Inc. (NASDAQ:AGYS) jumped over 10 percent in the extended hours on Tuesday, May 17, 2022, after beating profit and sales expectations for its fiscal fourth quarter. The Georgia-based company earned 24 cents per share on an adjusted basis, up from 21 cents per share in the same period of the prior year.

Moreover, Agilysys, Inc. (NASDAQ:AGYS) posted revenue of $46.6 million, compared to $36.3 million in the year-ago period. The results exceeded the consensus of 17 cents per share for earnings and $43.78 million for revenue.

Recurring revenue came in at $26.6 million, accounting for 57.1 percent of the total sales. Among other updates, Agilysys, Inc. (NASDAQ:AGYS) reported that gross margin decreased to 59.5 percent, from 64.6 percent in the same period of the prior year.

For its fiscal 2023, Agilysys, Inc. (NASDAQ:AGYS) expects revenue in the range of $190 – $195 million, representing a growth of 17 – 20 percent on a year-over-year basis.

Praising the results, CEO Ramesh Srinivasan said in a statement:

“Despite lingering pandemic related and other business environment challenges in the hospitality industry across Asia, Europe, and managed food services, we are pleased to report our best ever revenue quarter, beating the previous best mark by 11%.”

7. DLocal Limited (NASDAQ:DLO)

Number of Hedge Fund Holders: 18

DLocal Limited (NASDAQ:DLO) is off to a strong start in 2022, posting solid first-quarter results, helped by a massive boom in total payment volume and a more than two-fold increase in revenue. DLocal shares jumped more than 13 percent in the after-hours trading session on Tuesday, May 17, 2022, following the results.

The Uruguayan payments technology platform reported earnings of 8 cents per share, up from 6 cents per share in the same period last year. Revenue for the quarter skyrocketed 117 percent to $87.5 million. Analysts were expecting DLocal Limited (NASDAQ:DLO) to report earnings of 8 cents per share on revenue of $82.79 million.

Total payment volume (TPV) for the quarter reached $2.1 billion, representing a surge of 127 percent on a year-over-year basis. Updating investors on the expansion strategy, DLocal Limited (NASDAQ:DLO) reported that it launched operations in Ivory Coast and Rwanda in the quarter. The company’s services are now available in 37 countries following the latest additions.

Like DLocal Limited (NASDAQ:DLO), Walmart Inc. (NYSE:WMT), Sea Limited (NYSE:SE) and Keysight Technologies, Inc. (NYSE:KEYS) also came into the spotlight after releasing their quarterly results.

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

Number of Hedge Fund Holders: 21

Shares of Janus International Group, Inc. (NYSE:JBI) rose to a nearly three-month high on Tuesday, May 17, 2022, after delivering better-than-expected financial performance for the first quarter.

Janus International Group, Inc. (NYSE:JBI) reported adjusted earnings of 14 cents per share, topping estimates of 9 cents per share. Revenue for the quarter climbed 50.2 percent versus last year to $229.52 million, crushing expectations of $186.85 million.

If we look at the performance of its flagship businesses, revenue from the Restore, Rebuild & Replace jumped 56.6 percent, Commercial and Other revenue climbed 51.1 percent, and New Construction revenue increased 44.3 percent on a year-over-year basis.

For fiscal 2022, Janus International Group, Inc. (NYSE:JBI) raised its revenue outlook to a range of $890 – $910 million, compared to its previous projection of $845 – $865 million. The updated outlook is better than analysts’ average estimate of $859.85 million.

Speaking on the results, CEO Ramey Jackson said in a statement:

“Our strong results in the first quarter set the tone for what we expect will be an exciting year for Janus. We generated substantial year-over-year revenue growth from all of our sales channels, led again by particular strength in our R3 and Commercial and Other segments.”

5. NextGen Healthcare, Inc. (NASDAQ:NXGN)

Number of Hedge Fund Holders: 22

Shares of NextGen Healthcare, Inc. (NASDAQ:NXGN) dropped nearly 10 percent in the extended hours on Tuesday, May 17, 2022, despite meeting profit expectations for its fiscal fourth quarter.

NextGen Healthcare, Inc. (NASDAQ:NXGN) reported adjusted earnings of 19 cents per share, down from 21 cents per share in the year-ago period. Revenue increased to $151.3 million, from $144.2 million in the comparable period of 2021. Analysts were looking for earnings of 19 cents per share on revenue of $150.06 million.

For its fiscal year 2023, NextGen Healthcare, Inc. (NASDAQ:NXGN) guided for adjusted earnings in the range of 95 cents – $1.01 per share and revenue between $628 – $640 million.

Discussing the results, CEO David Sides said:

“Fiscal fourth quarter reflects another strong performance driven by broad demand for our solutions and the high level of execution by our team. To better position us for faster revenue growth and operating leverage, we have accelerated the pace of investments in strategic domains – Enterprise, Office and Insights.”

4. Doximity, Inc. (NYSE:DOCS)

Number of Hedge Fund Holders: 33

Doximity, Inc. (NYSE:DOCS) recently announced better-than-expected financial results for its fiscal fourth quarter. However, the sales outlook for its fiscal first-quarter disappointed investors, sending its shares down to a nearly one-year low in the premarket trading session on Wednesday, May 18, 2022.

The online professional networking platform reported adjusted earnings of 21 cents per share, topping expectations of 15 cents per share. In addition, Doximity, Inc. (NYSE:DOCS) posted revenue of $93.7 million, up 40.4 percent over the year-ago period and above expectations of $90.11 million.

Looking forward, Doximity, Inc. (NYSE:DOCS) expects to generate revenue in the range of $88.6 – $89.6 million for the current quarter, below analysts’ average estimate of $96.78 million.

Speaking on the results, CEO Jeff Tangney said:

“We’re proud to now serve over 2 million US healthcare professionals, including over 80% of US physicians and over 50% of Physician Assistants and Nurse Practitioners. This quarter, we added scheduling to our product suite with the acquisition of Amion, and saw record use of our fax, e-signature, and telehealth tools.”

3. Keysight Technologies, Inc. (NYSE:KEYS)

Number of Hedge Fund Holders: 34

Keysight Technologies, Inc. (NYSE:KEYS) recently came into the spotlight after delivering impressive financial results for its fiscal second quarter. The results were primarily driven by solid demand for is products. The Santa Rosa-based company reported adjusted earnings of $1.83 per share, well above $1.44 per share in the year-ago period.

Revenue for the quarter surged 11 percent on a year-over-year basis to $1.35 billion. Analysts were expecting Keysight Technologies, Inc. (NYSE:KEYS) to report earnings of $1.67 per share on revenue of $1.3 billion.

If we look at the performance of its flagship units, revenue from the communications solutions group rose 10 percent on a year-over-year basis to $963 million, while revenue from the electronic industrial solutions group jumped 13 percent to $388 million in the quarter.

For its fiscal third quarter, Keysight Technologies, Inc. (NYSE:KEYS) expects adjusted earnings in the range of $1.74 – $1.80 per share and revenue between $1.33 – $1.35 billion.

2. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 63

Shares of Walmart Inc. (NYSE:WMT) recently hit a new 52-week low of $130.64 following its mixed financial performance for the first quarter. The Arkansas-based retail giant reported adjusted earnings of $1.30 per share, missing the consensus of $1.48 per share with a big margin.

On the bright side, Walmart Inc. (NYSE:WMT) posted revenue of $141.57 billion, up 2.4 percent over the same period of 2021 and above estimates of $138.94 billion. The company’s comparable U.S. sales increased 3 percent, while e-commerce sales inched up just 1 percent on a year-over-year basis.

Walmart Inc. (NYSE:WMT) also trimmed its profit outlook for the current quarter. The company now expects earnings in the range of flat to up slightly. Previously, Walmart was expecting its earnings to increase in the low to mid-single-digits range.

Speaking on the results, CEO Doug McMillon said in a statement:

“Bottomline results were unexpected and reflect the unusual environment. U.S. inflation levels, particularly in food and fuel, created more pressure on margin mix and operating costs than we expected. We’re adjusting and will balance the needs of our customers for value with the need to deliver profit growth for our future.”

1. Sea Limited (NYSE:SE)

Number of Hedge Fund Holders: 108

Shares of Sea Limited (NYSE:SE) rose over 14 percent on Tuesday, May 17, 2022, after posting a narrower-than-expected loss for the first quarter. The Singapore-based consumer internet company reported an adjusted loss of 80 cents per share, compared to analysts’ average estimate for a loss of $1.17 per share.

Revenue for the quarter climbed 64.4 percent versus last year to $2.9 billion, against the consensus of $2.8 billion. Sea Limited (NYSE:SE) also released its segment-wise sales results. Its e-commerce revenue climbed 64.4 percent to $1.5 billion, digital entertainment revenue jumped 45.3 percent to $1.1 billion and digital financial services revenue skyrocketed 359.9 percent to $236 million in the quarter.

For the full year, Sea Limited (NYSE:SE) revised its e-commerce sales guidance, citing macro uncertainties. The company now anticipates revenue in the range of $8.5 – $9.1 billion, versus its previous outlook of $8.9 billion – $9.1 billion.

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Disclosure: None. 10 Companies on Investors’ Radar After Releasing Their Quarterly Results is originally published on Insider Monkey.