10 Stocks Making Big Moves on Earnings Reports

Published November 11, 2021 at 3:42 pm EST Updated August 19, 2026 at 5:39 am EDT

In this article, we will take a look at the 10 stocks making big moves on earnings reports.

The fifth week of this third-quarter earnings season is underway. Several companies were seen making notable moves after releasing their financial results. For instance, PayPal Holdings, Inc. (NASDAQ:PYPL) shares plummeted to a nearly one-year low after posting lower-than-expected quarterly revenue.

On the other hand, shares of Roblox Corporation (NYSE:RBLX) and RingCentral, Inc. (NYSE:RNG) gained substantial value after releasing their financial results. In addition, several companies, including D.R. Horton, Inc. (NYSE:DHI), DoorDash, Inc. (NYSE:DASH) and Oak Street Health, Inc. (NYSE:OSH), also traded on heavy volume after posting their quarterly earnings.

10 Stocks Making Big Moves on Earnings Reports

We will thoroughly analyze the performance of these companies in the remaining article. So, let’s start our list of 10 stocks making big moves on earnings reports.

10 Stocks Making Big Moves on Earnings Reports

10. AMC Entertainment Holdings, Inc. (NYSE:AMC)

Number of Hedge Fund Holders: 21

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) fell more than 11 percent on Tuesday, 9 November 2021, despite announcing better-than-expected financial results for the third quarter.

The Kansas-based movie theater chain reported an adjusted loss of 44 cents per share, substantially lower than an adjusted loss of $5.70 per share in the same period last year. Revenue came in at $763.2 million versus $119.4 million in the comparable period of 2020. Analysts were expecting AMC Entertainment Holdings, Inc. to report a loss of 53 cents per share on revenue of $708.3 million.

Speaking on the results, CEO Adam Aron said in a statement:

“Our financial results continue to improve. More and more major films are on the docket for release in the remainder of 2021, and throughout 2022. One can see and feel that our industry and our company are on a path of recovery and improvement. Therefore, our spirits are upbeat. However, even amidst such good news, we are not yet where we want and need to be.”

Like AMC Entertainment Holdings, Inc., PayPal Holdings, Inc., Roblox Corporation, RingCentral, Inc., D.R. Horton, Inc., and DoorDash, Inc., also came into the spotlight after posting their earnings report.

9. Unity Software Inc. (NYSE:U)

Number of Hedge Fund Holders: 29

Shares Unity Software Inc. (NYSE:U) slipped more than six percent in the after-hours trading session on Tuesday, 9 November 2021, even though the company posted a narrower-than-expected loss for the third quarter.

Unity Software Inc. reported a loss of 6 cents per share on an adjusted basis, while analysts were expecting a loss of 7 cents per share for the quarter. In addition, the revenue of $286.3 million also surpassed the consensus forecast of $264.6 million. The company had posted an adjusted loss of 9 cents per share on revenue of around $200 million for the comparable period of 2020.

Looking forward, Unity Software Inc. expects revenue in the range of $285 million – $290 million for the fourth quarter. The company also raised its revenue outlook for the full year to a range of $1.08 billion – $1.09 billion versus its previous forecast between $1.05 billion – $1.06 billion.

8. Coty Inc. (NYSE:COTY)

Number of Hedge Fund Holders: 30

Shares of Coty Inc. (NYSE:COTY) hit a new 52-week high of $10.85 on Tuesday, 9 November 2021, after announcing solid results for its fiscal first quarter. The New York-based consumer beauty company reported adjusted earnings of 8 cents per share, compared to a loss of 1 cent per share in the year-ago quarter.

Analysts were expecting Coty Inc. to report earnings of 3 cents per share. In addition, revenue for the quarter jumped 22 percent versus last year to $1.37 billion, just ahead of the consensus forecast of $1.36 billion.

If we break down the total revenue by segments, revenue from the Americas region jumped 23.6 percent to $581.5 million, while EMEA revenue increased 18.2 percent to $627.1 million. In comparison, revenue from the Asia Pacific region climbed 32.5 percent to $163.1 million, mainly driven by solid growth in China.

Coty Inc. also updated the profit outlook for its fiscal year 2022. It expects adjusted profit in the range of 19 cents – 23 cents per share, in line with the consensus forecast of 20 cents per share.

7. Oak Street Health, Inc. (NYSE:OSH)

Number of Hedge Fund Holders: 33

Shares of Oak Street Health, Inc. took a deep dive, losing nearly 21 percent of their value, on Tuesday, 9 November 2021, after posting a wider-than-expected loss for the third quarter.

The provider of health care services reported a loss of 49 cents per share, compared to a loss of 15 cents per share in the same period last year. Analysts were expecting Oak Street Health, Inc. to report a loss of 42 cents per share. On the bright side, revenue for the quarter climbed 78 percent on a year-over-year basis to $388.7 million, beating the consensus forecast of $356.6 million.

Discussing the results, CEO Mike Pykosz said in a statement:

“We managed through the continued uncertainty related to the COVID-19 pandemic and Delta variant, eclipsing $1 billion of revenue for the first time in our Company’s history. We are encouraged by our clinical results in the third quarter and their implication on both our patients’ well-being and our future financial performance.”

Like Oak Street Health, Inc., investors are also closely watching PayPal Holdings, Inc., Roblox Corporation, RingCentral, Inc., D.R. Horton, Inc., and DoorDash, Inc. following their earnings reports.

6. Doximity, Inc. (NYSE:DOCS)

Number of Hedge Fund Holders: 35

Shares of Doximity, Inc. (NYSE:DOCS) plummeted more than 13 percent in the after-hours trading session on Tuesday, 9 November 2021, despite delivering impressive financial results for its fiscal second quarter. The online networking service for medical professionals earned 19 cents per share on an adjusted basis, significantly higher than just 2 cents per share in the year-ago quarter.

In addition, Doximity, Inc. posted revenue of $45.1 million, translating to a surge of 76 percent versus the comparable period of 2020. The results easily surpassed analysts’ average estimate of 10 cents per share for earnings and $73.50 million for revenue.

For its fiscal third quarter, Doximity, Inc. expects revenue in the range of $85.8 million – $86.8 million. For its FY 2022, the company expects revenue between $326.1 million – $328.1 million.

Commenting on the quarter, CEO Jeff Tangney said:

“We’re pleased to report another strong financial quarter as the shift to digital among our clients continues. We’re particularly proud that our existing clients generated a record 173% net revenue retention rate (for the trailing 12 months), and that our telehealth platform grew to a record of over 330,000 active providers.”

5. D.R. Horton, Inc. (NYSE:DHI)

Number of Hedge Fund Holders: 45

Shares of D.R. Horton, Inc. hit a nearly three-month high on Tuesday, 9 November 2021, after announcing better-than-expected profit and sales for its fiscal fourth quarter. The home construction company reported earnings of $3.70 per share, well above $2.24 per share in the year-ago quarter.

Analysts were expecting D.R. Horton, Inc. to report earnings of $3.39 per share. Revenue came in at $8.109 billion versus $6.40 billion in the year-ago quarter and above analysts’ average estimate of $7.829 billion.

Speaking on the results, Chairman Donald Horton said in a statement:

“Housing market conditions remain very robust, with homebuyer demand exceeding our current capacity to deliver homes across most of our markets. We have continued to experience significant disruptions in our supply chain, including shortages and delivery delays in certain building materials along with tightness in the labor market.”

4. DoorDash, Inc. (NYSE:DASH)

Number of Hedge Fund Holders: 45

Shares of DoorDash, Inc. climbed more than 17 percent in the pre-market trading session on Wednesday, 10 November 2021. The surge follows the company’s third-quarter results and announcement to acquire food delivery platform Wolt in a deal valued at $8.1 billion.

DoorDash, Inc. reported a loss of 30 cents per share for the quarter, wider than the consensus estimate for a loss of 26 cents per share. On the bright side, revenue of $1.3 billion exceeded analysts’ average estimate of $1.18 billion. In comparison, the company had reported a loss of 96 cents per share on revenue of $879 million in the third quarter of 2020.

If we look at the important growth indicators, total orders in the quarter climbed 47 percent on a year-over-year basis to 347 million. Moreover, the gross order volume (GOV) jumped 44 percent to $10.4 billion. Looking forward, DoorDash, Inc. expects its GOV in the range of $10.3 billion to $10.7 billion for the fourth quarter.

3. RingCentral, Inc. (NYSE:RNG)

Number of Hedge Fund Holders: 47

Shares of RingCentral, Inc. soared more than 22 percent in the pre-market trading session on Wednesday, 10 November 2021, after delivering impressive financial results for the third quarter.

The Belmont-based company earned 36 cents per share on an adjusted basis, up from 26 cents per share in the same period last year. Analysts were expecting RingCentral, Inc. to report adjusted earnings of 33 cents per share.

In addition, revenue for the quarter climbed 37 percent versus last year to $415 million, beating the consensus estimate of $393 million. Subscription revenue for the quarter jumped 38 percent on a year-over-year basis to $385 million.

RingCentral, Inc. also raised its financial guidance for 2021. The company now expects adjusted earnings of $1.32 per share versus its previous forecast between $1.28 – $1.30 per share. Moreover, it is anticipating revenue in the range of $1.580 – $1.581 billion, compared to its previous outlook between $1.539 – $1.545 billion.

Commenting on the quarter, CEO Vlad Shmunis said:

“With our award-winning RingCentral Message Video Phone (or MVP) platform, our seamless integration with an industry-leading cloud contact center solution, and our unparalleled market access with strategic partners, we believe we are uniquely positioned to meet the rising global demand for cloud-based communications solutions.”

2. Roblox Corporation (NYSE:RBLX)

Number of Hedge Fund Holders: 49

Shares Roblox Corporation skyrocketed more than 42 percent on Tuesday, 9 November 2021, after announcing its financial results for the third quarter. The online game platform reported a loss of 13 cents per share, narrower than the loss of 26 cents per share posted in the year-ago quarter. Analysts were looking for a loss of 14 cents per share.

In addition, Roblox Corporation posted revenue of $509.3 million, representing a surge of more than two folds from the same period last year. Total booking in the quarter jumped 28 percent versus last year to $637.8 million, beating the consensus forecast of $618.8 million.

Moreover, Roblox Corporation announced that the average daily active users (DAUs) in the quarter jumped 31 percent on a year-over-year basis to 47.3 million. In comparison, hours engaged, a key growth indicator, jumped 28 percent versus last year to 11.2 billion.

Discussing the results, CFO Michael Guthrie said:

“Growth in all of our core metrics – DAUs, hours, and bookings – displayed strong year-over-year growth despite lapping Covid-impacted periods and back-to-school seasonality. Notwithstanding significant investments in developer economics and hiring, we also generated healthy cash from operations. Based on our October results, we appear to be having a great start to the last quarter of the year.”

1. PayPal Holdings, Inc. (NASDAQ:PYPL)

Number of Hedge Fund Holders: 143

Shares of PayPal Holdings, Inc. plummeted to a nearly one-year low on Tuesday, 9 November 2021, after its third-quarter revenue missed expectations. The online payment processor generated revenue of $6.18 billion in the third quarter, up 13 percent versus last year but below the consensus forecast of $6.23 billion.

On the bright side, the adjusted earnings of $1.11 per share for the quarter surpassed analysts’ average estimate of $1.07 per share. In comparison, PayPal Holdings, Inc. had posted adjusted earnings of $1.07 per share in the comparable period of 2020.

Looking at the key growth drivers, total payment volume (TPV) in the quarter jumped 26 percent on a year-over-year basis to $310 billion. TPV on its flagship Venmo app rose 36 percent versus last year to $60 billion. In addition, PayPal Holdings, Inc. added 13.3 million net new accounts in the quarter, bringing the total count to 416 million.

The company also issued its financial guidance for the fourth quarter. PayPal Holdings, Inc. expects adjusted earnings of $1.12 per share and revenue in the range of $6.85 billion – $6.95 billion. The outlook missed the consensus forecast of $1.27 per share for earnings and $7.24 billion for revenue.

You can also take a peek at 10 Growth Stocks to Buy According to Jay Chen’s Himension Capital and Top 10 Stock Picks of Brandon Osten’s Venator Capital Management.

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