10 Stocks Making Big Moves on Quarterly Results

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

Notable stocks from technology, communication services, industrial and healthcare sectors, including Microsoft Corporation (NASDAQ:MSFT), AT&T Inc. (NYSE:T), Lockheed Martin Corporation (NYSE:LMT) and Johnson & Johnson (NYSE:JNJ), recently announced their earnings reports.

Shares of Microsoft, Lockheed Martin and Johnson & Johnson rose after beating earnings expectations for their respective quarters. However, AT&T stock turned red after the opening bell on Wednesday, January 26, despite posting upbeat financial results.

Several other companies, such as F5, Inc. (NASDAQ:FFIV) and Texas Instruments Incorporated (NASDAQ:TXN), were also seen trading on heavy volume post financial results.

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We will thoroughly review the performance of these companies in the remaining article.

Stocks Making Big Moves on Quarterly Results

10. PACCAR Inc (NASDAQ:PCAR)

Number of Hedge Fund Holders: 26

Shares of PACCAR Inc (NASDAQ:PCAR) rose more than three percent on Tuesday, January 25, 2022, after delivering better-than-expected financial results for the fourth quarter. The results were mainly driven by strong demand for its trucks and aftermarket parts.

PACCAR Inc (NASDAQ:PCAR) reported earnings of $1.47 per share, up from $1.17 per share in the same period last year. Revenue came in at $6.69 billion, compared to $5.57 billion in the year-ago quarter. The results exceeded the consensus forecast of $1.31 per share for earnings and $5.44 billion for revenue.

Speaking on the results, CEO of PACCAR Inc (NASDAQ:PCAR), Preston Feight, said in a statement:

“PACCAR’s results reflect record aftermarket parts and financial services profits. Customer demand for the new Kenworth, Peterbilt and DAF trucks introduced in 2021 is very strong. Kenworth, Peterbilt and DAF delivered 47,600 trucks in the fourth quarter, 45% higher than in the third quarter, reflecting an improvement in the global supply chain.”

9. F5, Inc. (NASDAQ:FFIV)

Number of Hedge Fund Holders: 27

Shares of F5, Inc. (NASDAQ:FFIV) plummeted more than 14 percent in the after-hours trading session on Tuesday, January 25, 2022, after offering a weak sales outlook along with its fiscal first-quarter results.

F5, Inc. (NASDAQ:FFIV) expects revenue in the range of $610 million – $650 million for its fiscal second quarter, below the consensus forecast of $693 million. In addition, the company also lowered its FY 2022 revenue growth guidance, citing supply chain hurdles. It expects its FY 2022 revenue to grow in the range of 4.5 – 8 percent, compared to its previous growth forecast of 8 – 9 percent.

For its fiscal first quarter, F5, Inc. (NASDAQ:FFIV) posted adjusted earnings of $2.89 per share, beating expectations of $2.78 per share. Revenue for the quarter jumped 10 percent on a year-over-year basis to $687 million, ahead of the consensus forecast of $678 million.

Like F5, Inc. (NASDAQ:FFIV), investors are also closely watching Microsoft Corporation (NASDAQ:MSFT), AT&T Inc. (NYSE:T) and Lockheed Martin Corporation (NYSE:LMT), after their earnings reports.

8. Xerox Holdings Corporation (NASDAQ:XRX)

Number of Hedge Fund Holders: 35

Xerox Holdings Corporation (NASDAQ:XRX) posted better-than-expected profit for the fourth quarter. However, its sales didn’t meet expectations, sending its shares down nearly five percent on Tuesday, January 25, 2022.

The provider of printing and digital document products and services posted adjusted earnings of 34 cents per share, beating analysts’ average estimate of 30 cents per share. On the downside, revenue for the quarter fell 7.9 percent versus last year to $1.78 billion. Analysts were expecting Xerox Holdings Corporation (NASDAQ:XRX) to generate revenue of $1.82 billion.

The company also issued its sales outlook for the full year. Xerox Holdings Corporation (NASDAQ:XRX) expects to post a minimum revenue of $7.1 billion and a free cash flow of at least $400 million for 2022.

7. Texas Instruments Incorporated (NASDAQ:TXN)

Number of Hedge Fund Holders: 40

Shares of Texas Instruments Incorporated (NASDAQ:TXN) rose nearly five percent in the after-hours trading session on Tuesday, January 25, 2022, after delivering impressive financial results for the fourth quarter.

Texas Instruments Incorporated (NASDAQ:TXN) earned $2.27 per share, up from $1.80 per share in the year-ago quarter. Revenue came in at $4.83 billion, compared to $4.08 billion in the same period of 2020. The results easily surpassed analysts’ average estimate of $1.95 per share for earnings and $4.43 billion for revenue.

The semiconductor giant also issued an upbeat financial outlook for the first quarter. Texas Instruments Incorporated (NASDAQ:TXN) expects earnings in the range of $2.01 – $2.29 per share and revenue between $4.5 – $4.9 billion for the current quarter. In comparison, analysts had projected earnings of $1.87 per share on revenue of $4.37 billion for the same period.

Like Texas Instruments Incorporated (NASDAQ:TXN), Microsoft Corporation (NASDAQ:MSFT), AT&T Inc. (NYSE:T) and Johnson & Johnson (NYSE:JNJ), also came into the limelight after releasing their earnings reports.

6. 3M Company (NYSE:MMM)

Number of Hedge Fund Holders: 46

3M Company (NYSE:MMM) is a diversified multinational conglomerate with a vast portfolio of proprietary products. It serves a range of industries, including safety, industrial, electronics, healthcare and more.

Shares of 3M Company (NYSE:MMM) slightly moved up on Tuesday, January 25, 2022, after announcing better-than-expected financial results for the fourth quarter. The company reported earnings of $2.31 per share, down from $2.41 per share in the year-ago quarter but above the consensus forecast of $2.02 per share.

In addition, 3M Company (NYSE:MMM) posted revenue of $8.6 billion, up 0.3 percent versus the comparable period of 2020 and above consensus estimate of $8.55 billion. If we look at the performance of its key business units, revenue from the safety and industrial segment fell 2.2 percent to $3.1 billion, while revenue from the transportation and electronics segment slipped 1.5 percent to $2.3 billion.

In comparison, health care revenue inched up 0.7 percent on a year-over-year basis to $2.3 billion, while consumer revenue rose 4.1 percent to $1.5 billion in the quarter.

Speaking on the results, CEO of 3M Company (NYSE:MMM), Mike Roman, said in a statement:

“3M delivered a solid fourth-quarter performance – with notable strength in December – as we maintained our relentless focus on serving customers in a challenging external environment. Our team effectively managed supply chain disruptions, made good progress on pricing actions and controlled costs.”

5. Lockheed Martin Corporation (NYSE:LMT)

Number of Hedge Fund Holders: 51

Shares of Lockheed Martin Corporation (NYSE:LMT) jumped to a nearly seven-month high on Tuesday, January 25, 2022, after announcing better-than-expected financial results for the fourth quarter.

Lockheed Martin Corporation (NYSE:LMT) reported earnings of $7.47 per share, up from $6.38 per share in the year-ago quarter. Revenue for the quarter rose 4.1 percent on a year-over-year basis to $17.73 billion. The results easily surpassed the consensus estimate of $7.16 per share for earnings and $17.66 billion for revenue.

Looking forward, Lockheed Martin Corporation (NYSE:LMT) expects earnings of around $26.70 per share for 2022, above expectations of $26.56 per share. The company also reaffirmed its sales outlook of about $66 billion for the full year.

Speaking on the results, CEO of Lockheed Martin Corporation (NYSE:LMT), James Taiclet, said in a statement:

“We delivered significant value back to shareholders in 2021, including $7 billion in dividends and share repurchases, and our team continued to provide world-class support to our customers despite the ongoing challenges of the global pandemic.”

4. Capital One Financial Corporation (NYSE:COF)

Number of Hedge Fund Holders: 55

Shares of Capital One Financial Corporation (NYSE:COF) closed higher on Tuesday, January 25, 2022, after beating profit and sales expectations for the fourth quarter. The provider of commercial banking services earned $5.41 per share, slightly higher than $5.35 per share in the comparable period of 2020.

Revenue rose four percent on a year-over-year basis to $8.1 billion. Analysts were expecting Capital One Financial Corporation (NYSE: COF) to post earnings of $5.33 per share on revenue of $7.94 billion.

If we look at some of the key growth indicators, net interest income for the quarter increased to $6.45 billion from $5.87 billion in the year-ago quarter. In comparison, non-interest income surged to $1.67 billion from $1.46 billion a year earlier. In addition, Capital One Financial Corporation (NYSE:COF) reported an increase of one percent or $2.2 billion in average deposits for the quarter.

Commenting on the results, CEO of Capital One Financial Corporation (NYSE: COF), Richard Fairbank, said:

“In the fourth quarter, we posted strong growth with strikingly strong credit results, and we continued to return capital to our shareholders. As we enter 2022, we continue to see attractive opportunities to grow and build our franchise.”

3. AT&T Inc. (NYSE:T)

Number of Hedge Fund Holders: 66

Shares of AT&T Inc. (NYSE:T) slightly moved down in the morning trading session on Wednesday, January 26, 2022, even after delivering its fourth-quarter financial results above expectations.

AT&T Inc. (NYSE:T) earned 78 cents per share on an adjusted basis, up from 75 cents per share in the year-ago quarter and above the consensus forecast of 76 cents per share. Revenue for the quarter decreased to $41 billion from $45.7 billion in the comparable period of 2020. Analysts were looking for revenue of $40.3 billion.

Among other important updates, AT&T Inc. (NYSE:T) reported 1.3 million postpaid net additions for the quarter. Moreover, its global HBO Max and HBO subscribers stood at 73.8 million at the end of the quarter.

AT&T Inc. (NYSE:T) also issued its profit outlook for 2022. It expects adjusted earnings in the range of $3.10 – $3.15 per share, slightly below analysts’ average estimate of $3.16 per share.

Speaking on the results, CEO of AT&T Inc. (NYSE:T), John Stankey, said in a statement:

“We ended 2021 the way we started it – by growing our customer relationships, running our operations more effectively and efficiently, and sharpening our focus. Our momentum is strong and we’re confident there is more opportunity to continue to grow our customer base and drive costs from the business.”

2. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 88

Shares of Johnson & Johnson (NYSE:JNJ) closed higher on Tuesday, January 25, 2022, following its mixed financial performance for the fourth quarter.  The consumer goods and pharmaceutical company reported adjusted earnings of $2.13 per share, marginally beating the consensus forecast of $2.12 per share.

In addition, Johnson & Johnson (NYSE:JNJ) posted revenue of $24.804 billion, missing the expectations of $25.284 billion. If we look at the performance of its key business segments, consumer health revenue inched up 1.1 percent to $2.657 billion, pharma revenue jumped 16.5 percent to $14.288 billion, and medical devices revenue increased 4.1 percent to $6.859 billion in the quarter.

Looking forward, Johnson & Johnson (NYSE:JNJ) is expecting adjusted earnings in the range of $10.40 – $10.60 per share for 2022, above analysts’ average estimate of $10.35 per share.

Discussing the results, CEO of Johnson & Johnson (NYSE:JNJ), Joaquin Duato, said:

“Our 2021 performance reflects continued strength across all segments of our business. Guided by Our Credo, I am honored to assume the role of CEO, leading our global teams in continuing our work to deliver life-changing solutions to consumers, patients, and health care providers.”

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 250

Shares of Microsoft Corporation (NASDAQ:MSFT) jumped more than five percent in the pre-market trading session on Wednesday, January 26, 2022, after delivering another solid quarter. The software giant earned $2.48 per share for its fiscal second quarter, compared to $2.03 per share in the year-ago period.

Revenue for the quarter came in at $51.73 billion, up from $43.08 billion in the comparable period of 2020. Analysts were expecting Microsoft Corporation (NASDAQ:MSFT) to post earnings of $2.32 per share on revenue of $50.71 billion.

If we look at the sales performance of flagship business units of Microsoft Corporation (NASDAQ:MSFT), revenue from the productivity and business processes segment jumped 19 percent to $15.9 billion. In comparison, intelligent cloud revenue climbed 26 percent to $18.3 billion, while more personal computing revenue surged 15 percent to $17.5 billion in the quarter.

Speaking on the results, CEO of Microsoft Corporation (NASDAQ:MSFT), Satya Nadella, said:

“As tech as a percentage of global GDP continues to increase, we are innovating and investing across diverse and growing markets, with a common underlying technology stack and an operating model that reinforces a common strategy, culture, and sense of purpose.”

You can also take a peek at 9 Stocks That Credit Markets Expert Steve Ketchum Likes and Top 10 Stock Picks of Thomas Bancroft’s Makaira Partners.

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Disclosure: None. 10 Stocks Making Big Moves on Quarterly Results is originally published on Insider Monkey.