10 Stocks Making Headlines After Financial Results

In this article, we will take a look at the 10 stocks making headlines after financial results.

The third-quarter earnings season has ended. However, many U.S. stocks continue to release their financial results according to their own fiscal calendar. Companies from the consumer cyclical and tech sectors, including PagerDuty, Inc. (NYSE:PD), MongoDB, Inc. (NASDAQ:MDB), Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY), Stitch Fix, Inc. (NASDAQ:SFIX) and Toll Brothers, Inc. (NYSE:TOL), recently posted their quarterly results.

Shares of PagerDuty, MongoDB and Dave & Buster’s rose after beating expectations. However, Stitch Fix stock took a deep dive after offering a disappointing sales outlook for its fiscal second quarter.

To discuss the detailed results of these companies, let’s start our list of 10 stocks making headlines after financial results.

Photo by Austin Distel on Unsplash

Stocks Making Headlines After Financial Results

10. Sumo Logic, Inc. (NASDAQ:SUMO)

Number of Hedge Fund Holders: 15

Shares of Sumo Logic, Inc. (NASDAQ:SUMO) jumped more than 11 percent on Tuesday, December 7, 2021, after announcing better-than-expected financial results for its fiscal third quarter.

Sumo Logic, Inc. (NASDAQ:SUMO) reported an adjusted loss of 12 cents per share, narrower than the consensus forecast of 14 cents per share. In addition, the cloud-based machine data analytics company generated revenue of $62 million, up 20 percent from the year-ago quarter and above expectations of $60.9 million.

Looking forward, Sumo Logic, Inc. (NASDAQ:SUMO) expects an adjusted loss of around 17 cents per share and revenue between $63.7 – $64.7 million for its fiscal fourth quarter. For its FY 2022, the company expects adjusted loss in the range of 51 – 50 cents per share and revenue between $238.8 – $239.8 million.

Commenting on the quarter, CEO of Sumo Logic, Inc. (NASDAQ:SUMO), Ramin Sayar, said in a statement:

“Results were again driven by continued adoption of our leading Continuous Intelligence platform, which helps our customers ensure application reliability, manage and optimize multi-cloud infrastructure, as well as secure and protect against modern security threats.”

9. AeroVironment, Inc. (NASDAQ:AVAV)

Number of Hedge Fund Holders: 15

Shares of AeroVironment, Inc. (NASDAQ:AVAV) plunged nearly 30 percent on Tuesday, December 7, 2021, after posting mixed financial results for its fiscal second-quarter along with a disappointing full-year outlook.

The Virginia-based defense contractor reported adjusted earnings of 78 cents per share, up from 48 cents per share in the comparable period of 2020. Revenue for the quarter climbed 31.7 percent versus last year to $122 million. Analysts were expecting AeroVironment, Inc. (NASDAQ:AVAV) to post earnings of 62 cents per share on revenue of $130 million.

On the downside, the company slashed the financial outlook for its fiscal year 2022, citing supply chain disruptions and lack of staff.  AeroVironment, Inc. (NASDAQ:AVAV) now expects adjusted earnings in the range of $1.23 – $1.37 per share and revenue between $440 – $460 million. Previously, it was looking for adjusted earnings of $2.50 – $2.70 per share and revenue between $560 – $580 million.

Like AeroVironment, Inc. (NASDAQ:AVAV), investors are also closely watching PagerDuty, Inc. (NYSE:PD), MongoDB, Inc. (NASDAQ:MDB), Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY), Stitch Fix, Inc. (NASDAQ:SFIX) and Toll Brothers, Inc. (NYSE:TOL), following their earnings reports.

8. Avid Bioservices, Inc. (NASDAQ:CDMO)

Number of Hedge Fund Holders: 21

Shares of Avid Bioservices, Inc. (NASDAQ:CDMO) slipped nearly two percent in the after-hours trading session on Tuesday, December 7, 2021, despite beating expectations for its fiscal second quarter.

Avid Bioservices, Inc. (NASDAQ:CDMO) earned 6 cents per share during the quarter, up from 1 cent per share in the year-ago quarter. Analysts were looking for earnings of 2 cents per share.

Revenue came in at $26.1 million, up 24 percent versus the comparable period of 2020 and above expectations of $24 million. Looking forward, Avid Bioservices, Inc. (NASDAQ:CDMO) expects revenue in the range of $115 – $117 million for its fiscal year 2022.

Speaking on the results, CEO of Avid Bioservices, Inc. (NASDAQ:CDMO), Nicholas Green, said in a statement:

“The second quarter was highly productive and a transformative time for Avid. The company’s financial status is increasingly strong, supported by year-over-year revenue growth, continued new business wins and a substantial backlog. Our business development team continues to perform, signing $36 million in new business during the quarter, and ending the period with a backlog of $120 million.”

7. Casey’s General Stores, Inc. (NASDAQ:CASY)

Number of Hedge Fund Holders: 22

Shares of Casey’s General Stores, Inc. (NASDAQ:CASY) fell nearly four percent in the after-hours trading session on Tuesday, December 7, 2021, after its fiscal second-quarter earnings fell short of expectations.

Casey’s General Stores, Inc. (NASDAQ:CASY) reported earnings of $2.59 per share, down from $3 per share in the year-ago quarter and below the consensus forecast of $2.89 per share. On the bright side, the quarterly revenue of $3.26 billion surpassed expectations of $3.19 billion.

Inside same-store sales in the quarter rose 6 percent versus last year. Casey’s General Stores, Inc. (NASDAQ:CASY) attributed the surge to continuous improvement in guest traffic and solid demand for packaged beverages and grocery items.

Like Casey’s General Stores, Inc. (NASDAQ:CASY), PagerDuty, Inc. (NYSE:PD), MongoDB, Inc. (NASDAQ:MDB), Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY), Stitch Fix, Inc. (NASDAQ:SFIX) and Toll Brothers, Inc. (NYSE:TOL), also came into the spotlight after releasing their earnings reports.

6. HealthEquity, Inc. (NASDAQ:HQY)

Number of Hedge Fund Holders: 26

Shares of HealthEquity, Inc. (NASDAQ:HQY) fell to a nearly 20-month low on Tuesday, December 7, 2021, after announcing lower-than-expected revenue for its fiscal third quarter. The health care company posted revenue of $180 million, nearly flat versus the year-ago quarter and below expectations of $184.7 million.

In addition, HealthEquity, Inc. (NASDAQ:HQY) earned 35 cents per share on an adjusted basis, in line with the consensus forecast. This compares to adjusted earnings of 41 cents per share in the comparable period of 2020.

HealthEquity, Inc. (NASDAQ:HQY) also released the financial outlook for its fiscal year ending January 31, 2022. It expects adjusted earnings in the range of $1.30 – $1.35 per share and revenue between $750 and $755 million.

Discussing the results, CEO of HealthEquity, Inc. (NASDAQ:HQY), Jon Kessler, said in a statement:

“Adding to this year’s strong organic growth, we have on-boarded 160,000 new HSAs from Fifth Third Bank in the third quarter and 580,000 from Further in November to start our fourth quarter. HSA members have added nearly another $1 billion to their HSAs this quarter, and their HSA investments have grown significantly.”

5. Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY)

Number of Hedge Fund Holders: 26

Shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) rose nearly five percent in the pre-market trading session on Wednesday, December 8, 2021, after announcing better-than-expected profit and sales for its fiscal third quarter.

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) reported earnings of 21 cents per share, compared to a loss of $1.01 per share in the year-ago quarter. Revenue for the quarter skyrocketed 191.6 percent versus last year to $318.0 million. The results easily surpassed the consensus forecast of 12 cents per share for earnings and $319.7 million for revenue.

Comparable store sales for the quarter rose 1.1 percent versus the third quarter of 2019. Looking forward, Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) expects its comparable-store sales to be marginally positive in the fourth quarter versus the same period of 2019.

4. Stitch Fix, Inc. (NASDAQ:SFIX)

Number of Hedge Fund Holders: 30

Stitch Fix, Inc. (NASDAQ:SFIX) managed to beat expectations for its fiscal first-quarter, but its sales outlook fell short of estimates. The disappointing guidance sent its shares down more than 26 percent in the pre-market trading session on Wednesday, December 8, 2021.

The San Francisco-based personal styling service reported a loss of 2 cents per share, compared to earnings of 9 cents per share. Analysts were expecting Stitch Fix, Inc. (NASDAQ:SFIX) to post a loss of 14 cents per share.

Revenue for the quarter climbed 19 percent on a year-over-year basis to $581 million, beating expectations of $571 million. Looking forward, Stitch Fix, Inc. (NASDAQ:SFIX) expects revenue in the range of $505 – $520 million for its fiscal second quarter, well below the consensus forecast of $585 million.

Speaking on the results, CEO of Stitch Fix, Inc. (NASDAQ:SFIX), Elizabeth Spaulding, said:

“These quarterly results reflect a strong performance in our business from both Fix and Freestyle. With the launch of Stitch Fix Freestyle we are expanding and broadening our offering, and we are excited to continue to enhance the experience for clients through the introduction of new product features and expanded merchandise selections, increasing the number of purchase occasions we serve.”

3. PagerDuty, Inc. (NYSE:PD)

Number of Hedge Fund Holders: 30

Shares PagerDuty, Inc. (NYSE:PD) jumped more than 10 percent in the pre-market trading session on Wednesday, December 8, 2021, after the cloud computing company delivered impressive financial results for its fiscal third quarter.

PagerDuty, Inc. (NYSE:PD) reported an adjusted loss of 7 cents per share, narrower than the loss of 9 cents per share estimated by analysts. Revenue for the quarter climbed 33 percent on a year-over-year basis to $71.8 million, beating expectations of $70.2 million.

The company also released the financial outlook for its fiscal fourth quarter. PagerDuty, Inc. (NYSE:PD) expects adjusted loss in the range of 5 – 6 cents per share and revenue between $75.5 million – $76.5 million. Analysts were looking for a loss of 8 cents per share on revenue of $73.7 million for the current quarter.

CEO of PagerDuty, Inc. (NYSE:PD), Jennifer Tejada, expressed her pleasure with the results, saying:

“Q3 was an outstanding quarter for PagerDuty as we delivered record revenue of $72 million and grew 33% year over year. Our product innovation continues to accelerate across use cases and departments as we empower enterprises to mature their digital operations and deliver superior customer experiences.”

2. Toll Brothers, Inc. (NYSE:TOL)

Number of Hedge Fund Holders: 31

Shares of Toll Brothers, Inc. (NYSE:TOL) moved slightly up in the pre-market trading session on Wednesday, December 8, 2021, after delivering solid profit and sales for its fiscal fourth quarter.

The luxury homes builder earned $3.02 per share, significantly higher than $1.55 per share in the comparable quarter of 2020. Analysts were expecting Toll Brothers, Inc. (NYSE:TOL) to post earnings of $2.49 per share.

Revenue for the quarter came in at $3.04 billion, compared to $2.55 billion in the year-ago quarter and ahead of analysts’ average estimate of $2.9 billion. Overall, Toll Brothers, Inc. (NYSE:TOL) delivered 3,341 homes during the quarter, up 14 percent on a year-over-year basis.

Discussing the results, CEO of Toll Brothers, Inc. (NYSE:TOL), Douglas Yearley, said:

“Demand remains very strong. The housing market continues to benefit from solid fundamentals, including favorable demographics, pent up demand from over a decade of underproduction of new homes, low mortgage rates, a tight resale market, and permanent changes to the way Americans view life, work and home.”

1. MongoDB, Inc. (NASDAQ:MDB)

Number of Hedge Fund Holders: 47

Shares of MongoDB, Inc. (NASDAQ:MDB) climbed over 16 percent on Tuesday, December 7, 2021, after announcing impressive financial results for its fiscal third-quarter along with an upbeat outlook. The New York-based software company reported an adjusted loss of 11 cents per share, narrower than the loss of 31 cents per share in the year-ago quarter.

Revenue came in at $226.9 million, compared to $150.8 million in the same period last year. Analysts were expecting MongoDB, Inc. (NASDAQ:MDB) to post a loss of 38 cents per share on revenue of $205.3 million.

Looking forward, MongoDB, Inc. (NASDAQ:MDB) expects an adjusted loss in the range of 24 – 21 cents per share and revenue between $239 – $242 million for its fiscal fourth quarter. Analysts were looking for a loss of 34 cents per share on revenue of $227.8 million for the current quarter.

For its FY 2022, MongoDB, Inc. (NASDAQ:MDB) now expects an adjusted loss between 74 – 71 cents per share on revenue of $846.3 -$849.3 million. Previously, it was looking for an adjusted loss of $1.20 – $1.13 per share on revenue of $805.0 – $811.0 million for the same period.

Speaking on the results, CEO Dev Ittycheria said:

“MongoDB delivered another fantastic quarter, highlighted by 84% Atlas revenue growth and increasing our customer count to over 31,000. Our continued success reflects the adoption of our application data platform by customers who need to innovate faster to compete in today’s marketplace.”

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Disclosure: None. 10 Stocks Making Headlines After Financial Results is originally published on Insider Monkey.