10 Stocks Making Noise After Posting Their Financial Results

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

Several tech stocks were seen making big moves after releasing their earnings reports. For instance, shares of Smartsheet Inc. (NYSE:SMAR), Marvell Technology, Inc. (NASDAQ:MRVL), and Synopsys, Inc. (NASDAQ:SNPS) climbed to new highs after beating expectations for their respective quarters.

On the other hand, DocuSign, Inc. (NASDAQ:DOCU) stock took a deep dive in the pre-market trading session on Friday, 3 December 2021, after issuing a weak sales outlook along with its Q3 results. In addition, companies like Ulta Beauty, Inc. (NASDAQ:ULTA) and The Kroger Co. (NYSE:KR) also came into the limelight after posting their earnings reports.

We will discuss the detailed financial performance of these companies in the remaining article. So, let’s start our list of 10 stocks making noise after posting their financial results.

Stocks Making Noise After Posting Their Financial Results

10. Verint Systems Inc. (NASDAQ:VRNT)

Number of Hedge Fund Holders: 25

Shares of Verint Systems Inc. (NASDAQ:VRNT) slipped nearly three percent in the after-hours trading session on Thursday, 2 December 2021, despite beating expectations for its fiscal third quarter.

The New York-based analytics company reported adjusted earnings of 69 cents per share, compared to 73 cents per share in the year-ago quarter. Revenue for the quarter rose four percent versus last year to $227 million. Analysts were expecting Verint Systems Inc. (NASDAQ:VRNT) to post earnings of 53 cents per share on revenue of $218 million.

The company also updated the revenue outlook for its FY 2022. Verint Systems Inc. (NASDAQ:VRNT) expects to generate revenue of around $875 million, up from its earlier guidance of around $872 million.

9. Guidewire Software, Inc. (NYSE:GWRE)

Number of Hedge Fund Holders: 26

Guidewire Software, Inc. (NYSE:GWRE) recently announced the financial results for its fiscal first quarter ended 31 October 2021. The California-based software company reported a loss of 21 cents per share on an adjusted basis, compared to earnings of 17 cents per share in the same period of 2020. Analysts were looking for a loss of 25 cents per share.

In addition, Guidewire Software, Inc. (NYSE:GWRE) posted revenue of $165.9 million, down two percent versus the year-ago quarter but ahead of the consensus forecast of $164.8 million. If we break down the total revenue by segments, subscription and support revenue jumped 36 percent to $79 million, while services revenue inched up one percent to $46.8 million in the quarter. On the downside, license revenue plummeted 38 percent to $40.2 million.

Looking forward, Guidewire Software, Inc. (NYSE:GWRE) expects revenue in the range of $195 million – $199 million for its fiscal second quarter. Moreover, the company expects to generate revenue between $780 million – $790 million for its FY 2022.

Like Guidewire Software, Inc. (NYSE:GWRE), investors are also closely watching Smartsheet Inc. (NYSE:SMAR), Marvell Technology, Inc. (NASDAQ:MRVL), Synopsys, Inc. (NASDAQ:SNPS), and DocuSign, Inc. (NASDAQ:DOCU), after they posted their earnings reports.

8. Signet Jewelers Limited (NYSE:SIG)

Number of Hedge Fund Holders: 33

Shares of Signet Jewelers Limited (NYSE:SIG) slipped to a nearly one-month low on Thursday, 2 December 2021, even though the diamond jewelry retailer announced better-than-expected profit and sales for its fiscal third quarter.

Signet Jewelers Limited (NYSE:SIG) earned $1.43 per share on an adjusted basis, crushing the consensus forecast of 72 cents per share. Revenue for the quarter came in at $1.54 billion, ahead of analysts’ average estimate of $1.43 billion. Same-store sales of 18.9 percent also surpassed the expectations of 11.6 percent growth.

Looking forward, Signet Jewelers Limited (NYSE:SIG) now expects revenue in the range of $7.41 billion – $7.49 billion for its fiscal year 2022, compared to its previous projection of $7.04 billion – $7.19 billion. The updated outlook is nearly in line with the consensus forecast of $7.16 billion.

Speaking on the results, CFO of Signet Jewelers Limited (NYSE:SIG), Joan Hilson, said in a statement:

“We remain cautious in our outlook for the balance of the year given uncertainties with COVID and the new Omicron variant, as well as potential shifts in consumer spending patterns.”

7. PVH Corp. (NYSE:PVH)

Number of Hedge Fund Holders: 38

Shares of PVH Corp. (NYSE:PVH) fell over four percent on Thursday, 2 December 2021, after announcing mixed financial results for its fiscal third quarter. The New York-based clothing company reported adjusted earnings of $2.67 per share, significantly higher than $1.32 per share in the comparable period of 2020. It was also better than the consensus forecast of $2.08 per share.

However, the quarterly revenue of $2.333 billion missed analysts’ average estimate of $2.4 billion. PVH Corp. (NYSE:PVH) blamed the logistics hurdles for affecting its revenue. The company had posted revenue of $2.12 billion for the comparable period of 2020.

Looking forward, PVH Corp. (NYSE:PVH) expects adjusted earnings of around $9.25 per share for its FY 2021, compared to a loss of $1.97 per share last year. In addition, the company expects its full-year revenue to grow between 27 – 28 percent versus 2020.

Like PVH Corp. (NYSE:PVH), Smartsheet Inc. (NYSE:SMAR), Marvell Technology, Inc. (NASDAQ:MRVL), Synopsys, Inc. (NASDAQ:SNPS), and DocuSign, Inc. (NASDAQ:DOCU) also came into the spotlight after announcing their quarterly results.

6. The Kroger Co. (NYSE:KR)

Number of Hedge Fund Holders: 39

Shares of The Kroger Co. (NYSE:KR) jumped more than 11 percent on Thursday, 2 December 2021, after posting better-than-expected financial results for its fiscal third quarter along with an upbeat full-year outlook.

The Kroger Co. (NYSE:KR) earned 78 cents per share on an adjusted basis, beating the consensus forecast of 67 cents per share. Revenue came in at $31.86 billion, surpassing expectations of $31.16 billion. The company had posted adjusted earnings of 71 cents per share on revenue of $29.72 billion for the comparable period of 2020.

The Ohio-based grocer also updated its profit outlook for the full year. The Kroger Co. (NYSE:KR) expects adjusted earnings in the range of $3.40 – $3.50 per share, compared to its previous guidance of $3.25 – $3.35 per share. The revised projection is above the consensus forecast of $3.36 per share.

Discussing the results, CEO of The Kroger Co. (NYSE:KR), Rodney McMullen, said in a statement:

“Our focus on execution, combined with our continued discipline in balancing investments in our associates and customers with exceptional cost management, and growth in our alternative profit business allowed us to exceed internal expectations and deliver strong sales and earnings growth.”

5. Ulta Beauty, Inc. (NASDAQ:ULTA)

Number of Hedge Fund Holders: 42

Shares of Ulta Beauty, Inc. (NASDAQ:ULTA) rose more than five percent in the after-hours trading session on Thursday, 2 December 2021, after announcing solid profit and sales for its fiscal third quarter.

The beauty stores operator earned $3.94 per share in the quarter, well above $1.32 per share in the comparable period of 2020. Revenue for the quarter jumped 29 percent on a year-over-year basis to $2 billion. Analysts were expecting Ulta Beauty, Inc. (NASDAQ:ULTA) to post earnings of $2.48 per share on revenue of $1.89 billion.

The company also lifted the financial outlook for its fiscal year 2021. Ulta Beauty, Inc. (NASDAQ:ULTA) now expects earnings in the range of $16.70 – $17.10 per share and revenue between $8.5 – $8.6 billion for the full year. Previously, it was looking for earnings of $14.50 – $14.70 per share and revenue between $8.1 – $8.3 billion.

Speaking on the results, CEO of Ulta Beauty, Inc. (NASDAQ:ULTA), Dave Kimbell, said in a statement:

“The Ulta Beauty team delivered outstanding results again this quarter. For the third quarter, we delivered record sales and earnings, increased our market share, and expanded our Ultamate Rewards loyalty program to nearly 36 million members.”

4. Synopsys, Inc. (NASDAQ:SNPS)

Number of Hedge Fund Holders: 43

Shares of Synopsys, Inc. (NASDAQ:SNPS) hit a new 52-week high of $365.38 on Thursday, 2 December 2021, after announcing better-than-expected financial results for its fiscal fourth quarter.

Synopsys, Inc. (NASDAQ:SNPS) earned $1.82 per share on an adjusted basis, up from $1.58 per share in the year-ago quarter. Revenue came in at $1.152 billion, compared to $1.025 billion in the same period of 2020. The results exceeded the consensus forecast of $1.78 per share for earnings and $1.150 billion for revenue.

Looking forward, Synopsys, Inc. (NASDAQ:SNPS) expects adjusted earnings in the range of $2.35 – $2.40 per share and revenue between $1.25 – $1.28 billion for its fiscal first quarter.

Discussing the results, co-CEO of Synopsys, Inc. (NASDAQ:SNPS), Aart de Geus said:

“Synopsys delivered another record fiscal year in 2021, substantially exceeding our original targets, with strength in all product groups and geographies. We are entering fiscal year 2022 with significant financial, technology and customer momentum.”

3. Marvell Technology, Inc. (NASDAQ:MRVL)

Number of Hedge Fund Holders: 45

Shares of Marvell Technology, Inc. (NASDAQ:MRVL) skyrocketed more than 22 percent in the pre-market trading session on Friday, 3 December 2021, after delivering impressive results for its fiscal third quarter.

Marvell Technology, Inc. (NASDAQ:MRVL) reported adjusted earnings of 43 cents per share, beating expectations of 38 cents per share. The quarterly revenue of $1.211 billion also surpassed the consensus forecast of $1.15 billion.

The Delaware-based semiconductor company also released its financial outlook for the current quarter. Marvell Technology, Inc. (NASDAQ:MRVL) expects adjusted earnings of around 48 cents per share versus the consensus forecast of 42 cents per share. In addition, it expects to generate revenue of around $1.32 billion for the same period, compared to expectations of $1.21 billion.

Commenting on the quarter, CEO of Marvell Technology, Inc. (NASDAQ:MRVL), Matt Murphy said in a statement:

“Marvell delivered record revenue of $1.211 billion in the fiscal third quarter, growing 13 percent sequentially and 61 percent year over year, exceeding the high end of our guidance. Revenue grew substantially in each of our five end markets, led by data center, our largest contributor at 41 percent of total revenue, which grew 15 percent sequentially and 109 percent year over year.”

2. Smartsheet Inc. (NYSE:SMAR)

Number of Hedge Fund Holders: 50

Shares of Smartsheet Inc. (NYSE:SMAR) climbed over 16 percent in the pre-market trading session on Friday, 3 December 2021, after posting narrower-than-expected loss for its fiscal third quarter.

Smartsheet Inc. (NYSE:SMAR) reported an adjusted loss of 3 cents per share, compared to an adjusted loss of 12 cents per share in the year-ago quarter. Analysts were looking for a loss of 10 cents per share.

Revenue for the quarter jumped 46 percent on a year-over-year basis to $144.6 million, beating expectations of $140 million. If we look at the performance of Smartsheet’s flagship segments, subscription revenue soared 46 percent versus last year to $132.6 million. In comparison, professional services revenue advanced 50 percent to $12 million in the quarter.

Smartsheet Inc. (NYSE:SMAR) also issued its financial outlook for the current quarter. The company expects an adjusted loss in the range of 16 – 14 cents per share and revenue between $151 million to $152 million.

Discussing the results, CEO of Smartsheet Inc. (NYSE:SMAR), Mark Mader, said:

“This was a record quarter for Smartsheet on multiple financial and operational levels, including closing the highest number of large deals in a quarter and seeing the best bookings performance in our company’s history.”

1. DocuSign, Inc. (NASDAQ:DOCU)

Number of Hedge Fund Holders: 51

DocuSign, Inc. (NASDAQ:DOCU) recently delivered solid financial results for its fiscal third quarter. However, its sales outlook for the current quarter disappointed investors. The weak guidance sent its shares down more than 30 percent in the pre-market trading session on Friday, 3 December 2021.

The San Francisco-based developer of e-signature software reported earnings of 58 cents per share, beating the consensus forecast of 46 cents per share. In addition, DocuSign, Inc. (NASDAQ:DOCU) posted revenue of $545.5 million, up 42 percent versus last year and above analysts’ average estimate of $532.6 million.

On the downside, DocuSign, Inc. (NASDAQ:DOCU) projected revenue in the range of $557 million – $563 million for its fiscal fourth quarter, below the consensus forecast of $573.8 million.

Speaking on the results, CEO of DocuSign, Inc. (NASDAQ:DOCU), Dan Springer, said:

“Third quarter revenue growth of 42% year-over-year and operating margin of 22% exceeded our expectations. After six quarters of accelerated growth, we saw customers return to more normalized buying patterns, resulting in 28% year-over-year billings growth.”

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