In this article, we will take a look at the 11 much-awaited earnings reports to watch. You can skip our detailed analysis of these companies and go directly to the 5 Much-Awaited Earnings Reports to Watch.
Some of the largest U.S. stocks, including Microsoft Corporation (NASDAQ:MSFT), Alphabet Inc. (NASDAQ:GOOG) and Visa Inc. (NYSE:V), are making headlines after posting their earnings reports.
Shares of Microsoft and Visa rose following their upbeat quarterly performance. However, Alphabet stock plunged to a nearly one-year low after missing expectations for the first quarter.
Many other companies, including leading U.S. automaker General Motors Company (NYSE:GM) and semiconductor manufacturer Texas Instruments Incorporated (NASDAQ:TXN), are also garnering attention after releasing their financial results.
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Most-Awaited Earnings Reports to Watch
11. Teradyne, Inc. (NASDAQ:TER)
Number of Hedge Fund Holders: 40
Shares of Teradyne, Inc. (NASDAQ:TER) rose over four percent in the after-hours trading session on Tuesday, April 26, 2022, after posting its fiscal first-quarter quarter profit and sales above expectations.
Teradyne, Inc. (NASDAQ:TER) reported adjusted earnings of 98 cents per share, compared to $1.11 per share in the same period of 2021. Revenue decreased to $755 million, from $782 million in the year-ago quarter. The results easily surpassed the consensus of 88 cents per share for earnings and $740.98 million for revenue.
The automatic test equipment manufacturer also released its financial outlook for the second quarter. Teradyne, Inc. (NASDAQ:TER) expects adjusted earnings in the range of $1 – $1.29 per share and revenue between $780 – $870 million.
Discussing the outlook, CEO Mark Jagiela said in a statement:
“Entering the second quarter, the demand environment in test has incrementally improved from our January outlook with particular strength in automotive and Flash memory end markets. In Industrial Automation, both cobot demand at Universal Robots and autonomous mobile robot demand at MiR remain strong and we expect the revenue growth rate to accelerate through the year.”
10. Roper Technologies, Inc. (NYSE:ROP)
Number of Hedge Fund Holders: 41
Shares of Roper Technologies, Inc. (NYSE:ROP) closed higher on Tuesday, April 26, 2022, following its solid profit and sales for the first quarter and an upbeat outlook for the full year. The diversified industrial company earned $3.77 per share on an adjusted basis, beating expectations of $3.68 per share.
Revenue for the quarter jumped 11 percent on a year-over-year basis to $1.53 billion, ahead of the consensus of $1.47 billion. Roper Technologies, Inc. (NYSE:ROP) also released its segment-wise sales performance.
Its application software revenue rose 9.5 percent to $631.5 million, network software & systems revenue climbed 17.3 percent to $368.7 million, measurement & analytical solutions revenue increased 6.2 percent to $392.4 million, and process technologies revenue advanced 15.8 percent to $134 million in the quarter.
Looking forward, Roper Technologies, Inc. (NYSE:ROP) raised its fiscal 2022 outlook to a range of $15.50 – $15.75 per share, from its previous guidance of $15.25 – $15.55 per share. The midpoint of the updated outlook is above analysts’ average estimate of $15.54 per share.
Like Roper Technologies, Inc. (NYSE:ROP), investors are also closely watching Microsoft Corporation (NASDAQ:MSFT), Alphabet Inc. (NASDAQ:GOOG) and Visa Inc. (NYSE:V) following their earnings reports.
9. Chipotle Mexican Grill, Inc. (NYSE:CMG)
Number of Hedge Fund Holders: 47
Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) turned green in the after-hours trading session on Tuesday, April 26, 2022, after delivering impressive financial performance for the first quarter.
Chipotle Mexican Grill, Inc. (NYSE:CMG) reported adjusted earnings of $5.70 per share, up from $5.36 per share in the first quarter of 2021. Revenue also surged 16 percent versus last year to $2.02 billion. Analysts were looking for earnings of $5.64 per share on revenue of $2.01 billion.
Among other updates, Chipotle Mexican Grill, Inc. (NYSE:CMG) reported that its operating margin for the quarter increased to 9.4 percent, from 9.3 percent in the prior year. In addition, the company opened 51 new restaurants during the three months period ended March 31, 2022.
8. The Sherwin-Williams Company (NYSE:SHW)
Number of Hedge Fund Holders: 53
Shares of The Sherwin-Williams Company (NYSE:SHW) recently jumped to a nearly two-month high after beating profit and sales expectations for the first quarter. The Ohio–based paint and coating supplier reported adjusted earnings of $1.61 per share, topping estimates of $1.55 per share.
In addition, The Sherwin-Williams Company (NYSE:SHW) posted revenue of $5 billion, up 7.4 percent on a year-over-year basis and above expectations of $4.91 billion. Revenue from stores in the U.S. and Canada rose 3.8 percent in the quarter.
The Sherwin-Williams Company (NYSE:SHW) also reaffirmed its financial outlook for fiscal 2022. It continues to anticipate adjusted earnings in the range of $9.25 – $9.65 per share.
Speaking on the results, CEO John Morikis said in a statement:
“Our team delivered results in line with our expectations in an environment characterized by strong demand, ongoing cost inflation, and choppy raw material availability that improved meaningfully in the final weeks of the quarter.”
7. Texas Instruments Incorporated (NASDAQ:TXN)
Number of Hedge Fund Holders: 53
Texas Instruments Incorporated (NASDAQ:TXN) recently topped financial expectations for the first quarter. However, its second-quarter outlook disappointed investors, sending its shares down nearly three percent in the extended hours on Tuesday, April 26, 2022.
The semiconductor company’s earnings jumped 26 percent versus last year to $2.35 per share. Revenue for the quarter also rose 14 percent on a year-over-year basis to $4.91 billion. Analysts were expecting Texas Instruments Incorporated (NASDAQ:TXN) to earn $2.18 per share on revenue of $4.74 billion.
For the second quarter, Texas Instruments Incorporated (NASDAQ:TXN) guided for earnings in the range of $1.84 – $2.26 per share and revenue between $4.20 – $4.80 billion. The guidance was below the consensus of $2.27 per share for earnings and $4.94 billion for revenue. The company blamed lower demand in China for the weak outlook.
Like Texas Instruments Incorporated (NASDAQ:TXN), Microsoft Corporation (NASDAQ:MSFT), Alphabet Inc. (NASDAQ:GOOG) and Visa Inc. (NYSE:V) also came into the spotlight after releasing their earnings reports.
6. United Parcel Service, Inc. (NYSE:UPS)
Number of Hedge Fund Holders: 55
Shares of United Parcel Service, Inc. (NYSE:UPS) fell over three percent on Tuesday, April 26, 2022, despite announcing its first-quarter results above expectations. The package and document delivery giant earned $3.05 per share on an adjusted basis, topping estimates of $2.88 per share.
Revenue came in at $24.4 billion, up 6.4 percent versus the year-ago quarter and above expectations of $23.79 billion. United Parcel Service, Inc. (NYSE:UPS) also released the sales results from its flagship segments.
Revenue from the U.S. domestic segment increased 8 percent to $15.12 billion, while international revenue rose 5.8 percent to $4.88 billion in the quarter. In comparison, supply chain solutions revenue inched up 2 percent to $4.38 billion.
United Parcel Service, Inc. (NYSE:UPS) also reaffirmed its fiscal 2022 sales outlook of about $102 billion. Moreover, the company plans to increase its share repurchase target to $2 billion for the full year.
Commenting on the results, CEO Carol Tomé said:
“The agility of our network and the continued execution of our strategy delivered another quarter of strong financial performance, putting us on our way to achieving our 2022 consolidated financial targets.”
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Disclosure: None. 11 Much-Awaited Earnings Reports to Watch is originally published on Insider Monkey.
