11 Quarterly Reports Everyone is Talking About

In this article, we will take a look at the 11 quarterly reports everyone is talking about.

Notable tech stocks, including New Relic, Inc. (NYSE:NEWR), Marqeta, Inc. (NASDAQ:MQ) and Motorola Solutions, Inc. (NYSE:MSI), were spotted trading on unusual volume after releasing their financial results.

If we look at their price actions, Motorola stock rose on better-than-expected results, while New Relic shares hit a new 52-week low after posting a wider-than-expected loss. On the other hand, Marqeta shares moved up in the pre-market trading Friday, May 13, despite delivering mixed quarterly performance.

Many other companies, including electric vehicle maker Rivian Automotive, Inc. (NASDAQ:RIVN) and entertainment giant The Walt Disney Company (NYSE:DIS), also came into the limelight after posting their earnings reports.

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Quarterly Reports Everyone is Talking About

11. NICE Ltd. (NASDAQ:NICE)

Number of Hedge Fund Holders: 24

Shares of NICE Ltd. (NASDAQ:NICE) rose more than four percent on Thursday, May 12, 2022, after beating financial expectations for the first quarter and lifting its outlook for the full year.

NICE Ltd. (NASDAQ:NICE) reported adjusted earnings of $1.80 per share, up from $1.54 per share in the year-ago period. Revenue for the quarter also rose 15.4 percent on a year-over-year basis to $527.4 million. The results exceeded the consensus of $1.71 per share for earnings and $510.8 million for revenue.

For fiscal 2022, NICE Ltd. (NASDAQ:NICE) now expects adjusted earnings in the range of $7.25 – $7.45 per share and revenue between $2.16 – $2.18 billion. Previously, it was looking for adjusted earnings of $7.07 – $7.27 per share and revenue of $2.14 – $2.16 billion.

Speaking on the results, CEO Barak Eilam said in a statement:

“Demand is strong, and we are seeing it across the board in our business. Our exceptional financial profile of double-digit top line growth combined with best-in-class profitability, outstanding cash generation and a rock-solid balance sheet, uniquely positions us in our industry to further cement our leadership.”

10. Bumble Inc. (NASDAQ:BMBL)

Number of Hedge Fund Holders: 25

Shares of Bumble Inc. (NASDAQ:BMBL) skyrocketed nearly 27 percent on Thursday, May 12, 2022, after announcing better-than-expected financial results for the first quarter. The Texas-based online dating platform primarily benefitted from solid revenue from its flagship Bumble app.

Bumble Inc. (NASDAQ:BMBL) reported earnings of 13 cents per share, contrary to analysts’ average estimate for a loss of 3 cents per share. Revenue for the quarter jumped 24 percent versus last year to $211 million, beating the expectations of $208.37 million.

Revenue from the Bumble app climbed 38 percent on a year-over-year basis to $155.4 million. In comparison, Badoo app and other revenue slipped 4 percent to $55.8 million in the quarter. Among other updates, Bumble Inc. (NASDAQ:BMBL) reported that total paying users rose to 3 million.

Looking forward, Bumble Inc. (NASDAQ:BMBL) expects to generate revenue in the range of $218 – $221 million for the second quarter and between $934 – $944 million for fiscal 2022. This compares to the consensus of $224.46 million for the current quarter and $940.28 million for the full year.

Like Bumble Inc. (NASDAQ:BMBL), New Relic, Inc. (NYSE:NEWR), Marqeta, Inc. (NASDAQ:MQ) and Rivian Automotive, Inc. (NASDAQ:RIVN) also came into the limelight after posting their quarterly reports.

9. Mister Car Wash, Inc. (NYSE:MCW)

Number of Hedge Fund Holders: 25

Shares of Mister Car Wash, Inc. (NYSE:MCW) fell nearly two percent in the extended hours on Thursday, May 12, 2022, following its first-quarter results. The leading car wash operator earned 11 cents per share on an adjusted basis, up from 9 cents per share in the year-ago period.

Revenue came in at $219.4 million, representing a jump of 25 percent over the same period of 2021. Analysts were expecting Mister Car Wash, Inc. (NYSE:MCW) to report earnings of 11 cents per share on revenue of $214.62 million.

Mister Car Wash, Inc. (NYSE:MCW) also issued its financial outlook for fiscal 2022. The company guided for adjusted earnings in the range of 44 – 47 cents per share and revenue between $875 – $895 million for the full year.

8. Compass, Inc. (NYSE:COMP)

Number of Hedge Fund Holders: 28

Shares of Compass, Inc. (NYSE:COMP) slightly moved up in the after-hours trading session on Thursday, May 12, 2022, after posting a narrower-than-expected loss for the first quarter. The real estate technology company reported a loss of 45 cents per share, compared to analysts’ average estimate for a loss of 48 cents per share.

In addition, Compass, Inc. (NYSE:COMP) posted revenue of $1.4 billion, up 25 percent on a year-over-year basis and above the consensus of $1.34 billion. Total transactions for the quarter jumped 18 percent, while gross transaction value rose 23 percent.

For the second quarter, Compass, Inc. (NYSE:COMP) projected revenue in the range of $2 – $2.2 billion. For the full year, the company expects to produce revenue between $7.6 billion to $8 billion.

Discussing the results, CEO Robert Reffkin said in a statement:

“The Compass platform has been a major factor in our ability to take share by attracting agents and helping them grow their business. We see the current macro uncertainty as an opportunity for us to extend our technology lead over the rest of the industry, creating an even wider moat.”

7. Toast, Inc. (NYSE:TOST)

Number of Hedge Fund Holders: 34

Shares of Toast, Inc. (NYSE:TOST) rose nearly five percent in the after-hours trading session on Thursday, May 12, 2022, despite posting mixed financial performance for the first quarter. The Boston-based restaurant technology company reported a loss of 20 cents per share, narrower than a loss of 48 cents per share in the year-ago period.

Revenue for the quarter climbed 90 percent versus last year to $535 million. Analysts were expecting Toast, Inc. (NYSE:TOST) to report a loss of 13 cents per share on revenue of $490.87 million.

On the bright side, Toast, Inc. (NYSE:TOST) raised its sales outlook for fiscal 2022. The company now expects revenue in the range of $2.50 – $2.55 billion, compared to its previous guidance of $2.349 – $2.409 billion.

Like Toast, Inc. (NYSE:TOST), investors are also closely watching New Relic, Inc. (NYSE:NEWR), Marqeta, Inc. (NASDAQ:MQ) and Rivian Automotive, Inc. (NASDAQ:RIVN) following their quarterly reports.

6. Olaplex Holdings, Inc. (NASDAQ:OLPX)

Number of Hedge Fund Holders: 35

Olaplex Holdings, Inc. (NASDAQ:OLPX) recently surpassed financial expectations for the first quarter and reaffirmed its sales outlook for the full year. The latest performance sent Olaplex shares up more than five percent on Thursday, May 12, 2022.

The California-based hair care products retailer reported adjusted earnings of 13 cents per share, compared to 9 cents per share in the year-ago period. Analysts were looking for earnings of 11 cents per share.

In addition, Olaplex Holdings, Inc. (NASDAQ:OLPX) posted revenue of $186.2 million, up 57.6 percent over the same period of 2021 and above the consensus forecast of $172.46 million. If we look at its region-wise sales performance, revenue from the U.S. climbed 65.1 percent, while international revenue jumped 45.7 percent in the quarter.

For fiscal 2022, Olaplex Holdings, Inc. (NASDAQ:OLPX) continues to expect revenue between $796 – $826 million, nearly in line with analysts’ average estimate of $820.38 million.

5. Motorola Solutions, Inc. (NYSE:MSI)

Number of Hedge Fund Holders: 36

Shares of Motorola Solutions, Inc. (NYSE:MSI) turned green in the pre-market trading session on Friday, May 13, 2022, after beating financial expectations for the first quarter. The communications and analytics solutions provider earned $1.70 per share on an adjusted basis, topping estimates of $1.61 per share.

Revenue for the quarter rose 7 percent on a year-over-year basis to $1.9 billion, against the consensus of $1.83 billion. Motorola Solutions, Inc. (NYSE:MSI) also released its segment-wise sales results. Revenue from the products and systems integration business increased 9 percent, while software and services revenue increased 4 percent in the quarter.

Looking forward, Motorola Solutions, Inc. (NYSE:MSI) anticipates adjusted earnings in the range of $1.83 – $1.88 per share and revenue growth between 4 – 5 percent for the current quarter.

Discussing the results, CEO Greg Brown said:

“Record first-quarter orders, sales and ending backlog position us well for continued growth in 2022, while we continue to navigate a challenging macroeconomic and supply chain environment.”

4. New Relic, Inc. (NYSE:NEWR)

Number of Hedge Fund Holders: 37

Shares of New Relic, Inc. (NYSE:NEWR) hit a new 52-week low in the pre-market trading session on Friday, May 13, 2022, after posting a wider-than-expected loss for its fiscal fourth quarter.

New Relic, Inc. (NYSE:NEWR) reported an adjusted loss of 24 cents per share, narrower than 27 cents per share in the year-ago period. Revenue increased to $206 million, from $173 million in the comparable quarter of 2021. Analysts were looking for a loss of 21 cents per share on revenue of $204.52 million.

For its fiscal first quarter, New Relic, Inc. (NYSE:NEWR) expects an adjusted loss in the range of 35 – 38 cents per share and revenue between $212 – $214 million. For its FY 2023, the company guided for an adjusted loss of 31 – 37 cents per share and revenue of $920 – $930 million.

3. Marqeta, Inc. (NASDAQ:MQ)

Number of Hedge Fund Holders: 39

Shares of Marqeta, Inc. (NASDAQ:MQ) rallied over 18 percent on Thursday, May 12, 2022, despite its mixed financial performance for the first quarter. The Oakland-based fintech company reported a loss of 11 cents per share, wider than analysts’ average estimate for a loss of 8 cents per share.

On the bright side, revenue for the quarter climbed 54 percent versus last year to $166 million and exceeded the consensus of $161.27 million. In addition, Marqeta, Inc. (NASDAQ:MQ) reported that total processing volume for the quarter jumped 53 percent on a year-over-year basis to $37 billion.

Marqeta, Inc. (NASDAQ:MQ) also released its sales outlook for the current quarter. The company expects its Q2 revenue to grow in the range of 46 – 48 percent over the same period of 2021.

Commenting on the quarter, CEO Jason Gardner said:

“Our results for the first quarter of 2022 put the fundamentals of Marqeta’s modern card issuing platform on strong display, as we powered our customers to new milestones of scale and enabled their global expansion, while launching new products and partners that further enrich the value we provide them.”

2. Rivian Automotive, Inc. (NASDAQ:RIVN)

Number of Hedge Fund Holders: 47

Shares of Rivian Automotive, Inc. (NASDAQ:RIVN) jumped nearly 18 percent on Thursday, May 12, 2022, following its first-quarter results. The Irvine-based electric vehicle maker reported an adjusted loss of $1.43 per share, compared to analysts’ average estimate for a loss of $1.44 per share.

On the downside, the quarterly revenue of $95 million missed the consensus of $130.5 million with a big margin. In addition, Rivian Automotive, Inc. (NASDAQ:RIVN) reported that it produced 2,553 vehicles during the first quarter. Moreover, the company also reaffirmed its target of producing 25,000 vehicles in the current fiscal year.

In a letter to shareholders, Rivian Automotive, Inc. (NASDAQ:RIVN) said:

“We are now ramping production and deliveries of our R1T, R1S, and EDV 700, and while there have been challenges in ramping these vehicles with the current supply chain backdrop, we couldn’t be more energized about the impact we can deliver. With the above launch products in mind, our goal is to build Rivian into one of the most recognizable brands in the world.”

1. The Walt Disney Company (NYSE:DIS)

Number of Hedge Fund Holders: 111

The Walt Disney Company (NYSE:DIS) recently missed profit and sales expectations for its fiscal second quarter. The entertainment giant reported adjusted earnings of $1.08 per share, significantly higher than 79 cents per share in the year-ago period.

In addition, The Walt Disney Company (NYSE:DIS) posted revenue of $19.2 billion, up 23 percent on a year-over-year basis. However, the results fell short of analysts’ average estimate of $1.19 per share for earnings and $20.03 billion for revenue.

The company’s largest segment, Media and Entertainment Distribution, generated revenue of $13.62 billion, compared to $12.44 billion in the same period of 2021. Among other updates, The Walt Disney Company (NYSE:DIS) reported that it added 7.9 million new Disney+ subscribers in the quarter, bringing the total count to 137.7 million.

Speaking on the results, CEO Bob Chapek said in a statement:

“Our strong results in the second quarter, including fantastic performance at our domestic parks and continued growth of our streaming services—with 7.9 million Disney+ subscribers added in the quarter and total subscriptions across all our DTC offerings exceeding 205 million—once again proved that we are in a league of our own.”

You can also take a peek at 10 Cheap Oil Stocks to Buy in 2022 and 10 Favorite Stocks of Dan Loeb’s Third Point.

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Disclosure: None. 11 Quarterly Reports Everyone is Talking About is originally published on Insider Monkey.