11 Stocks Catching Investors’ Eyes After Earnings Reports

In this article, we will take a look at the 11 stocks catching investors’ eyes after earnings reports.

Notable companies from the communication services and healthcare sectors, including AT&T Inc. (NYSE:T), Verizon Communications Inc. (NYSE:VZ), HCA Healthcare, Inc. (NYSE:HCA) and Intuitive Surgical, Inc. (NASDAQ:ISRG), recently came into the limelight after releasing their earnings reports.

HCA Healthcare shares fell sharply on weak earnings and outlook. On the other hand, shares of Verizon Communications and Intuitive Surgical also turned red, apparently due to a year-over-year decline in profitability.

Many other companies, including industrial products maker Dover Corporation (NYSE:DOV) and social media firm Snap Inc. (NYSE:SNAP), also traded on unusual volume following their financial results.

Now, let’s discuss the financial highlights of these companies.

Stocks Catching Investors’ Eyes After Earnings Reports

11. Autoliv, Inc. (NYSE:ALV)

Number of Hedge Fund Holders: 23

Shares of Autoliv, Inc. (NYSE:ALV) fell more than seven percent on Friday, April 22, 2022, followings its disappointing financial performance for the first quarter. The automotive safety supplier blamed higher raw-material costs and supply chain hurdles for the weak results.

Autoliv, Inc. (NYSE:ALV) reported adjusted earnings of 45 cents per share, significantly lower than $1.79 per share in the same period of 2021. Revenue slipped 5.3 percent on a year-over-year basis to $2.12 billion. The results missed the consensus of $1.11 per share for earnings and $2.18 billion for revenue.

The company also cut its sales outlook for fiscal 2022. Autoliv, Inc. (NYSE:ALV) now expects organic sales growth in the range of 12 – 17 percent versus its earlier forecast of around 20 percent.

Speaking on the results, CEO Mikael Bratt said in a statement:

“The first quarter of 2022 saw adverse impacts on an already distressed global supply chain, leading to increased cost inflation as well as lower global LVP. At the same time, customer demand visibility decreased, and customer call-off volatility increased leading to significantly higher premium freight and transportation costs. As a result of this, our sales and profitability were lower than we expected at the beginning of the quarter.”

10. Genuine Parts Company (NYSE:GPC)

Number of Hedge Fund Holders: 29

Genuine Parts Company (NYSE:GPC) recently announced better-than-expected financial results for the first quarter. The automotive parts distributor earned $1.86 per share on an adjusted basis, topping expectations of $1.68 per share.

Revenue for the quarter climbed 18.6 percent versus last year to $5.3 billion, beating estimates of $5.06 billion. Genuine Parts Company (NYSE:GPC) also released its segment-wise sales performance. Revenue from its automotive parts group jumped 10.9 percent to $3.3 billion, while revenue from the industrial parts group soared 33.6 percent to $2 billion in the quarter.

Looking forward, Genuine Parts Company (NYSE:GPC) raised its full-year adjusted earnings outlook to a range of $7.70 – $7.85 per share, compared to its earlier guidance between $7.45 – $7.60 per share. The updated outlook is better than the consensus of $7.59 per share.

Like Genuine Parts Company (NYSE:GPC), Verizon Communications Inc. (NYSE:VZ), HCA Healthcare, Inc. (NYSE:HCA) and Intuitive Surgical, Inc. (NASDAQ:ISRG), also came into the spotlight following their earnings reports.

9. Dover Corporation (NYSE:DOV)

Number of Hedge Fund Holders: 30

Shares of Dover Corporation (NYSE:DOV) recently hit a new 52-week low of $138.50 despite beating profit and sales expectations for the first quarter. The company reported adjusted earnings of $1.90 per share, up from $1.81 per share in the same period last year.

Revenue for the quarter rose 9.9 percent on a year-over-year basis to $2.05 billion. Analysts were expecting Dover Corporation (NYSE:DOV) to earn $1.83 per share on a revenue of $2.03 billion.

Dover Corporation (NYSE:DOV) also reaffirmed its financial outlook for 2022. It continues to expect adjusted earnings in the range of $8.45 – $8.65 per share and revenue growth of 8 – 10 percent for the full year.

8. Tractor Supply Company (NASDAQ:TSCO)

Number of Hedge Fund Holders: 31

Tractor Supply Company (NASDAQ:TSCO) is a leading rural lifestyle retailer, selling products related to agriculture, lawn maintenance, home improvement, and livestock, among others.

The Tennessee-based company recently announced its financial results for the first quarter. Tractor Supply Company (NASDAQ:TSCO) reported earnings of $1.65 per share, above the consensus of $1.41 per share. Revenue for the quarter increased 8.3 percent to $3.02 billion, compared to expectations of $2.92 billion.

Among other updates, Tractor Supply Company (NASDAQ:TSCO) reported that the negative impact of the pandemic delayed its new store openings in the quarter. However, the company still plans to open about 75 – 80 new stores in the current fiscal year.

Tractor Supply Company (NASDAQ:TSCO) also issued its financial outlook for 2022. It expects adjusted earnings in the range of $9.20 – $9.50 per share and revenue between $13.6 billion – $13.8 billion for the full year.

7. Kimberly-Clark Corporation (NYSE:KMB)

Number of Hedge Fund Holders: 32

Shares of Kimberly-Clark Corporation (NYSE:KMB) rose over eight percent on Friday, April 22, 2022, after its first-quarter results surpassed expectations. The Texas-based consumer products company reported adjusted earnings of $1.35 per share, compared to $1.80 per share in the first quarter of 2021.

In addition, Kimberly-Clark Corporation (NYSE:KMB) posted revenue of $5.1 billion, up 7 percent over the same period last year. The results exceeded analysts’ average estimate of $1.23 per share for earnings and $4.9 billion for revenue.

Kimberly-Clark Corporation (NYSE:KMB) also issued its segment-wise sales results. Revenue from the personal care segment jumped 11 percent to $2.7 billion, while revenue from the consumer tissue segment increased four percent to $1.6 billion in the quarter. In comparison, revenue from the KCP segment rose four percent to $0.8 billion.

Looking forward, Kimberly-Clark Corporation (NYSE:KMB) guided for adjusted earnings in the range of $5.60 – $6 per share and revenue growth between 2 – 4 percent for fiscal 2022.

Like Kimberly-Clark Corporation (NYSE:KMB), Verizon Communications Inc. (NYSE:VZ), HCA Healthcare, Inc. (NYSE:HCA) and Intuitive Surgical, Inc. (NASDAQ:ISRG), also came into the limelight after releasing their earnings reports.

6. Qualtrics International Inc. (NASDAQ:XM)

Number of Hedge Fund Holders: 38

Shares of Qualtrics International Inc. (NASDAQ:XM) fell to an all-time low on Friday, April 22, 2022, even after announcing better-than-expected results for the first quarter. The Seattle-based software technology company reported adjusted earnings of 1 cent per share, unchanged from the comparable period of 2021.

Revenue came in at $335.6 million, representing a big surge of 41 percent versus the year-ago quarter. Analysts were expecting Qualtrics International Inc. (NASDAQ:XM) to report a loss of 10 cents per share on revenue of $325.6 million.

Qualtrics International Inc. (NASDAQ:XM) also updated its financial outlook for the full year. It expects adjusted earnings in the range of breakeven per share to 2 cents per share and revenue between $1.428 – $1.432 billion for fiscal 2022.

Commenting on the quarter, CEO Zig Serafin said:

“Q1 was an outstanding quarter for Qualtrics – in fact, it was the biggest Q1 in our history. These results highlight the demand for experience management as companies of every size and in every industry navigate an uncertain environment.”

5. Snap Inc. (NYSE:SNAP)

Number of Hedge Fund Holders: 55

Shares of Snap Inc. (NYSE:SNAP) closed higher on Friday, April 22, 2022, despite announcing weak financial results for the first quarter. The social media firm reported a loss of 2 cents per share, contrary to analysts’ average estimate for earnings of a penny per share.

Revenue for the quarter jumped 38 percent on a year-over-year basis to $1.06 billion, missing expectations of $1.07 billion. On the bright side, Snap Inc. (NYSE:SNAP) reported that its daily active users in the quarter rose 18 percent versus last year to 332 million, beating expectations of 330 million.

Snap Inc. (NYSE:SNAP) also issued its sales outlook for the current quarter. The company expects its Q2 revenue to grow in the range of 20 – 25 percent over the comparable period of 2021.

Speaking on the results, CEO Evan Spiegel said:

“We remain focused on providing value for our growing community, delivering ROI for our advertising partners, and investing against our enormous opportunity in augmented reality. We’re excited to share many new products and services at our annual Snap Partner Summit next week.”

4. Intuitive Surgical, Inc. (NASDAQ:ISRG)

Number of Hedge Fund Holders: 63

Intuitive Surgical, Inc. (NASDAQ:ISRG) recently announced better-than-expected financial results for the first quarter. However, the company cautioned that the coronavirus resurgences continue to affect its da Vinci procedure volumes. The warning apparently sent Intuitive Surgical shares down to a nearly one-year low on Friday, April 22, 2022.

Global da Vinci procedures for the first quarter increased 19 percent on a year-over-year basis. However, Intuitive Surgical, Inc. (NASDAQ:ISRG) said the coronavirus resurgences once again impacted the results.

For the first quarter, Intuitive Surgical, Inc. (NASDAQ:ISRG) reported adjusted earnings of $1.13 per share, down from $1.17 per share in the same period of 2021. Revenue for the quarter increased 4 percent versus last year to $1.49 billion. The results surpassed the consensus of $1.08 per share for earnings and $1.43 billion for revenue.

Discussing the results, CEO Gary Guthart said:

“Customer demand for our products was healthy in the first quarter despite a challenging global environment. We remain focused on meeting that demand with high quality products and services while advancing our innovation programs.”

3. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 63

Shares of Verizon Communications Inc. (NYSE:VZ) slipped nearly six percent on Friday, April 22, 2022, following its first-quarter earnings report. The New York-based wireless network operator reported adjusted earnings of $1.35 per share, marginally down from $1.36 per share in the year-ago period but in line with the expectations.

Revenue for the quarter inched up 2.1 percent to $33.6 billion, while analysts were expecting Verizon Communications Inc. (NYSE:VZ) to generate revenue of $33.5 billion. Total wireless service revenue increased 9.5 percent to $18.3 billion, accounting for more than half of the total quarterly sales.

Looking forward, Verizon Communications Inc. (NYSE:VZ) expects its fiscal 2022 earnings to come at the lower end of the previously announced outlook of $5.40 – $5.55 per share.

Commenting on the quarter, CFO Matt Ellis said:

“We expect that over 75 percent of our growth over the next four years will come from 5G mobility and nationwide broadband. In the first-quarter, we saw growth in our wireless sales, customer loyalty, and rapid expansion of our fixed wireless product, fortifying our confidence in our growth prospects.”

2. HCA Healthcare, Inc. (NYSE:HCA)

Number of Hedge Fund Holders: 66

HCA Healthcare, Inc. (NYSE:HCA) recently announced weak first-quarter earnings, besides lowering its outlook for the full year. As a result, HCA stock plummeted over 21 percent on Friday, April 22, 2022.

The healthcare services provider reported earnings of $4.12 per share, missing expectations of $4.25 per share. On the positive side, HCA Healthcare, Inc. (NYSE:HCA) posted revenue of $14.94 billion, beating estimates of  $14.74 billion.

Looking forward, HCA Healthcare, Inc. (NYSE:HCA) now expects earnings in the range of $16.40 – $17.60 per share and revenue between $59.5 – $61.5 billion for fiscal 2022. Previously, it was looking for earnings in the range of $18.40 – $19.20 per share and revenue between $60 – $62 billion for the same period.

Discussing the results, CEO Sam Hazen said:

“In the first quarter, we had a number of positive volume and revenue indicators. Unfortunately, they were offset by higher than expected inflationary pressures on labor costs.”

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

Number of Hedge Fund Holders: 70

Shares of AT&T Inc. (NYSE:T) rose over four percent on Thursday, April 21, 2022, after its first-quarter results surpassed expectations. The latest performance was partly attributed to the aggressive expansion of its 5G services.

AT&T Inc. (NYSE:T) earned 77 cents per share on an adjusted basis, compared to 85 cents per share in the comparable period of 2021. Revenue came in at $38.1 billion, representing a drop of 13.3 percent on a year-over-year basis. Nevertheless, the results exceeded the consensus of 59 cents per share for earnings and $29.53 billion for revenue.

Among other updates, AT&T Inc. (NYSE:T) reported that it added 691,000 postpaid subscribers during the quarter. In addition, total HBO Max and HBO subscribers for the quarter increased by 12.8 million over the same period last year.

Speaking on the results, CEO John Stankey said:

“Our momentum in growing customer relationships is reaching historical levels. We had our best first quarter for postpaid phone net adds in more than a decade and our fiber broadband net adds remain consistently strong. Our results, including free cash flow, are in line with our expectations toward delivering on the full-year guidance provided at our recent Analyst Day.”

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Disclosure: None. 11 Stocks Catching Investors’ Eyes After Earnings Reports is originally published on Insider Monkey.