5 Companies in The Limelight After Releasing Their Financial Results

In this article, we discuss 5 companies in the limelight after releasing their financial results. If you want to read our detailed analysis of several other trending companies, go directly to 11 Companies in The Limelight After Releasing Their Financial Results.

5. UiPath Inc. (NYSE:PATH)

Number of Hedge Fund Holders: 28

Shares of UiPath Inc. (NYSE:PATH) recently fell to an all-time low after the company issued a weak sales outlook along with its Q4 results. The software company expects to generate revenue in the range of $223 – $225 million for the current quarter, below analysts’ average estimate of $243 million.

The weak guidance overshadowed UiPath’s better-than-expected results for its fiscal fourth quarter. UiPath Inc. (NYSE:PATH) reported adjusted earnings of $0.05 per share on revenue of $289.7 million. The results exceeded the consensus estimates of $0.03 per share for earnings and $283.57 million for revenue.

Speaking on the results, CEO of UiPath Inc. (NYSE:PATH), Daniel Dines, said:

“The UiPath team delivered a strong finish to fiscal year 2022 with fourth quarter net new ARR reaching a record $107 million, an increase of 72 percent year-over-year. We believe this is a testament to our highly differentiated end-to-end platform.”

4. Five Below, Inc. (NASDAQ:FIVE)

Number of Hedge Fund Holders: 35

Shares of Five Below, Inc. (NASDAQ:FIVE) fell over 6% on Wednesday after the company posted mixed financial results for its fiscal fourth quarter. The specialty discount retailer earned $2.49 per share, compared to $2.20 per share in the year-ago period.

Revenue came in at $996.3 million, representing a surge of 16.1% on a year-over-year basis. Analysts were expecting Five Below, Inc. (NASDAQ:FIVE) to report earnings of $2.48 per share on revenue of $1.01 billion.

Among other updates, Five Below, Inc. (NASDAQ:FIVE) announced that it opened 17 new stores during the quarter, bringing the total count to 1,190. In addition, the company reported that it repurchased $60 million worth of its common stock during the same period.

Five Below, Inc. (NASDAQ:FIVE) also released its financial outlook for the current quarter. The company guided for earnings between $0.54 and $0.62 per share and revenue in the range of $644 – $658 million for its fiscal first quarter.

3. Paychex, Inc. (NASDAQ:PAYX)

Number of Hedge Fund Holders: 35

Shares of Paychex, Inc. (NASDAQ:PAYX) recently hit a new 52-week high of $140.67 following the company’s upbeat financial performance for its fiscal third quarter. The HR and payroll services provider reported adjusted earnings of $1.15 per share, topping estimates of $1.05 per share.

Revenue for the quarter jumped 15% year-over-year to $1.28 billion, ahead of the consensus of $1.22 billion. Paychex, Inc. (NASDAQ:PAYX) also released its segment-wise sales performance. Its management solutions revenue jumped 13% to $959.9 million, while PEO and insurance solutions’ revenue climbed 21% to $301.7 million in the quarter.

Looking forward, Paychex, Inc. (NASDAQ:PAYX) revised its profit outlook for the full year. The company now expects its fiscal 2022 adjusted earnings to grow in the range of 22.5 – 23% versus its previous growth outlook of 18 – 20%.

Commenting on the results, CEO Martin Mucci said in a statement:

“While the impacts of COVID-19 are abating, businesses are still operating in a very complex and volatile environment. Focus is shifting from operational and financial survival during the height of the pandemic back to an employee-centric focus, with attracting and retaining talent, remote work, and workplace safety being top areas of concern.”

2. PVH Corp. (NYSE:PVH)

Number of Hedge Fund Holders: 38

Shares of PVH Corp. (NYSE:PVH) fell for two consecutive trading sessions after the release of the clothing retailer’s fiscal fourth-quarter results on Tuesday. The clothing company earned $2.84 per share, compared to a loss of $0.38 per share in the year-ago period.

In addition, PVH Corp. (NYSE:PVH) posted revenue of $2.43 billion, up from $2.09 billion in the linked period of 2020. The results were better than analysts’ average estimate of $2.00 per share for earnings and $2.38 billion for revenue.

Moving forward, PVH Corp. (NYSE:PVH) expects its fiscal first-quarter revenue to be relatively flat versus the comparable period of 2021. For fiscal 2022, the company projected revenue growth of 2 – 3% on a year-over-year basis.

Speaking on the results, CEO Stefan Larsson said:

“As we look ahead, we are confident in the strength and momentum in our business and our ability to drive strong underlying top and bottom line growth by leaning in to what is within our control, despite the significantly increased macroeconomic and geopolitical volatility over the last few months, including the war in Ukraine, the impact of the global pandemic, and the inflationary pressures we see across our regions.”

1. Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Number of Hedge Fund Holders: 42

Share of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) plunged to a nearly 15-month low in the early trading session on Friday despite the company beating profit and sales expectations for its fiscal second quarter.

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) reported adjusted earnings of $1.59 per share, compared to $1.26 per share in the same period last year. Analysts were looking for earnings of $1.38 per share.

Revenue for the quarter increased 3% on a year-over-year basis to $33.8 billion, topping expectations of $33.36 billion. Walgreens Boots Alliance, Inc. (NASDAQ:WBA) also released its region-wise sales performance. Revenue from the U.S inched up 1.2% to $27.7 billion, while international revenue rose 2.6% to $5.6 billion in the quarter.

Among other updates, Walgreens Boots Alliance, Inc. (NASDAQ:WBA) reported that it administered 11.8 million coronavirus vaccines in the second quarter, well below the 15.6 million figure from the prior quarter.

Discussing the latest financial results, CEO Rosalind Brewer said:

“We continue to make important strides along our strategic priorities, building a consumer-centric, technology-enabled healthcare enterprise at the center of local communities. VillageMD and Shields are delivering tremendous pro forma sales growth compared to their year-ago standalone results, and our Walgreens Health segment is on track toward long-term targets.”

You can also take a peek at 10 Dividend Stocks Better Than Cryptocurrencies and 10 Undervalued Dividend Kings To Buy In 2022.

Follow Insider Monkey on Twitter