5 Companies on Investors’ Radar After Releasing Their Quarterly Results

In this article, we discuss the 5 companies on investors’ radar after releasing their quarterly results. If you want to read our detailed analysis of these companies, go directly to the 10 Companies on Investors’ Radar After Releasing Their Quarterly Results.

5. NextGen Healthcare, Inc. (NASDAQ:NXGN)

Number of Hedge Fund Holders: 22

Shares of NextGen Healthcare, Inc. (NASDAQ:NXGN) dropped nearly 10 percent in the extended hours on Tuesday, May 17, 2022, despite meeting profit expectations for its fiscal fourth quarter.

NextGen Healthcare, Inc. (NASDAQ:NXGN) reported adjusted earnings of 19 cents per share, down from 21 cents per share in the year-ago period. Revenue increased to $151.3 million, from $144.2 million in the comparable period of 2021. Analysts were looking for earnings of 19 cents per share on revenue of $150.06 million.

For its fiscal year 2023, NextGen Healthcare, Inc. (NASDAQ:NXGN) guided for adjusted earnings in the range of 95 cents – $1.01 per share and revenue between $628 – $640 million.

Discussing the results, CEO David Sides said:

“Fiscal fourth quarter reflects another strong performance driven by broad demand for our solutions and the high level of execution by our team. To better position us for faster revenue growth and operating leverage, we have accelerated the pace of investments in strategic domains – Enterprise, Office and Insights.”