5 Companies Under Investors’ Radar After Releasing their Earnings Reports

In this article, we discuss the 5 companies under investors’ radar after releasing their earnings reports. If you want to read our detailed analysis of these companies, go directly to the 10 Companies Under Investors’ Radar After Releasing their Earnings Reports.  

5. GoodRx Holdings, Inc. (NASDAQ:GDRX)

Number of Hedge Fund Holders: 35

Shares of GoodRx Holdings, Inc. (NASDAQ:GDRX) plunged to an all-time low in the pre-market trading session on Tuesday, March 1, 2022, following its disappointing financial performance for the fourth quarter.

GoodRx Holdings, Inc. (NASDAQ:GDRX) reported adjusted earnings of 9 cents per share on revenue of $213.3 million. The results fell short of the consensus forecast of 10 cents per share for earnings and $218 million for revenue.

Looking forward, GoodRx Holdings, Inc. (NASDAQ:GDRX) expects to generate revenue of approx. $200 million for the first quarter, translating to a growth of 25 percent over the comparable quarter of 2021.

Addressing shareholders in a letter, GoodRx Holdings, Inc. (NASDAQ:GDRX) said:

“We are excited about the opportunities in 2022 and beyond. When you’re a patient’s trusted advocate, you’ve earned the right to help patients navigate their entire healthcare journey. We believe there are still many adjacent categories for GoodRx to enter within the massive $4 trillion U.S. healthcare market, and we will approach each opportunity with the goal of making healthcare easier, more transparent, and more affordable for Americans.”