5 Earnings Reports Drawing Attention

In this article, we discuss the 5 earnings reports drawing attention. If you want to read our detailed analysis of these companies, go directly to the 10 Earnings Reports Drawing Attention.  

5. Roblox Corporation (NYSE:RBLX)

Number of Hedge Fund Holders: 50

Shares of Roblox Corporation (NYSE:RBLX) recently plummeted to an all-time low after the California-based gaming company announced disappointing financial results for the fourth quarter.

Roblox Corporation (NYSE:RBLX) reported a loss of 25 cents per share, wider than the consensus forecast for a loss of 13 cents per share. Revenue for the quarter climbed 83 percent on a year-over-year basis to $568.8 million but fell short of analysts’ average estimate of $772 million.

Among other updates, Roblox Corporation (NYSE:RBLX) reported that booking jumped 20 percent versus last year to $770.1 million in the quarter, while average daily active users climbed 33 percent to 49.5 million.

Speaking on the results, CEO of Roblox Corporation (NYSE:RBLX), David Baszucki, said:

“With nearly 55 million daily active users, Roblox is increasingly an integral part of people’s lives. As we look ahead to 2022, we will continue to develop our technology to enable deeper forms of communication, immersion and expression on our platform.”

4. ZoomInfo Technologies Inc. (NASDAQ:ZI)

Number of Hedge Fund Holders: 57

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) turned red on Wednesday, February 16, 2022, even after posting better-than-expected financial results for the fourth quarter. The company earned 18 cents per share on an adjusted basis, up from 12 cents per share in the year-ago period.

Revenue for the quarter skyrocketed 59 percent on a year-over-year basis to $222.3 million. Analysts expected ZoomInfo Technologies Inc. (NASDAQ:ZI) to post earnings of 13 cents per share on revenue of $207.69 million.

Looking forward, ZoomInfo Technologies Inc. (NASDAQ:ZI) guided for adjusted earnings in the range of 14 – 15 cents per share and revenue between $226 – $228 million for the first quarter. For the full year, the company expects adjusted earnings of 71 – 73 cents per share and revenue of $1.01 – $1.02 billion.

3. Airbnb, Inc. (NASDAQ:ABNB)

Number of Hedge Fund Holders: 58

Shares of Airbnb, Inc. (NASDAQ:ABNB) recently jumped to a two-month high following its impressive financial results for the fourth quarter, helped by continued recovery from the coronavirus pandemic.

Airbnb, Inc. (NASDAQ:ABNB) reported adjusted earnings of 8 cents per share, beating expectations of 3 cents per share. In addition, the quarterly revenue of $1.5 billion was up nearly 80 percent versus last year and above analysts’ average estimate of $1.46 billion.

The California-based online marketplace for lodging also released its sales outlook for the first quarter. Airbnb, Inc. (NASDAQ:ABNB) expects to generate revenue in the range of $1.41 – $1.48 billion for the current quarter, above expectations of $1.24 billion.

Discussing the results, CEO Brian Chesky said in a statement:

“The fourth quarter was another record quarter and 2021 was the best year in Airbnb’s history – despite the global pandemic. We are amidst the biggest change to travel since the advent of commercial flying. Airbnb’s adaptable model and relentless innovation are making it possible for us to grow this new category of travel we created.”

2. Shopify Inc. (NYSE:SHOP)

Number of Hedge Fund Holders: 73

Shares of Shopify Inc. (NYSE:SHOP) plunged to an eight-month low on Wednesday, February 16, 2022, despite posting its fourth-quarter results above expectations. The Canadian e-commerce company reported adjusted earnings of $1.36 per share, better than analysts’ average estimate of $1.27 per share.

In addition, Shopify Inc. (NYSE:SHOP) generated revenue of $1.38 billion, which topped the consensus forecast of $1.34 billion. Looking at the performance of its flagship segments, subscription solutions revenue for the quarter jumped 26 percent on a year-over-year basis to $351.2 million. In comparison, merchant solutions revenue climbed 47 percent to $1.028 billion.

Speaking on the results, President of Shopify Inc. (NYSE:SHOP), Harley Finkelstein, said in a statement:

“The last two years have been extraordinary. We nearly tripled revenue, more than doubled GMV and the Shopify team, and the number of merchants using Shopify is nearly twice as big as 2019 levels. We are emerging from the sprint of these last two years even stronger and more ambitious, since the accelerated leap into digital commerce means we can go farther faster for merchants and buyers alike.”

1. Analog Devices, Inc. (NASDAQ:ADI)

Number of Hedge Fund Holders: 74

Shares of Analog Devices, Inc. (NASDAQ:ADI) closed higher on Wednesday, February 16, 2022, after the Massachusetts-based semiconductor company delivered solid profit and sales for its fiscal first quarter.

Analog Devices, Inc. (NASDAQ:ADI) reported adjusted earnings of $1.94 per share, up from $1.44 per share in the comparable period one year ago. Revenue for the quarter climbed 72 percent versus last year to $2.68 billion. The results topped analysts’ average estimate of $1.77 per share for earnings and $2.60 billion for revenue.

The company also released its segment-wise sales performance. Analog Devices, Inc. (NASDAQ:ADI) reported that its industrial revenue jumped 57 percent to $1.34 billion, while automotive revenue skyrocketed 124 percent to $552.7 million in the quarter. In comparison, communications revenue soared 46 percent to $412.4 million and consumer revenue climbed 117 percent to $378.1 million.

Analog Devices, Inc. (NASDAQ:ADI) also updated the financial outlook for its fiscal second quarter. It guided for adjusted earnings in the range of $1.97 – $2.17 per share and revenue between $2.7 – $2.9 billion. Analysts were looking for earnings of $1.84 per share on revenue of $2.64 billion.

Commenting on the quarter, CEO Vincent Roche said:

“ADI delivered its fourth consecutive quarter of record revenue with momentum across all end markets and geographies. The growing demand for our solutions and our commitment to operational excellence enabled adjusted gross margin, operating margin and EPS to achieve new highs.”

You can also take a peek at 10 Dividend Aristocrats with Over 3% Yield and Top 10 Stock Picks of Thomas Bancroft’s Makaira Partners.

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