5 Earnings Reports You Don’t Want to Miss

In this article, we discuss the 5 earnings reports you don’t want to miss. If you want to read our detailed analysis of these companies, go directly to the 10 Earnings Reports You Don’t Want to Miss.  

5. Roku, Inc. (NASDAQ:ROKU)

Number of Hedge Fund Holders: 43

Shares of Roku, Inc. (NASDAQ:ROKU) plunged over 26 percent on Friday, February 18, 2022, hitting a nearly 20-month low. The drop followed Roku’s weak fourth-quarter revenue and disappointing sales outlook for the first quarter.

Roku, Inc. (NASDAQ:ROKU) reported adjusted earnings of 17 cents per share, beating expectations of 9 cents per share. On the downside, the quarterly revenue of $865.3 million missed analysts’ average estimate of $894.0 million.

Looking forward, Roku, Inc. (NASDAQ:ROKU) expects to generate revenue of approx. $720 million in the current quarter. However, the outlook is below the consensus of $748.5 million.

4. Cisco Systems, Inc. (NASDAQ:CSCO)

Number of Hedge Fund Holders: 57

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) rose nearly three percent on Thursday, February 17, 2022, after beating profit and sales expectations for its fiscal second quarter. The tech giant reported adjusted earnings of 84 cents per share, up from 79 cents per share it earned during the same period one year ago.

In addition, Cisco Systems, Inc. (NASDAQ:CSCO) posted revenue of $12.7 billion, up 6 percent on a year-over-year basis. The results exceeded analysts’ average estimate of 81 cents per share for earnings and $12.65 billion for revenue.

Cisco Systems, Inc. (NASDAQ:CSCO) also released the sales numbers of its flagship businesses. Revenue from its Secure, Agile Networks segment rose 7 percent to $5.90 billion, while revenue from the Internet for the Future segment climbed 42 percent to $1.32 billion in the quarter. On the downside, revenue from the Hybrid Work segment fell 9 percent to $1.07 billion.

Looking forward, Cisco Systems, Inc. (NASDAQ:CSCO) guided for adjusted earnings in the range of 85 – 87 cents per share for its fiscal third quarter, in line with the consensus forecast of 86 cents per share.

3. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 63

Shares of Walmart Inc. (NYSE:WMT) rose over four percent on Thursday, February 17, 2022, following its upbeat financial performance for the fourth quarter. The Arkansas-based retail giant posted adjusted earnings of $1.53 per share, surpassing expectations of $1.50 per share.

Revenue for the quarter came in at $152.87 billion, marginally above $152.08 billion in the year-ago period and above the consensus of $151.54 billion. In addition, Walmart Inc. (NYSE:WMT) reported that its same-store sales in the U.S. grew 5.6 percent.

In comparison, same-store sales at its membership-only retail warehouse Sam’s Club increased 10.4 percent in the quarter. Moreover, its U.S. e-commerce sales inched up 1 percent on a year-over-year basis.

Discussing the results, CEO of Walmart Inc. (NYSE:WMT), Doug McMillon, said:

“We had another strong quarter to finish off a strong year. We have momentum in our business in all three segments. We’re being aggressive with our plans and executing on the strategy. It’s exciting to see how the teams are simultaneously navigating today’s challenges and reshaping our business.”

2. Applied Materials, Inc. (NASDAQ:AMAT)

Number of Hedge Fund Holders: 78

Applied Materials, Inc. (NASDAQ:AMAT) recently delivered solid profit and sales for its fiscal first quarter. However, its shares turned red on Thursday, February 17, apparently on a weak sales outlook.

The semiconductor equipment supplier earned $1.89 per share on an adjusted basis, ahead of the consensus forecast of $1.86 per share. Revenue for the quarter jumped 21 percent versus last year to $6.27 billion, while analysts expected Applied Materials, Inc. (NASDAQ:AMAT) to post revenue of $6.19 billion.

Looking forward, Applied Materials, Inc. (NASDAQ:AMAT) expects adjusted earnings in the range of $1.75 – $2.05 per share on revenue of around $6.35 billion for its fiscal second quarter. On the other hand, analysts were looking for earnings of $1.94 per share on revenue of $6.37 billion for the current quarter.

Speaking on the results, CEO Gary Dickerson said:

“While the supply environment remains challenging, Applied Materials is doing everything we can to deliver for our customers and we recorded our highest-ever quarterly revenues. Our outlook for 2022 and beyond is very positive as long-term secular trends drive our markets structurally higher and Applied’s broad technology portfolio puts us in a great position to capture a larger portion of our served markets.”

1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 110

NVIDIA Corporation (NASDAQ:NVDA) recently announced better-than-expected financial results for the fourth quarter, driven by the solid performance of its gaming and data center businesses.

However, sales at its automotive segment fell on a year-over-year basis due to weak demand and supply chain disruptions. The disappointing performance by the automotive unit apparently overshadowed the strong quarterly results, sending NVIDIA shares down for two straight days following its earnings report.

For the fourth quarter, NVIDIA Corporation (NASDAQ:NVDA) reported adjusted earnings of $1.32 per share, significantly higher than 77 cents per share in the year-ago period. Revenue for the quarter climbed 53 percent versus last year to $7.64 billion. The results easily surpassed the consensus forecast of $1.22 per share for earnings and 7.42 billion for revenue.

If we look at the performance of flagship units of NVIDIA Corporation (NASDAQ:NVDA), gaming revenue jumped 37 percent to $3.42 billion and data center revenue climbed 71 percent to $3.26 billion in the quarter. In comparison, professional visualization revenue skyrocketed 109 percent to $643 million, while automotive and robotics revenue declined 14 percent to $125 million in the quarter.

NVIDIA Corporation (NASDAQ:NVDA) also released its sales outlook for the first quarter. The company expects to generate revenue of around $8.10 billion for the current quarter, better than the consensus of $7.29 billion.

Discussing the results, CEO Jensen Huang said:

“We are seeing exceptional demand for NVIDIA computing platforms. NVIDIA is propelling advances in AI, digital biology, climate sciences, gaming, creative design, autonomous vehicles and robotics – some of today’s most impactful fields.”

You can also take a peek at Analysts Are Recommending These 10 Dividend Stocks and Top 10 Stock Picks of Thomas Bancroft’s Makaira Partners.

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