5 “Great” Earnings Reports Jim Cramer is Talking About

In this article, we will take a look at the 5 “great” earnings reports that Jim Cramer is talking about. If you want to explore similar stocks that Jim Cramer likes, you can go to 10 “Great” Earnings Reports Jim Cramer is Talking About.

5. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 84

Jim Cramer talked about Johnson & Johnson (NYSE:JNJ) and said that if the company was not going through litigation issues, its “stock would have soared after the quarter” since the company delivered “great” earnings. Cramer noted that the company’s medical devices segment performed “sharply better than expected”, however, he thinks that the company has to take care of its litigation issues as it can pressure its share price.

On April 18, Johnson & Johnson (NYSE:JNJ) announced earnings for the fiscal first quarter of 2023. The company’s revenue for the quarter grew by 5.63% year over year and amounted to $24.75 billion, outperforming Wall Street consensus by $1.15 billion. Johnson & Johnson (NYSE:JNJ) reported an EPS of $2.68 and beat expectations by $0.18.

84 hedge funds disclosed having stakes in Johnson & Johnson (NYSE:JNJ) at the end of Q4 2022. The total value of these stakes amounted to $5.57 billion. As of December 31, Bridgewater Associates is the largest shareholder in the company and has a stake worth $630 million.