10 Most Anticipated Earnings to Watch on Monday

Published on July 25, 2022 at 6:17 am by Fahad Ali Khan in News

In this article, we will take a look at the 10 most anticipated earnings to watch on Monday.

Famous gold miner Newmont Corporation (NYSE:NEM), semiconductor company NXP Semiconductors N.V. (NASDAQ:NXPI) and home appliances manufacturer Whirlpool Corporation (NYSE:WHR) are set to post their quarterly reports on Monday.

In addition, investors are also closely watching Range Resources Corporation (NYSE:RRC) and Universal Health Services, Inc. (NYSE:UHS), as they plan to release their second-quarter results.

We will discuss analysts’ expectations for these companies in the remaining article.

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10. Hexcel Corporation (NYSE:HXL)

Number of Hedge Fund Holders: 21

Hexcel Corporation (NYSE:HXL) plans to release its financial results for the second quarter after the market closes on Monday, July 25, 2022. Analysts are calling for earnings of 30 cents per share on revenue of $391.5 million.

In the first quarter, Hexcel Corporation (NYSE:HXL) swung to a profit, reporting adjusted earnings of 22 cents per share versus the consensus of 17 cents. Moreover, its Q1 revenue of $391 million also exceeded the expectations of $370.89 million.

Separately, investment management firm LRT Capital Management mentioned Hexcel Corporation (NYSE:HXL) in its first-quarter 2022 investor letter, stating:

“Hexcel manufactures carbon fiber composite materials with the primary end markets being aerospace and defense. The company’s stock price was hit heavily last year due to the decline in the aerospace market, but the stock is making an impressive comeback this year as the outlook for travel and aerospace demand improves. The near-term demand for lightweight, high-performance carbon fiber composites is still uncertain, but the longer-term trend is clearly very strong. As airplane manufacturers look to improve the fuel efficiency and performance of their planes, the primary way of doing this is to reduce weight. The 787, 777X and A350 are just the most recent examples of planes from Boeing and Airbus that utilize an increasing amount of carbon fiber materials in their construction. Just as is the case with Marriott, we do not view recent results as meaningful or indicative of a long-term trend, but rather a once in a century aberration due to the Covid-19 pandemic. Once Covid-19 recedes, we expect the demand for more fuel-efficient planes to return rather quickly, powering the demand for the company’s light weight carbon composites.”

9. Brown & Brown, Inc. (NYSE:BRO)

Number of Hedge Fund Holders: 24

Brown & Brown, Inc. (NYSE:BRO) is set to report its financial results for the second quarter after the closing bell on Monday, July 25, 2022. The Florida-based insurance brokerage firm is expected to report earnings of 49 cents per share on revenue of $804.16 million. This compares to earnings of 49 cents per share and revenue of $727.3 million reported by Brown & Brown, Inc. (NYSE:BRO) for the comparable period of 2021.

If we look at some other notable developments, Brown & Brown, Inc. (NYSE: BRO) recently announced a quarterly dividend of $0.1025 per share. In addition, the company also completed the acquisition of Global Risk Partners Limited earlier this month.

8. RPM International Inc. (NYSE:RPM)

Number of Hedge Fund Holders: 25

RPM International Inc. (NYSE:RPM) is engaged in manufacturing specialty coatings and sealants. It also provides building materials and related services to customers. RPM International Inc. (NYSE:RPM) is scheduled to report the financial results for its fiscal fourth quarter before the opening bell on Monday, July 25, 2022.

Analysts expect RPM International Inc. (NYSE:RPM) to report earnings of $1.44 per share, up from $1.28 per share in the year-ago period. Moreover, RPM International Inc. (NYSE:RPM) is expected to generate revenue of $1.97 billion for the quarter, compared to $1.74 billion in the same period of 2021.

RPM International Inc. (NYSE:RPM) shares haven’t gain any value during the past 12 months. The stock is also down about 12 percent on a year-to-date basis.

7. Calix, Inc. (NYSE:CALX)

Number of Hedge Fund Holders: 26

Calix, Inc. (NYSE:CALX) plans to announce its second-quarter results after the market closes on Monday, July 25, 2022. Analysts expect Calix, Inc. (NYSE:CALX) to earn 19 cents per share on revenue of $196.02 million.

Calix, Inc. (NYSE:CALX) had a good start to 2022. In the first quarter, it earned 22 cents per share on an adjusted basis, topping estimates of 20 cents per share. Moreover, its revenue of $184.9 million in Q1 was also better than the consensus of $177.64 million.

Like Calix, Inc. (NYSE:CALX), investors are also keeping an eye on Newmont Corporation (NYSE:NEM), NXP Semiconductors N.V. (NASDAQ:NXPI) and Whirlpool Corporation (NYSE:WHR) as they prepare to post their earnings reports.

6. F5, Inc. (NASDAQ:FFIV)

Number of Hedge Fund Holders: 29

F5, Inc. (NASDAQ:FFIV) will report its fiscal third-quarter results after the closing bell on Monday, July 25, 2022. Analysts expect the tech firm to report earnings of $2.24 per share on revenue of $667.5 million. This compares to the adjusted earnings of $2.76 per share and revenue of $652 million reported by F5, Inc. (NASDAQ:FFIV) in the comparable period of 2021.

Among other updates, F5, Inc. (NASDAQ:FFIV) recently received a downgrade from BofA. The research firm cut its ratings for F5 stock from “Buy” to “Neutral” on Wednesday, July 20, 2022.

BofA analyst Tal Liani believes that the consensus estimates for networking companies do not reflect the upcoming drop in the financials. Liani slashed his price target for F5, Inc. (NASDAQ:FFIV) from $215 per share to $170 per share.

5. Whirlpool Corporation (NYSE:WHR)

Number of Hedge Fund Holders: 33

Whirlpool Corporation (NYSE:WHR) is set to release its financial results for the second quarter on Monday, July 25, 2022. Analysts expect the home appliances maker to earn $5.24 per share on revenue of $5.23 billion.

Last month, Whirlpool Corporation (NYSE:WHR) inked a deal to sell its businesses in Russia. The decision came after several U.S. companies left the region after Russia invaded Ukraine. The development is expected to reduce its Q2 revenue by $300 – $400 million.

For the first quarter of 2022, Whirlpool Corporation (NYSE:WHR) reported adjusted earnings of $5.31 per share, beating the expectations of $4.79 per share. However, its Q1 sales of $4.92 billion missed the consensus of $5.3 billion.

4. Range Resources Corporation (NYSE:RRC)

Number of Hedge Fund Holders: 36

Range Resources Corporation (NYSE:RRC) plans to release its second-quarter results after the closing bell on Monday, July 25, 2022. The Texas-based natural gas explorer is expected to earn $1.24 per share on revenue of $935.36 million.

The outlook is significantly higher than the adjusted earnings of 24 cents per share and revenue of $435 million reported by Range Resources Corporation (NYSE:RRC) for the comparable period of 2021.

Earlier this year, investment management firm Aristotle Capital Management also talked about Range Resources Corporation (NYSE:RRC) in its first-quarter 2022 investor letter, stating:

“Range Resources (NYSE:RRC), a natural gas focused exploration and production company with operations in the Appalachian Basin, appreciated due to improved investor sentiment following an uptick in natural gas pricing. We maintain a position, as we believe the company’s low-cost acreage allows it to translate the healthy price environment into earnings and cash flow that is being used to reduce financial leverage, which can accrue additional value to equity shareholders in periods to come.”

3. Universal Health Services, Inc. (NYSE:UHS)

Number of Hedge Fund Holders: 40

Shares of Universal Health Services, Inc. (NYSE:UHS) have risen continuously over the last six trading days, gaining more than 10 percent during that period. The six-day winning streak could either end or continue, depending on the company’s second-quarter results.

Universal Health Services, Inc. (NYSE:UHS) is set to post its Q2 results after the closing bell on Monday, July 25, 2022. Analysts are calling for earnings of $2.35 per share on revenue of $3.3 billion.

Earlier this year, Universal Health Services, Inc. (NYSE:UHS) posted mixed financial results for Q1. The healthcare services provider reported adjusted earnings of $2.15 per share on revenue of $3.29 billion, while analysts were looking for earnings of $2.46 per share on revenue of $3.21 billion.

2. NXP Semiconductors N.V. (NASDAQ:NXPI)

Number of Hedge Fund Holders: 43

NXP Semiconductors N.V. (NASDAQ:NXPI) is scheduled to post its financial results for the second quarter after the market closes on Monday, July 25, 2022. Analysts expect the Netherlands-based semiconductor company to report earnings of $3.35 per share.

In addition, the consensus for Q2 revenue is $3.27 billion, representing a growth of 26.1 percent over the comparable period of 2021. NXP Semiconductors N.V. (NASDAQ:NXPI) also plans to conduct a conference call on Tuesday, July 26, to discuss its results with investors.

Separately, investment management firm Sound Shore Management also mentioned NXP Semiconductors N.V. (NASDAQ:NXPI) in its first-quarter 2022 investor letter: Here’s what the firm said:

“Similarly, analog chip supplier NXP Semiconductors declined even though the company reported above consensus revenue growth. A leading chip maker for infrastructure and automotive applications, we view NXP as a “new industrial,” uniquely positioned to benefit from increased chip content per application/vehicle. This includes electric and autonomous vehicles and more broadly, connectivity and the internet of things. We added the stock to the portfolio during the volatile fourth quarter of 2018 at just 10 times earnings. Today, NXP is still valued at a very reasonable 14 times earnings.”

1. Newmont Corporation (NYSE:NEM)

Number of Hedge Fund Holders: 53

Newmont Corporation (NYSE:NEM) plans to release its second-quarter results before the market opens on Monday, July 25, 2022. The world’s biggest gold mining company is expected to earn 70 cents per share on revenue of $3.19 billion.

Shares of Newmont Corporation (NYSE:NEM) have lost substantial value in recent months. The stock has declined more than 30 percent over the last three months. Much of that drop has been attributed to falling gold prices since Newmont Corporation (NYSE:NEM) generates most of its revenue from gold.

Meanwhile, industry experts believe that a drop in gold prices would likely continue, given a sharp surge in inflation and interest rates. Investors might avoid tangible assets, including gold, due to these factors. As a result, Newmont Corporation (NYSE:NEM) shares would likely stay under pressure in the near term.

You can also take a peek at Ken Fisher Loves These 10 Defensive Stocks and Jim Cramer Recommends These 10 Stocks For Recession.

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