In this article, we discuss 5 most anticipated earnings to watch on Monday. If you want to see some more stocks reporting earnings this week, go directly to 10 Most Anticipated Earnings to Watch on Monday.
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.
