5 Most Anticipated Quarterly Earnings Releases to Watch

In this article, we discuss 5 most anticipated quarterly earnings releases to watch. If you want to read about some more anticipated earnings releases, see 10 Most Anticipated Quarterly Earnings Releases to Watch. 

5. Joby Aviation, Inc. (NYSE:JOBY)

Number of Hedge Fund Holders: 23   

Joby Aviation, Inc. (NYSE:JOBY) is an air mobility firm. In March, the firm guided free cash flow guidance for 2022 to around $360 million, surprising analysts. It has also made progress in relation to the certification and manufacturing process of aircrafts, boosting confidence in the stock further. On March 18, the firm announced the completion of the first systems review by the Federal Aviation Administration. The firm said the approvals granted by the FAA had given it confidence in the preliminary production design and defined path towards certification. 

On April 28, JPMorgan analyst Bill Peterson initiated coverage of Joby Aviation, Inc. (NYSE:JOBY) with a Neutral rating and a price target of $7, noting the firm was a first mover in the emerging electric vertical takeoff and landing industry with leadership priced into the stock. 

At the end of the fourth quarter of 2021, 23 hedge funds in the database of Insider Monkey held stakes worth $134 million in Joby Aviation, Inc. (NYSE:JOBY), compared to 21 in the preceding quarter worth $231 million.