5 Stocks Catching Investors’ Eyes After Earnings Reports

In this article, we discuss the 5 stocks catching investors’ eyes after earnings reports. If you want to read our detailed analysis of these companies, go directly to the 11 Stocks Catching Investors’ Eyes After Earnings Reports.

5. Snap Inc. (NYSE:SNAP)

Number of Hedge Fund Holders: 55

Shares of Snap Inc. (NYSE:SNAP) closed higher on Friday, April 22, 2022, despite announcing weak financial results for the first quarter. The social media firm reported a loss of 2 cents per share, contrary to analysts’ average estimate for earnings of a penny per share.

Revenue for the quarter jumped 38 percent on a year-over-year basis to $1.06 billion, missing expectations of $1.07 billion. On the bright side, Snap Inc. (NYSE:SNAP) reported that its daily active users in the quarter rose 18 percent versus last year to 332 million, beating expectations of 330 million.

Snap Inc. (NYSE:SNAP) also issued its sales outlook for the current quarter. The company expects its Q2 revenue to grow in the range of 20 – 25 percent over the comparable period of 2021.

Speaking on the results, CEO Evan Spiegel said:

“We remain focused on providing value for our growing community, delivering ROI for our advertising partners, and investing against our enormous opportunity in augmented reality. We’re excited to share many new products and services at our annual Snap Partner Summit next week.”

4. Intuitive Surgical, Inc. (NASDAQ:ISRG)

Number of Hedge Fund Holders: 63

Intuitive Surgical, Inc. (NASDAQ:ISRG) recently announced better-than-expected financial results for the first quarter. However, the company cautioned that the coronavirus resurgences continue to affect its da Vinci procedure volumes. The warning apparently sent Intuitive Surgical shares down to a nearly one-year low on Friday, April 22, 2022.

Global da Vinci procedures for the first quarter increased 19 percent on a year-over-year basis. However, Intuitive Surgical, Inc. (NASDAQ:ISRG) said the coronavirus resurgences once again impacted the results.

For the first quarter, Intuitive Surgical, Inc. (NASDAQ:ISRG) reported adjusted earnings of $1.13 per share, down from $1.17 per share in the same period of 2021. Revenue for the quarter increased 4 percent versus last year to $1.49 billion. The results surpassed the consensus of $1.08 per share for earnings and $1.43 billion for revenue.

Discussing the results, CEO Gary Guthart said:

“Customer demand for our products was healthy in the first quarter despite a challenging global environment. We remain focused on meeting that demand with high quality products and services while advancing our innovation programs.”

3. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 63

Shares of Verizon Communications Inc. (NYSE:VZ) slipped nearly six percent on Friday, April 22, 2022, following its first-quarter earnings report. The New York-based wireless network operator reported adjusted earnings of $1.35 per share, marginally down from $1.36 per share in the year-ago period but in line with the expectations.

Revenue for the quarter inched up 2.1 percent to $33.6 billion, while analysts were expecting Verizon Communications Inc. (NYSE:VZ) to generate revenue of $33.5 billion. Total wireless service revenue increased 9.5 percent to $18.3 billion, accounting for more than half of the total quarterly sales.

Looking forward, Verizon Communications Inc. (NYSE:VZ) expects its fiscal 2022 earnings to come at the lower end of the previously announced outlook of $5.40 – $5.55 per share.

Commenting on the quarter, CFO Matt Ellis said:

“We expect that over 75 percent of our growth over the next four years will come from 5G mobility and nationwide broadband. In the first-quarter, we saw growth in our wireless sales, customer loyalty, and rapid expansion of our fixed wireless product, fortifying our confidence in our growth prospects.”

2. HCA Healthcare, Inc. (NYSE:HCA)

Number of Hedge Fund Holders: 66

HCA Healthcare, Inc. (NYSE:HCA) recently announced weak first-quarter earnings, besides lowering its outlook for the full year. As a result, HCA stock plummeted over 21 percent on Friday, April 22, 2022.

The healthcare services provider reported earnings of $4.12 per share, missing expectations of $4.25 per share. On the positive side, HCA Healthcare, Inc. (NYSE:HCA) posted revenue of $14.94 billion, beating estimates of  $14.74 billion.

Looking forward, HCA Healthcare, Inc. (NYSE:HCA) now expects earnings in the range of $16.40 – $17.60 per share and revenue between $59.5 – $61.5 billion for fiscal 2022. Previously, it was looking for earnings in the range of $18.40 – $19.20 per share and revenue between $60 – $62 billion for the same period.

Discussing the results, CEO Sam Hazen said:

“In the first quarter, we had a number of positive volume and revenue indicators. Unfortunately, they were offset by higher than expected inflationary pressures on labor costs.”

1. AT&T Inc. (NYSE:T)

Number of Hedge Fund Holders: 70

Shares of AT&T Inc. (NYSE:T) rose over four percent on Thursday, April 21, 2022, after its first-quarter results surpassed expectations. The latest performance was partly attributed to the aggressive expansion of its 5G services.

AT&T Inc. (NYSE:T) earned 77 cents per share on an adjusted basis, compared to 85 cents per share in the comparable period of 2021. Revenue came in at $38.1 billion, representing a drop of 13.3 percent on a year-over-year basis. Nevertheless, the results exceeded the consensus of 59 cents per share for earnings and $29.53 billion for revenue.

Among other updates, AT&T Inc. (NYSE:T) reported that it added 691,000 postpaid subscribers during the quarter. In addition, total HBO Max and HBO subscribers for the quarter increased by 12.8 million over the same period last year.

Speaking on the results, CEO John Stankey said:

“Our momentum in growing customer relationships is reaching historical levels. We had our best first quarter for postpaid phone net adds in more than a decade and our fiber broadband net adds remain consistently strong. Our results, including free cash flow, are in line with our expectations toward delivering on the full-year guidance provided at our recent Analyst Day.”

You can also take a peek at 10 Cryptocurrencies Redditors are Buying in April and 10 Undervalued Dividend Kings To Buy In 2022.

Follow Insider Monkey on Twitter