5 Stocks Making Headlines After Earnings Reports

In this article, we discuss the 5 stocks making headlines after earnings reports. If you want to read our detailed analysis of these companies, go directly to the 11 Stocks Making Headlines After Earnings Reports.  

5. Janus International Group, Inc. (NYSE:JBI)

Number of Hedge Fund Holders: 21

Shares of Janus International Group, Inc. (NYSE:JBI) rose more than six percent on Tuesday, March 15, 2022, after beating profit and sales expectations for its fiscal fourth quarter. The maker of building products reported adjusted earnings of 14 cents per share, easily topping the consensus of 8 cents per share.

Revenue for the quarter climbed nearly 60 percent on a year-over-year basis to $235.4 million, driven by strong results across its sales channels. Analysts were expecting Janus International Group, Inc. (NYSE:JBI) to post revenue of  $213.75 million.

Looking forward, Janus International Group, Inc. (NYSE:JBI) expects revenue in the range of $845 – $865 million for its current fiscal year. The midpoint of the guidance represents a growth of 14 percent over 2021.

Commenting on the quarter, CEO Ramey Jackson said:

“Our strong results capped off a highly successful, transformative year for Janus and our first as a public company. We generated substantial year-over-year revenue growth in the quarter from all of our sales channels, led again by particular strength in our R3 and Commercial and Other segments, and complimented by full-quarter contributions from the DBCI and ACT acquisitions completed earlier in 2021.”