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.”

4. SentinelOne, Inc. (NYSE:S)

Number of Hedge Fund Holders: 39

Shares of SentinelOne, Inc. (NYSE:S) climbed over 16 percent after the opening bell on Wednesday, March 16, 2022, after announcing better-than-expected financial results for its fiscal fourth quarter.

SentinelOne, Inc. (NYSE:S) reported an adjusted loss of 17 cents per share, narrower than the loss of 84 cents per share in the year-ago period. Revenue for the quarter climbed 120 percent on a year-over-year basis to $65.6 million. Analysts were looking for a loss of 18 cents per share on revenue of $60.7 million.

Among other updates, SentinelOne, Inc. (NYSE:S) announced that its total customers count climbed over 70 percent versus last year to 6,700. In addition, its adjusted gross margin stood at 66 percent in the quarter, compared to 54 percent in the same period last year.

For the current quarter, SentinelOne, Inc. (NYSE:S) guided for revenue in the range of $74 – $75 million. For its FY 2023, the company projected revenue between $366 – $370 million.

3. Vail Resorts, Inc. (NYSE:MTN)

Number of Hedge Fund Holders: 44

Shares of Vail Resorts, Inc. (NYSE:MTN) closed higher on Tuesday, March 15, 2022, despite missing profit and sales expectations for its fiscal second quarter. The mountain resort company earned $5.37 per share, below the consensus of $5.70 per share.

In addition, Vail Resorts, Inc. (NYSE:MTN) posted revenue of $906.5 million, up 32.4 percent on a year-over-year basis but behind analysts’ average estimate of $960.24 million. Lift revenue for the quarter rose 21.1 percent versus last year to $521.6 million and accounted for nearly 57 percent of the total sales.

Discussing the results, CEO of Vail Resorts, Inc. (NYSE:MTN), Ms Kirsten Lynch, said:

“We are pleased with our financial performance for the quarter. Visitation trends and demand for the experience at our resorts remain encouraging, particularly with destination guests, with results improving post-holidays as conditions improved, more terrain was opened and the impact of the COVID-19 Omicron variant receded.”

2. Smartsheet Inc. (NYSE:SMAR)

Number of Hedge Fund Holders: 59

Shares of Smartsheet Inc. (NYSE:SMAR) turned green after the opening bell on Wednesday, March 16, 2022, following an upbeat financial performance for its fiscal fourth quarter. The Washington-based software company reported an adjusted loss of 12 cents per share, narrower than analysts’ average estimate for a loss of 15 cents per share.

Revenue for the quarter came jumped 43 percent on a year-over-year basis to $157.4 million, topping expectations of $151.66 million. Smartsheet Inc. (NYSE:SMAR) also released its segment-wise sales performance. Its subscription revenue climbed 44 percent to $145.7 million, while professional services revenue rose 34 percent to $11.7 million in the quarter.

Looking forward, Smartsheet Inc. (NYSE:SMAR) expects adjusted loss in the range of 20 – 18 cents per share and revenue between $162 – $163 million for the current quarter. The revenue guidance represents a growth of 38 – 39 percent over the same period last year.

Praising the results, CEO Mark Mader said:

“Our results this quarter cap off an incredible fiscal year at Smartsheet. We once again set new quarterly records for large deals and accelerated annual billings growth. Our momentum has never been stronger.”

1. Coupa Software Incorporated (NASDAQ:COUP)

Number of Hedge Fund Holders: 59

Shares of Coupa Software Incorporated (NASDAQ:COUP) recently plunged to a nearly three-year low after announcing a weak sales outlook for its fiscal first quarter. The California-based tech company guided for revenue in the range of $189 – $191 million for the current quarter, below analysts’ average estimate of $196 million.

The weak sales outlook overshadowed the company’s better-than-expected financial results for its fiscal fourth quarter. Coupa Software Incorporated (NASDAQ:COUP) reported adjusted earnings of 19 cents per share, up from 17 cents per share in the year-ago period.

In addition, Coupa Software Incorporated (NASDAQ:COUP) posted revenue of $193.3 million, up 18 percent on a year-over-year basis. The results crushed the expectations of 5 cents per share for earnings and $185.68 million for revenue.

Speaking on the results, CEO of Coupa Software Incorporated (NASDAQ:COUP), Rob Bernshteyn, said:

“During Fiscal ’22, we grew new business in excess of 60%, which we define as new recurring revenue from new customer logos and add-on transactions. That growth was driven by strength in our core business, coupled with momentum in our integration of acquired assets.”

You can also take a peek at 10 Safe Dividend Stocks to Buy Today and 10 Undervalued Dividend Kings To Buy In 2022.

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