11 Stocks Making Noise After Releasing Their Financial Results

In this article, we will take a look at the 11 stocks making noise after releasing their financial results.

Stocks from the industrials and technology sectors, including FedEx Corporation (NYSE:FDX), Accenture plc (NYSE:ACN) and PagerDuty, Inc. (NYSE:PD), recently came out with their financial results.

If we look at their price actions, PagerDuty shares rallied over 20 percent following its upbeat financial performance, while FedEx stock turned red after posting lower-than-expected earnings. On the other hand, Accenture shares also dropped even after beating financial expectations for its fiscal second quarter.

Several other stocks, including discount retailer Dollar General Corporation (NYSE:DG) and jewelry retailer Signet Jewelers Limited (NYSE:SIG), also caught investors’ attention following their earnings reports.

11. GameStop Corp. (NYSE:GME)

Number of Hedge Fund Holders: 14

Shares of GameStop Corp. (NYSE:GME) fell over eight percent in the after-hours trading session on Thursday, March 17, 2022, after swinging back to a loss in its fiscal fourth quarter. The Texas-based video game retailer reported a loss of $1.94 per share, compared to earnings of $1.23 per share in the year-ago period.

Revenue for the quarter came in at $2.254 billion, slightly higher than $2.122 billion in the comparable period of 2020. Analysts were expecting GameStop Corp. (NYSE:GME) to report earnings of 84 cents per share on revenue of $2.22 billion.

Among other updates, GameStop Corp. (NYSE:GME) announced that it collaborated with several gaming companies, such as Alienware and Corsair, which helped lift its revenue during the quarter. In addition, the company announced that it joined hands with Immutable X to support the development of its NFT marketplace.

10. Vacasa, Inc. (NASDAQ:VCSA)

Number of Hedge Fund Holders: 17

Shares of Vacasa, Inc. (NASDAQ:VCSA) climbed nearly 14 percent on Thursday, March 17, 2022, following its upbeat financial performance for the fourth quarter. The vacation rental management company reported a loss of 6 cents per share, narrower than analysts’ average estimate for a loss of 28 cents per share.

In addition, Vacasa, Inc. (NASDAQ:VCSA) posted revenue of $192 million, up 76 percent on a year-over-year basis and above expectations of $179.92 million. Nights sold, a key business metric, increased 55 percent versus last year to 1.1 million.

Vacasa, Inc. (NASDAQ:VCSA) also issued its sales outlook for the first quarter and FY 2022. It expects revenue in the range of $245 – $255 million for the current quarter and between $1.125 – $1.175 billion for the full year.

Like Vacasa, Inc. (NASDAQ:VCSA), FedEx Corporation (NYSE:FDX), Accenture plc (NYSE:ACN) and PagerDuty, Inc. (NYSE:PD) also came into the spotlight after releasing their financial results.

9. G-III Apparel Group, Ltd. (NASDAQ:GIII)

Number of Hedge Fund Holders: 18

Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) jumped over 14 percent on Thursday, March 17, 2022, after delivering impressive financial results for its fiscal fourth quarter. The New York-based apparel retailer earned 98 cents per share, significantly higher than 30 cents per share in the year-ago period.

Revenue for the quarter jumped 42 percent on a year-over-year basis to $748.15 million. The results easily topped the consensus of 64 cents per share for earnings and $741.55 million for revenue.

Looking forward, G-III Apparel Group, Ltd. (NASDAQ:GIII) guided for earnings in the range of $4.20 – $4.30 per share and revenue of about $3 billion for its fiscal year 2023. The outlook was better than analysts’ average estimate of $3.56 per share for earnings and $2.88 billion for revenue.

Speaking on the results, CEO Morris Goldfarb said in a statement:

“We captured market share by anticipating demand and working with retail partners, despite the significant supply chain challenges. We are in a strong financial position affording us the flexibility to continue to invest in our future.”

8. BigBear.ai Holdings, Inc. (NYSE:BBAI)

Number of Hedge Fund Holders: 20

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) plummeted over 15 percent in the pre-market trading session on Friday, March 18, 2022, following its disappointing financial performance for the fourth quarter.

BigBear.ai Holdings, Inc. (NYSE:BBAI) reported a loss of $1.02 per share, way bigger than the loss of 2 cents per share estimated by analysts. The quarterly revenue of $42.23 million also missed the consensus of $42.23 million.

The tech company also released its sales outlook for the current fiscal year. BigBear.ai Holdings, Inc. (NYSE:BBAI) expects to generate revenue in the range of $175 – $205 million in FY 2022.

7. Semtech Corporation (NASDAQ:SMTC)

Number of Hedge Fund Holders: 26

Shares of Semtech Corporation (NASDAQ:SMTC) closed higher on Thursday, March 17, 2022, after reporting its fiscal fourth-quarter profit above expectations. The analog and mixed-signal semiconductors supplier earned 70 cents per share on an adjusted basis, up from 51 cents per share in the same period last year.

On the downside, Semtech Corporation (NASDAQ:SMTC) posted revenue of $190.6 million, below $194.9 million in the comparable period last year. Analysts were looking for earnings of 68 cents per share on revenue of $190.85 million.

Looking forward, Semtech Corporation (NASDAQ:SMTC) expects adjusted earnings in the range of 72 – 80 cents per share and revenue between $195 – $205 million for its fiscal first quarter.

Like Semtech Corporation (NASDAQ:SMTC), investors are also closely watching FedEx Corporation (NYSE:FDX), Accenture plc (NYSE:ACN) and PagerDuty, Inc. (NYSE:PD), after their earnings reports.

6. Jabil Inc. (NYSE:JBL)

Number of Hedge Fund Holders: 26

Shares of Jabil Inc. (NYSE:JBL) recently rose to a nearly one-month high following the better-than-expected financial results for its fiscal second quarter. The Florida-based manufacturing services company reported adjusted earnings of $1.68 per share, topping expectations of $1.47 per share.

Revenue for the quarter increased 10.6 percent on a year-over-year basis to $7.55 billion, ahead of the consensus forecast of $7.43 billion. Jabil Inc. (NYSE:JBL) also released its segment-wise sales performance. Its diversified manufacturing services revenue increased 4 percent, while electronics manufacturing services revenue jumped 19 percent in the quarter.

For its fiscal third quarter, Jabil Inc. (NYSE:JBL) guided for adjusted earnings in the range of $1.40 – $1.80 per share and revenue between $7.9 – $8.5 billion. This compares to analysts’ average estimate of $1.46 per share for earnings and $7.71 billion for revenue.

5. PagerDuty, Inc. (NYSE:PD)

Number of Hedge Fund Holders: 27

Shares of PagerDuty, Inc. (NYSE:PD) climbed over 20 percent on Thursday, March 17, 2022, following an upbeat financial performance for its fiscal fourth quarter. The cloud computing company reported a loss of 4 cents per share, narrower than the consensus forecast for a loss of 6 cents per share.

Revenue for the quarter jumped 32.4 percent on a year-over-year basis to $78.5 million, topping estimates of $76.08 million. Among other updates, PagerDuty, Inc. (NYSE:PD) reported that it ended the quarter with 14,865 paying customers, compared to 13,837 in the same period last year.

Looking forward, PagerDuty, Inc. (NYSE:PD) expects an adjusted loss in the range of 9 – 8 cents per share and revenue between $81.5 – $83.5 million for its fiscal first quarter.

Discussing the results, CEO Jennifer Tejada said:

“Driven by ongoing market traction for our new products and strong go to market execution, Q4 results capped a fiscal year of accelerating growth for PagerDuty. We delivered revenue of $79 million for the quarter and $281 million for the year, both growing 32% year over year, and gained operating leverage which positions us well for durable growth.”

4. Signet Jewelers Limited (NYSE:SIG)

Number of Hedge Fund Holders: 34

Shares of Signet Jewelers Limited (NYSE:SIG) recently rose to a one-month high after delivering solid profit and sales for its fiscal fourth quarter. The world’s largest diamond jewelry retailer reported adjusted earnings of $5.01 per share, up from $4.15 per share in the year-ago period and in line with the consensus forecast.

In addition, Signet Jewelers Limited (NYSE:SIG) posted revenue of $2.81 billion, up 28 percent on a year-over-year basis and above expectations of $2.77 billion. If we look at the performance of its flagship segments, brick and mortar revenue climbed 34.6 percent to $2.3 billion, while e-commerce revenue increased 8.7 percent to $556.0 million in the quarter.

Looking forward, Signet Jewelers Limited (NYSE:SIG) guided for revenue in the range of $1.78 – $1.82 billion for its fiscal first quarter and between $8.03 – $8.25 billion for its fiscal year 2023.

Speaking on the results, CFO Joan Hilson said:

“Our Fiscal 2023 guidance reflects topline performance that we believe will outpace the market while also delivering a double-digit operating margin by leveraging sustainable advantages, notably fleet optimization, inventory efficiency and an enhanced labor model.”

3. Dollar General Corporation (NYSE:DG)

Number of Hedge Fund Holders: 44

Shares of Dollar General Corporation (NYSE:DG) rose more than four percent on Thursday, March 17, 2022, after reporting earnings of $2.57 per share for its fiscal fourth quarter that matched the consensus forecast. The discount retailer had earned $2.62 per share in the comparable period of 2020.

Revenue for the quarter rose 2.8 percent on a year-over-year basis to $8.65 billion, while analysts were expecting Dollar General Corporation (NYSE:DG) to post revenue of $8.70 billion.

Dollar General Corporation (NYSE:DG) also issued its financial outlook for the current fiscal year. The company projected earnings growth in the range of 12 – 14 percent and revenue growth of about 10 percent for its FY 2022.

Discussing the results, CEO Todd Vasos said:

“Despite a more challenging than expected operating environment, our teams remained focused on executing our operating priorities and advancing our strategic initiatives, which we believe position us well for solid sales and profit growth in 2022 and beyond.”

2. Accenture plc (NYSE:ACN)

Number of Hedge Fund Holders: 50

Shares of Accenture plc (NYSE:ACN) turned red on Thursday, March 17, 2022, even after beating profit and sales expectations for its fiscal second quarter. The Ireland-based professional services company reported earnings of $2.45 per share, up from $2.23 per share in the year-ago period.

Revenue for the quarter jumped 24 percent on a year-over-year basis to $15.05 billion. The results exceeded the consensus of $2.20 per share for earnings and $13.44 billion for revenue.

Accenture plc (NYSE:ACN) also released its geographical-wise sales performance. Revenue from North America jumped 26 percent to $7.08 billion in the quarter, while Europe revenue increased 24 percent to $5.01 billion. In comparison, revenue from the growth markets rose 22 percent to $2.96 billion.

Looking forward, Accenture plc (NYSE:ACN) raised its fiscal year 2022 earnings outlook to a range of $10.61 – $10.81 per share, from its previous forecast of $10.32 – $10.60 per share. The updated outlook is better than the consensus of $9.68 per share.

1. FedEx Corporation (NYSE:FDX)

Number of Hedge Fund Holders: 64

Shares of FedEx Corporation (NYSE:FDX) fell more than four percent in the mid-day trading session on Friday, March 18, 2022, after announcing lower-than-expected profit for its fiscal third quarter.

The Tennessee-based express delivery giant blamed the negative impact of the Omicron variant and higher costs for affecting its results. FedEx Corporation (NYSE:FDX) reported adjusted earnings of $4.59 per share, up from $3.47 per share in the year-ago period.

However, analysts were expecting FedEx Corporation (NYSE:FDX) to earn $4.65 per share. On the bright side, revenue for the quarter increased to $23.6 billion, from $21.5 billion last year and surpassed expectations of $23.4 billion.

Speaking on the results, CFO Michael Lenz said:

“Our strong quarterly operating income increase was dampened by the surge of the Omicron variant which caused disruptions to our networks and diminished customer demand in January and into February. We remain focused on revenue quality and operational efficiency initiatives to mitigate inflationary pressures and drive earnings improvement.”

You can also take a peek at Bill Gates’ Latest Portfolio: Top 12 Stock Picks and 10 Undervalued Dividend Kings To Buy In 2022.

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Disclosure: None. 11 Stocks Making Noise After Releasing Their Financial Results is originally published on Insider Monkey.