5 Stocks On Investors’ Radar After Posting Their Financial Results

4. HEICO Corporation (NYSE:HEI)

Number of Hedge Fund Holders: 35

Shares of HEICO Corporation (NYSE:HEI) slipped over three percent on Thursday, December 16, 2021 despite beating profit and sales expectations for its fiscal fourth quarter. The aerospace and electronics company reported earnings of 62 cents per share, up from 45 cents per share in the year-ago quarter.

In addition, HEICO Corporation (NYSE:HEI) posted revenue of $509.4 million, translating to  a year-over-year surge of 20 percent. The results were better than analysts’ average estimate of 58 cents per share for earnings and $505.5 million for revenue.

Discussing the results, CEO of HEICO Corporation (NYSE:HEI), Laurans Mendelson, said in a statement:

“As we look ahead to fiscal 2022, we expect the commercial air travel recovery to continue, particularly in certain domestic travel markets, while less so in international markets, even though the Pandemic will likely continue to adversely impact the commercial aerospace industry and HEICO. International markets have not recovered to the extent of domestic markets, and while we are confident of their future recovery and the potential sales increase, the timing is uncertain.”