5 Stocks On Investors’ Radar After Posting Their Financial Results

In this article, we discuss the 5 stocks on investors’ radar after posting their financial results. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks On Investors’ Radar After Posting Their Financial Results.

5. The Toro Company (NYSE:TTC)

Number of Hedge Fund Holders: 29

The Toro Company (NYSE:TTC) recently came into the spotlight after announcing better-than-expected financial results for its fiscal fourth quarter. The manufacturer of turf maintenance equipment reported adjusted earnings of 56 cents per share, compared to 64 cents per share in the year-ago quarter.

Analysts were expecting The Toro Company (NYSE:TTC) to report earnings of 53 cents per share. Revenue for the quarter rose 14.2 percent on a year-over-year basis to $960.7 million, beating expectations of $956 million.

Looking forward, The Toro Company (NYSE:TTC) expects adjusted earnings in the range of $3.90 – $4.10 per share and revenue growth of 8 – 10 percent for its fiscal year 2022.

Speaking on the results, CEO of The Toro Company (NYSE:TTC), Richard Olson, said in a statement:

“We exceeded our top- and bottom-line guidance for fiscal 2021, driving double-digit net sales growth for both the quarter and full-year for our professional and residential segments. We delivered these solid results, despite global supply chain challenges and inflationary pressures.”

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.”

3. FedEx Corporation (NYSE:FDX)

Number of Hedge Fund Holders: 49

Shares of FedEx Corporation (NYSE:FDX) rose more than six percent in the pre-market trading session on Friday, December 17, 2021, after delivering impressive financial results for its fiscal second quarter.

FedEx Corporation (NYSE:FDX) earned $4.83 per share, unchanged from last year and above the consensus forecast of $4.28 per share. Revenue for the quarter rose 14 percent on a year-over-year basis to $23.5 billion, partly driven by increased home deliveries. Analysts were looking for revenue of $22.41 billion.

The company also lifted its profit outlook for the full year. FedEx Corporation (NYSE:FDX) now expects adjusted earnings in the range of $20.50 per share – $21.50 per share, compared to its previous guidance of $19.75 – $21 per share.

Commenting on the quarter, CFO of FedEx Corporation (NYSE:FDX), Michael C. Lenz, said:

“FedEx operating income grew in our second quarter, driven by strong revenue growth and effective management of our cost and expected labor availability challenges.”

2. Lennar Corporation (NYSE:LEN)

Number of Hedge Fund Holders: 50

Shares of Lennar Corporation (NYSE:LEN) fell over four percent on Thursday, December 16, 2021, after announcing disappointing earnings for its fiscal fourth quarter. The Florida-based home builder blamed the supply chain hurdles and delayed house deliveries for the weak results.

Lennar Corporation (NYSE:LEN) reported earnings of $3.91 per share, compared to $2.82 per share in the year-ago quarter. Revenue for the quarter rose 24 percent versus last year to $8.4 billion.

Analysts were expecting Lennar Corporation (NYSE:LEN) to earn $4.15 per share on revenue of $8.2 billion. If we look at the key growth drivers, new home deliveries in the quarter increased to 17,819 units versus 16,090 units in the comparable period of 2020. In addition, revenue from home sales surged 26 percent to $8 billion in the quarter.

Looking forward, Lennar Corporation (NYSE:LEN) expects home deliveries of around 12,500 in its fiscal first quarter. In addition, the company expects to deliver about 67,000 homes during its current fiscal year, compared to 59,825 in FY 2021.

Speaking on the results, CEO Stuart Miller said in a statement:

“Our record fourth quarter results reflect both continued strength in the housing market across the country, and continued housing supply shortage driven by limited entitled land, labor and supply chain constraints, and 10 years of production shortfall.”

1. Adobe Inc. (NASDAQ:ADBE)

Number of Hedge Fund Holders: 95

Shares of Adobe Inc. (NASDAQ:ADBE) plummeted over 10 percent on Thursday, December 16, 2021, after issuing a weak outlook for its fiscal 2022 along with its fourth-quarter results.

Adobe Inc. (NASDAQ:ADBE) expects adjusted earnings of $13.70 per share on revenue of $17.90 billion for its current fiscal year. However, the guidance was below analysts’ average estimate of $14.26 per share for earnings and $18.16 billion for revenue.

For the fourth quarter, Adobe Inc. (NASDAQ:ADBE) reported adjusted earnings of $3.20 per share, in line with the consensus forecast. Revenue for the quarter jumped 20 percent versus last year to $4.11 billion, beating expectations of $4.087 billion.

Praising the latest quarterly performance, CFO of Adobe Inc. (NASDAQ:ADBE), Dan Durn, said:

“Adobe’s financial performance in fiscal 2021 was outstanding, with top-line acceleration resulting in more than $7 billion in operating cash flows. With an estimated $205 billion addressable market, we are well positioned for significant growth in the years ahead with our industry-leading products and platforms.”

You can also take a peek at 13 Uranium Stocks Popular on Reddit and 10 Meme Stocks that More than Doubled in 2021.

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