5 Stocks Under Investors’ Radar After Releasing their Earnings Reports

In this article, we discuss the 5 stocks under investors’ radar after releasing their earnings reports. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks Under Investors’ Radar After Releasing their Earnings Reports.

5. Darden Restaurants, Inc. (NYSE:DRI)

Number of Hedge Fund Holders: 44

Shares of Darden Restaurants, Inc. (NYSE:DRI) rallied to an all-time high of $164.28 on Thursday, 23 September 2021, after delivering impressive results for its fiscal first quarter. The Florida-based restaurant operator reported earnings of $1.76 per share for the three months ended 29 August 2021, well above 28 cents per share in the comparable period of 2020.

In addition, Darden Restaurants, Inc. (NYSE:DRI) posted revenue of $2.31 billion, translating to a surge of 51 percent on a year-over-year basis. The results surpassed the consensus forecast of $1.64 per share for earnings and $2.240 billion for revenue.

Darden Restaurants, Inc. (NYSE:DRI) also updated the financial outlook for its fiscal year 2022. It expects earnings in the range of $7.25 – $7.60 per share, in line with the consensus forecast of $7.43 per share. Revenue for the full year is expected to come between $9.4 billion – $9.6 billion, compared to analysts’ average estimate of $9.408 billion.