In this article, we’ll look at 11 noisy stocks after the announcement of financial results.Skip the detailed analysis of these stocks and go directly Five Noisy stocks after earnings announcement..
Looking at price behavior, PagerDuty’s share price rose more than 20% due to strong performance, but FedEx’s share price turned into the red after lower-than-expected earnings. Meanwhile, Accenture’s share price also fell after surpassing its second-quarter financial expectations.
11. GameStop Corp. (NYSE:GME).
Number of hedge fund holders: 14
Equities of GameStop Corp. (NYSE: GME) fell more than 8% in an after-hours trading session on Thursday, March 17, 2022, after returning to losses in the fourth quarter. A Texas-based video game retailer reported a loss of $ 1.94 per share compared to a revenue of $ 1.23 per share in the year-ago quarter.
Revenue for the quarter was $ 2,254 million, slightly above the $ 2,122 million comparison period in 2020. Analysts expected GameStop Corp. (NYSE: GME) to report revenue of $ 2.22 billion and revenue of 84 cents per share.
Among other updates, GameStop Corp. (NYSE: GME) announced that it has worked with several gaming companies such as Alienware and Corsair to help increase revenue during the quarter. In addition, the company announced that it has partnered with Immutable X to support the development of the NFT market.
10. Vacasa, Inc. (NASDAQ:VCSA).
Number of hedge fund holders: 17
Equities of Vacasa, Inc. (NASDAQ: VCSA) rose nearly 14% on Thursday, March 17, 2022, following strong Q4 performance. The vacation rental management company reported a loss of 6 cents per share. This is narrower than the analyst’s average loss of 28 cents per share.
In addition, Vacasa, Inc. (NASDAQ: VCSA) posted revenue of $ 192 million, up 76% year-on-year, above the expected $ 179.92 million. Sales days, a key business indicator, increased 55% from last year to 1.1 million.
Vacasa, Inc. (NASDAQ: VCSA) also announced sales forecasts for the first quarter and 2022. We expect sales for the quarter to be between $ 245 million and $ 255 million, and full-year sales from $ 1.125 billion to $ 1.175 billion.
Like Vacasa and Inc. (NASDAQ: VCSA), FedEx Corporation (NYSE: FDX), Accenture plc (NYSE: ACN), PagerDuty and Inc. (NYSE: PD) have also been in the limelight after the announcement of financial results.
9. G-III Apparel Group, Ltd. (NASDAQ:GIII).
Number of hedge fund holders: 18
Equities of G-III Apparel Group, Ltd. (NASDAQ: GIII) surged more than 14% on Thursday, March 17, 2022, after striking performance in the fourth quarter. A New York-based apparel retailer earned 98 cents per share. That’s well above 30 cents per share in the year-ago quarter.
Revenues for the quarter increased 42% year-on-year to $ 748.15 million. This result easily exceeded the consensus of 64 cents per share and $ 741.55 million in revenue.
Looking to the future, G-III Apparel Group, Ltd. (NASDAQ: GIII) generated revenues ranging from $ 4.20 to $ 4.30 per share for fiscal year 2023 and revenues of approximately $ 3 billion. Revenue per share is $ 3.56 and revenue is $ 2.88 billion.
Regarding the results, CEO Morris Goldfarb said in a statement:
“Despite significant supply chain challenges, we have gained market share by forecasting demand and working with retail partners. We are in a strong financial position and have the flexibility to continue investing in the future. We are offering. “
8. BigBear.ai Holdings, Inc. (NYSE:BBAI).
Number of hedge fund holders: 20
Shares in BigBear.ai Holdings, Inc. (NYSE: BBAI) plunged more than 15% in a pre-market trading session on Friday, March 18, 2022, following disappointing performance in the fourth quarter.
BigBear.ai Holdings, Inc. (NYSE: BBAI) reported a loss of $ 1.02 per share, far greater than analysts estimated a loss of 2 cents per share. Quarterly revenue of $ 42.23 million also missed a consensus of $ 42.23 million.
High-tech companies have also announced their sales outlook for the year. BigBear.ai Holdings, Inc. (NYSE: BBAI) expects to generate revenue in the range of $ 175 million to $ 205 million in 2022.
7. Semtech Corporation (NASDAQ:SMTC).
Number of hedge fund holders: 26
Shares in Semtech Corporation (NASDAQ: SMTC) closed high on Thursday, March 17, 2022, after reporting higher-than-expected profits in the fourth quarter. Supplier of analog and mixed-signal semiconductors had adjusted revenue of 70 cents per share, up from 51 cents per share during the same period last year.
On the downside, Semtech Corporation (NASDAQ: SMTC) posted revenue of $ 190.6 million, down from $ 194.9 million in the year-ago quarter. Analysts wanted $ 190,850,000 in revenue and 68 cents per share.
In the future, Semtech Corporation (NASDAQ: SMTC) expects adjusted earnings to range from 72-80 cents per share and first-quarter earnings of $ 195-205 million. I am.
Like Semtech Corporation (NASDAQ: SMTC), investors are closely watching the earnings reports of FedEx Corporation (NYSE: FDX), Accenture plc (NYSE: ACN), PagerDuty, Inc. (NYSE: PD).
6. Jabil Inc. (NYSE:JBL).
Number of hedge fund holders: 26
Equities of Jabil Inc. (NYSE: JBL) have risen to nearly a month’s highs as second-quarter performance exceeded expectations. A Florida-based manufacturing services company reported adjusted earnings of $ 1.68 per share, exceeding expectations of $ 1.47 per share.
Revenues for the quarter exceeded the consensus forecast of $ 7.43 billion, up 10.6% year-on-year to $ 7.55 billion. Jabil Inc. (NYSE: JBL) also announced sales performance by segment. Electronic device manufacturing services revenue increased 19% in the quarter, while revenues for its diverse manufacturing services increased 4%.
Jabil Inc. (NYSE: JBL) generated adjusted earnings in the range of $ 1.40 to $ 1.80 per share and revenues of $ 79 to $ 8.5 billion in the third quarter. This is compared to analysts’ average estimated revenue of $ 1.46 per share and revenue of $ 7.71 billion.
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Disclosure: None. 11 stocks that are noisy after the announcement of financial results Originally published by Insider Monkey.