HomeNewsMarket Highlight: Here is why these five stocks are trending in the market

Market Highlight: Here is why these five stocks are trending in the market

Ruchi Gupta
  • Southern Co beat Q4 earnings and revenue estimates
  • Fastly issues dovish guidance as Kraft Heinz issued a bullish FY2022 outlook
  • Roku produces mixed Q4 results as Walmart reports 10.1% EPS growth

Southern Co tops Q4 earnings and revenue estimates

Southern Co. (NYSE: SO) reported Q4 earnings that topped earnings estimates. The company had EPS of $0.36 in Q$ 2021, beating estimates of $0.35. Revenue during the quarter was $5.8 billion, beating estimates of $4.78 billion. Loss during the quarter was $215 million or $0.20 per share.

For the full year, the company had earnings of $2.39 billion or $2.26 per share compared to $2.95 billion or $3.12 per share a year ago.

Fastly dips on dovish outlook

Fastly Inc. (NYSE: FSLY) shares dropped 30% on Thursday despite the company delivering results beating analyst estimates. The dip in share price results from a dovish full-year revenue outlook the company issued.

The company had revenue of $97.7 million, representing an 18% YoY increase. However, the company lost 57.5 million or $0.10 compared to $0.09 a year ago in the fourth quarter. Analysts had expected a loss per share of $0.16 on revenue of $92.5 million.

Kraft Heinz fives bullish fiscal 2022 guidance

Kraft Heinz Company (NASDAQ: KHC) shares are on the rise after the company reported its Q4 earnings and gave bullish revenue guidance from fiscal 2022. The company reported a 3.3% drop in revenue to $6.71 billion in the fourth quarter with non-GAAP EPS of $0.79, beating estimates by $0.16.

Organic revenue was up 3.9% in Q4, with pricing increasing by 3.8 percentage points compared to last year. For fiscal 2022 the company anticipates organic revenue in low single-digit percentage.

Roku expects revenue of $720 million in fiscal Q1

Roku Inc. (NYSE: ROKU) shares dropped 20% after the company released Q4 revenue that missed estimates, and the company gave a dovish outlook because of supply chain challenges.

Revenue was up 33% to $865.3 million, while net income was $23.7 million or $0.18 per share. The company topped analysts' earnings estimates of $0.05, but revenue came short of Wall Street projections of $894 million. For fiscal Q1, the company expects adjusted EBITDA of $55 million on sales of $720 million.

Walmart reports 10.1% EPS growth

Walmart Inc. (NYSE: WMT)  shares jumped from $135 to $137 after the company released results indicating annualized EPS growth of 10.1% to $1.53. The company has had a good week with analysts adjusting estimates of its EPS ratio upwards following the exceptional performance. However, management warns that inflation will be a major concern despite this performance from now on.