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

18 February 2022 By

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.