HomeNewsMarket Highlights: Here is how quarterly earnings impacted these five stocks

Market Highlights: Here is how quarterly earnings impacted these five stocks

Ruchi Gupta
  • Analysts downgraded Starbucks  following Q1 2022 results
  • T-Mobile posts mixed results as analysts remain upbeat about Google
  • Meta Platforms Q4 results disappoint as Thermo fisher beats estimates

Analysts downgrade Starbucks despite Solid Q1 2022 results

Starbucks Corporation (NASDAQ: SBUX) shares are under pressure despite the company reporting solid Q1 results on Tuesday. Total revenue grew 21.4% YoY to $8.1 billion, surpassing expectations, with the company reporting non-GAAP earnings per share of $0.72.

Goldman Sachs revises its rating in the stock from Buy to Hold as the company's upside seems restricted due to ongoing cost pressures across all segments. Also, Morgan Stanley slashed its price target on the stock from $115 to $107.

T-Mobile reports mixed Q4 2021 results

T-Mobile US Inc. (NASDAQ: TMUS) shares jumped 10% after hours following Q4 2021 earnings beat and upbeat fiscal 2022 guidance. The company earned $0.34 per share in Q4, a decline from $0.6 reported a year ago. Management said the decline was related to its Sprint merger.

Revenue was $20.8 billion, a YoY increase of 5.5%. FactSet polled analysts had predicted earnings of $0.13 per share and revenue of $21.1 billion.

Alphabet up 8% on expected Q4 earnings beat

Shares of Google’s parent company Alphabet Inc. (NASDAQ: GOOGL) are up 8% in a week following predictions that the company would beat Q4 revenue and earnings estimates. The company has surpassed expectations for both metrics in the past four quarters, and the trend is likely to continue.

Analysts are holding a positive view of the stock. For instance, JMP Securities analyst Andrew Boone allocated the stock a Buy rating with a price target of $3,300. At the same time, Evercore ISI's Mark Mahaney also has a Buy rating on the stock with a price target of $3,500.

Meta Platforms posts underwhelming Q4 2021 results

Meta Platforms Inc. (NASDAQ: FB) shares tanked 20% after hours on Wednesday after the social media giant posted underwhelming Q4 2021 results and issued disappointing guidance. The company had a net income of $10.29 billion or $3.67 per share with sales of $33.67 billion, a 20% YoY growth. FactSet polled analysts had expected the company to report EPS of $3.85 on revenue of $33.4 billion.

Thermo Fisher beats Q4 2021 consensus earnings and sales estimates

Thermo Fisher Scientific (NYSE: TMO) shares were up pre-market following the announcement of Q4 2021 results that beat consensus estimates. The company reported GAAP EPS of $4.17 with an adjusted EPS of $6.54, while sales were was $10.7 billion. Analysts had guided in earnings of $4.94 per share in the revenue of $8.84 billion.