U.S. markets close in 13 minutes
  • S&P 500

    3,903.86
    -19.82 (-0.51%)
     
  • Dow 30

    31,268.32
    -221.75 (-0.70%)
     
  • Nasdaq

    11,408.12
    -10.03 (-0.09%)
     
  • Russell 2000

    1,781.68
    +6.83 (+0.38%)
     
  • Crude Oil

    111.85
    +2.26 (+2.06%)
     
  • Gold

    1,839.80
    +23.90 (+1.32%)
     
  • Silver

    21.93
    +0.39 (+1.79%)
     
  • EUR/USD

    1.0592
    +0.0126 (+1.21%)
     
  • 10-Yr Bond

    2.8550
    -0.0310 (-1.07%)
     
  • GBP/USD

    1.2495
    +0.0153 (+1.24%)
     
  • USD/JPY

    127.6890
    -0.6080 (-0.47%)
     
  • BTC-USD

    30,003.45
    +725.32 (+2.48%)
     
  • CMC Crypto 200

    667.16
    +14.93 (+2.29%)
     
  • FTSE 100

    7,302.74
    -135.35 (-1.82%)
     
  • Nikkei 225

    26,402.84
    -508.36 (-1.89%)
     

10 Notable Earnings Reports to Watch

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·6 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

In this article, we will take a look at the 10 notable earnings reports to watch. You can skip our detailed analysis of these companies and go directly to the 5 Notable Earnings Report to Watch.

Stocks from the financial, consumer defensive, and industrials sectors, including Morgan Stanley (NYSE:MS), The Procter & Gamble Company (NYSE:PG) and Union Pacific Corporation (NYSE:UNP), recently announced their quarterly results.

Shares of Morgan Stanley, Procter & Gamble and Union Pacific Corp rose after posting better-than-expected earnings. In addition, shares of several other companies, including Alcoa Corporation (NYSE:AA) and UnitedHealth Group Incorporated (NYSE:UNH), also gained value after posting an upbeat quarterly profit.

Photo by Joshua Mayo on Unsplash

We will discuss their key financial highlights in the remaining article.

Notable Earnings Reports to Watch

10. United Airlines Holdings, Inc. (NASDAQ:UAL)

Number of Hedge Fund Holders: 30

Shares of United Airlines Holdings, Inc. (NASDAQ:UAL) fell nearly two percent in the after-hours trading session on Wednesday, January 19, 2022, after offering a weak outlook for the first quarter along with the fourth quarter results.

United Airlines Holdings, Inc. (NASDAQ:UAL) said the recent surge in coronavirus cases would further prolong its recovery from the pandemic. The Chicago-based airline expects its revenue to be down in the range of 20 - 25 percent from the comparable period of 2019.

Nevertheless, United Airlines Holdings, Inc. (NASDAQ:UAL) reported better-than-expected financial results for the fourth quarter. It posted an adjusted loss of $1.60 per share, narrower than the consensus forecast for a loss of $2.09 per share. Revenue came in at $8.2 billion, ahead of analysts' average estimate of $8 billion.

Speaking on the results, CEO of United Airlines Holdings, Inc. (NASDAQ:UAL), Scott Kirby, said in a statement:

"While Omicron is impacting near term demand, we remain optimistic about the spring and excited about the summer and beyond. We look forward to beginning to return the Pratt & Whitney 777s to service this quarter and getting the full airline back to normal utilization — as we ramp up along with demand this year."

9. Discover Financial Services (NYSE:DFS)

Number of Hedge Fund Holders: 37

Shares of Discover Financial Services (NYSE:DFS) fell more than four percent on Wednesday, January 19, 2022, after its profit and sales for the fourth quarter fell short of expectations. The company reported earnings of $3.64 per share, compared to 2.59 per share in the year-ago quarter.

Revenue came in at $2.94 billion versus $2.82 billion in the same period last year. Analysts were expecting Discover Financial Services (NYSE:DFS) to post earnings of $3.72 per share on revenue of $3 billion.

In addition, Discover Financial Services (NYSE:DFS) announced that it repurchased nearly 6.5 million shares of its common stock during the fourth quarter for $773 million.

Like Discover Financial Services (NYSE:DFS), investors are also closely observing Morgan Stanley (NYSE:MS), The Procter & Gamble Company (NYSE:PG), Union Pacific Corporation (NYSE:UNP), Alcoa Corporation (NYSE:AA) and UnitedHealth Group Incorporated (NYSE:UNH), following their earnings reports.

8. State Street Corporation (NYSE:STT)

Number of Hedge Fund Holders: 42

Shares of State Street Corporation (NYSE:STT) fell more than seven percent on Wednesday, January 19, 2022, after the Massachusetts-based financial services company posted mixed financial results for the fourth quarter.

State Street Corporation (NYSE:STT) earned $2 per share on an adjusted basis, ahead of the consensus forecast of $1.88 per share. Revenue came in at $3.053 billion, while analysts were looking for revenue of $3.010 billion.

Looking at some other key stats, net interest income for the quarter slipped three percent to $484 million, while total expenses rose two percent. The elevated costs were mainly attributed to higher compensation and employee benefits.

Discussing the results, CEO of State Street Corporation (NYSE:STT), Ron O'Hanley, said in a statement:

"We continued to successfully execute against our strategic priorities, while also delivering strong year-over-year financial results and business momentum, including positive operating leverage, meaningful pre-tax margin expansion and robust earnings growth."

7. U.S. Bancorp (NYSE:USB)

Number of Hedge Fund Holders: 42

Shares of U.S. Bancorp (NYSE:USB) declined nearly eight percent on Wednesday, January 19, 2022, after its fourth-quarter profit and revenue came in below expectations. The Minnesota-based bank holding company reported earnings of $1.07 per share, up from 95 cents per share in the year-ago quarter.

However, the revenue of $5.68 billion was slightly lower than $5.75 billion in the comparable period of 2020. Analysts were expecting U.S. Bancorp (NYSE:USB) to post earnings of $1.10 per share on revenue of $5.75 billion.

Net interest income also decreased to $3.12 billion from $3.18 billion in the year-ago quarter and missed expectations of $3.14 billion. In addition, average total loans for the quarter inched up 0.1 percent or $447 million, while average total deposits jumped 6.5 percent or $27.4 billion from the comparable period of 2020.

Like U.S. Bancorp (NYSE:USB), Morgan Stanley (NYSE:MS), The Procter & Gamble Company (NYSE:PG), Union Pacific Corporation (NYSE:UNP), Alcoa Corporation (NYSE:AA) and UnitedHealth Group Incorporated (NYSE:UNH), also caught investors' attention after posting an upbeat quarterly profit.

6. Kinder Morgan, Inc. (NYSE:KMI)

Number of Hedge Fund Holders: 42

Kinder Morgan, Inc. (NYSE:KMI) is one of the biggest energy infrastructure companies in the U.S. Being a midstream giant, it owns and operates the infrastructure required for moving crude oil, natural gas, CO2 and more.

Shares of Kinder Morgan, Inc. (NYSE:KMI) rose nearly two percent in the after-hours trading session on Wednesday, January 19, 2022, after beating profit and sales expectations for the fourth quarter.

Kinder Morgan, Inc. (NYSE:KMI) reported adjusted earnings of 27 cents per share, unchanged from last year and above the consensus forecast of 25 cents per share. Revenue came in at $4.43 billion, up from $3.12 billion in the year-ago quarter and above expectations of $3.61 billion.

Looking forward, Kinder Morgan, Inc. (NYSE:KMI) expects to post a net income of $2.2 billion for 2022. The company also declared a cash dividend of 27 cents per share for the fourth quarter.

Speaking on the results, CEO of Kinder Morgan, Inc. (NYSE:KMI), Steve Kean, said in a statement:

"As we complete our 25th year, future prospects for the company look very bright. Our business model, predominantly take-or-pay and fee-based long-term contracts with creditworthy customers, remains durable. And our interconnected network of transportation and storage infrastructure is now recognized as even more valuable in the marketplace."

Click to continue reading and see 5 Notable Earnings Reports to Watch.

Suggested articles:

Disclosure: None. 10 Notable Earnings Reports to Watch is originally published on Insider Monkey.