Investing

6 Top Earnings Season Winners Beyond Apple and Amazon

The company said that its North America sales, its largest segment, were less hurt than other regions from the COVID-19 pandemic, and there were early signs of demand recovery in June.

Whirlpool stock closed at $182.00 and has a 52-week range of $64.00 to $183.89. The consensus price target is $159.00. Over the past quarter, this stock is up about 54%. In the past month alone, it is up closer to 27%.

HCA

In the age of COVID-19, there should be some money to be made in operating hospitals. HCA Healthcare Inc. (NYSE: HCA) said that it had $3.16 in EPS and $11.07 billion in revenue, which came in above consensus estimates of a net loss of $0.20 per share on revenue of $10.09 billion.

One thing to point out here is that the company recognized $822 million, or $1.73 per share, in government stimulus income during the quarter under the CARES Act. Patient volumes were significantly affected in April due to state and local policies related to the pandemic. Same-facility inpatient surgeries decreased 15.7%, while same-facility outpatient surgeries fell by 32.6%.

HCA stock closed at $133.91, in a 52-week range of $58.38 to $151.97. The consensus analyst target is $146.95. Over the past quarter, this stock is up about 29%, or closer to 28% in the past month.

PulteGroup

PulteGroup Inc. (NYSE: PHM) is proof that the homebuilders are making a comeback. If anything, the flight out of cities and into suburbs could prove lucrative for this firm. Second-quarter results seemed to prove this.

The firm posted EPS of $1.15 and $2.59 billion in revenue, compared with consensus estimates that were calling for $0.87 per share on $2.49 billion. PulteGroup reported 6,522 net new orders. While this is down about 4% from the same period last year, it is much better than expected. Analysts were calling for new orders to drop to 4,999.

PulteGroup stock closed Tuesday at $46.61. The 52-week trading range is $17.12 to $47.43, and the consensus price target is $45.77. Over the past quarter, this stock is up about 48%, or closer to 24% in the past month alone.

Qualcomm

At the very end of June, Qualcomm Inc. (NASDAQ: QCOM) reported its third-quarter fiscal 2020 results. The chipmaker said that it had $0.86 and revenues of $4.9 billion. The consensus analysts’ estimates had called for EPS of $0.71 and $4.8 billion in revenue.

The big news is a new technology licensing agreement with Chinese network equipment maker Huawei. Qualcomm said the deal was a long-term global patent license and includes cross-licensing of some Huawei patents. In fiscal 2019, Qualcomm revenues included $450 million in royalties ($0.32 per share) paid by Huawei under an interim agreement that expired at the end of last year’s third quarter. Qualcomm has not recorded any Huawei licensing revenue since that time.

The new licensing agreement will add $1.8 billion to Qualcomm’s first- and second-quarter revenues and an as-yet-unspecified amount for the third quarter.

Qualcomm stock closed at $112.03, in a 52-week range of $58.00 to $116.25. The consensus price target is $119.26. This stock is up about 43% over the past quarter, or closer to 20% in the past month alone.

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