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3 Stocks Rallying on Strong Earnings

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May. 2 2018, Published 10:00 a.m. ET

Stocks a jumpin’

It’s an action-packed week for earnings, and a lot of stocks are on the move in today’s trading session. Let’s take a quick look at three that are moving higher on strong results:

Mastercard Inc. (NYSE: MA) is up about 3% following a Q1 beat. It reported record revenue of $3.58 billion and record adjusted EPS of $1.50, which crushed the consensus estimates of $3.25 billion in revenue and $1.25 in adjusted EPS. The company noted that its strong performance was driven by a 14% increase in first-quarter gross dollar volume and a 15% increase in purchase volume. The war on cash is heating up, and Mastercard is one of the big winners.

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Ultimate Software Group Inc. (NASDAQ: ULTI) is up more than 4% following an easy Q1 beat. It reported record revenue of $276.76 million and EPS of $1.30, both of which easily beat the consensus estimates of $270.75 million in revenue and $1.13 in EPS. The company also provided strong outlook on the second quarter and full year of 2018, calling for revenues in the range of $267 million-$269 million in the second quarter, and total revenue growth of approximately 18% in the full year. Ultimate Software is leading the way in the human capital management industry, and I don’t see this changing anytime soon.

Five9 Inc. (NASDAQ: FIVN) is soaring over 12% following a very strong Q1 beat. It reported record revenue of $58.9 million and EPS of $0.08, which roared past expectations of $55.11 million in revenue and $0.03 in EPS. The company cited record bookings as a driver of its strong performance, and it proceeded to raise the its guidance for 2018, now calling for revenue in the range of $235.8 million-$238.8 million and non-GAAP net income in the range of $0.25-$30 per diluted share, up significantly from its previous guidance of $231 million-$234 million in revenue and $0.20-$0.25 in diluted EPS. Five9’s cloud contact center software is in hot demand right now, and I think this could be an ongoing theme for the next several years.

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