Oracle (ORCL) stock dips, FuelCell (FCEL) rallies as earnings shine

Highlights

  • The net income of Oracle Corporation (NYSE: ORCL) was US$2.45 billion in Q1, FY22.
  • The gross profit of Fuelcell Energy, Inc. (NASDAQ: FCEL) was US$1.10 million in Q3, FY21.
  • The ORCL stock soared 39.44 percent YTD; FCEL declined by 47.03 percent YTD.

Stocks of Oracle Corporation (NYSE: ORCL) and Fuelcell Energy, Inc. (NASDAQ: FCEL) were on investors' radar following their quarterly earnings results. The former released its earnings on Monday after the market closed, while the latter reported Tuesday before the opening bell.

ORCL traded at US$85.84 at 8:44 am ET on Sep 14, down 3.43 percent from its previous close, while FCEL was priced at US$6.26 at 9:22 am ET, up 11.39 percent from its previous close.

Here we explore the earnings details of the stocks.

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Oracle Corporation (NYSE: ORCL)

Oracle is a cloud-based technology company headquartered in Austin, Texas. It provides software and hardware for information management infrastructure.

The total revenue of the company surged 4 percent YoY to US$9.7 billion in Q1, FY22. Its GAAP operating income was US$3.4 billion, up 7 percent from the year-ago quarter.

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The company's net income came in at US$2.45 billion, or US$0.86 per diluted share, compared to US$2.25 billion, or US$0.72 per diluted share in Q1, FY21.

Oracle’s market cap is US$248.18 billion, the P/E Ratio is 18.87, and the forward P/E one year is 21.32. Its EPS is US$4.71. The ORCL stock rose 39.44 percent YTD.

The 52-week highest and lowest stock prices were US$91.78 and US$55.14, respectively. It recorded a trading volume of 18,883,410 on September 13.

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Quarterly earnings, revenue growth, net income.


Fuelcell Energy, Inc. (NASDAQ: FCEL)

Fuelcell Energy, Inc. is based in Danbury, Connecticut, and has interests in the clean-energy sector. The company develops fuel cell plants for electricity generation.

The total revenue of the company jumped 43 percent YoY to US$26.82 million in Q3, FY21. Its gross profit was US$1.10 million, compared to a loss of US$3.12 million in the year-ago quarter.


The company's loss from operations was US$10.58 million, compared to a loss of US$10.76 million in Q3, FY20.

It reported a net loss of US$11.99 million, or a loss of US$0.04 per share, compared to a loss of US$15.33 million, or a loss of US$0.07 per share in the same quarter of the previous year.

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Its adjusted EBITDA was a loss of US$5.17 million in the quarter ended on July 31, 2021, compared to a loss of US$5.63 million in the year-ago quarter.

The firm has a market cap of US$1.81 billion, and a forward P/E one year of -28.10. Its EPS is US$-0.36. The stock value decreased by 47.03 percent YTD.

The highest and lowest stock prices for the last 52-week were US$29.44 and US$1.58, respectively. Its trading volume was 22,075,110 on September 13.

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Bottomline

Despite challenges like the delta outbreak and inflation, these companies posted strong earnings, helping the markets stay on track. The S&P technology sector increased by 19.91 percent YTD, while the S&P 500 utility sector grew by 8.20 percent YTD, evidence of the overall positive performance of the two segments so far this year. However, investors must carefully evaluate the companies before making an investment decision in stocks.

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